During the last session, Pan American Silver Corp (NYSE:PAAS)’s traded shares were 6.46 million, with the beta value of the company hitting 1.44. At the end of the trading day, the stock’s price was $16.69, reflecting an intraday loss of -1.18% or -$0.2. The 52-week high for the PAAS share is $19.84, that puts it down -18.87 from that peak though still a striking 27.14% gain since the share price plummeted to a 52-week low of $12.16. The company’s market capitalization is $6.09B, and the average intraday trading volume over the past 10 days was 4.72 million shares, and the average trade volume was 3.74 million shares over the past three months.
Pan American Silver Corp (NYSE:PAAS) trade information
Pan American Silver Corp (PAAS) registered a -1.18% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -1.18% in intraday trading to $16.69, hitting a weekly high. The stock’s 5-day price performance is 14.47%, and it has moved by 26.44% in 30 days. Based on these gigs, the overall price performance for the year is -9.59%. The short interest in Pan American Silver Corp (NYSE:PAAS) is 15.42 million shares and it means that shorts have 4.23 day(s) to cover.
Pan American Silver Corp (PAAS) estimates and forecasts
Statistics show that Pan American Silver Corp has outperformed its competitors in share price, compared to the industry in which it operates. Pan American Silver Corp (PAAS) shares have gone up 21.47% during the last six months, with a year-to-date growth rate more than the industry average at 241.67% against 20.30. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -150.00% this quarter and then drop -75.00% in the quarter after that. In the rating firms’ projections, revenue will increase 9.40% compared to the previous financial year.
Revenue for the current quarter is expected to be $552.08 million as predicted by 1 analyst(s). Meanwhile, a consensus of 1 analyst(s) estimates revenue growth to $598.42 million by the end of Jun 2024. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled $339.99 million and $639.9 million respectively. In this case, analysts expect current quarter sales to grow by 62.40% and then drop by -6.50% in the coming quarter.
While earnings are projected to return 176.09% in 2024.
PAAS Dividends
Pan American Silver Corp is due to release its next quarterly earnings on May 08. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for Pan American Silver Corp is 0.40, with the dividend yield indicating at 2.40 percent, continuing the trend of increasing dividends in recent years.
Pan American Silver Corp (NYSE:PAAS)’s Major holders
Pan American Silver Corp insiders own 0.07% of total outstanding shares while institutional holders control 61.90%, with the float percentage being 61.95%. Van Eck Associates Corporation is the largest shareholder of the company, while 573 institutions own stock in it. As of Jun 29, 2023, the company held over 38.19 million shares (or 10.48% of all shares), a total value of $556.84 million in shares.
The next largest institutional holding, with 12.7 million shares, is of Vanguard Group Inc’s that is approximately 3.49% of outstanding shares. At the market price on Jun 29, 2023, these shares were valued at $185.24 million.
Also, the Mutual Funds coming in first place with the largest holdings of Pan American Silver Corp (PAAS) shares are VanEck ETF Trust-VanEck Gold Miners ETF and VanEck ETF Trust-VanEck Junior Gold Miners ETF. Data provided on Sep 29, 2023 indicates that VanEck ETF Trust-VanEck Gold Miners ETF owns about 19.39 million shares. This amounts to just over 5.32 percent of the company’s overall shares, with a $280.74 million market value. The same data shows that the other fund manager holds slightly less at 17.08 million, or about 4.69% of the stock, which is worth about $247.26 million.
