In last trading session, Pan American Silver Corp (NYSE:PAAS) saw 7.9 million shares changing hands with its beta currently measuring 1.35. Company’s recent per share price level of $24.41 trading at $2.33 or 10.55% at ring of the bell on the day assigns it a market valuation of $8.86B. That closing price of PAAS’s stock is at a premium of 0.57% from its 52-week high price of $24.27 and is indicating a premium of 50.18% from its 52-week low price of $12.16. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.33 million shares which gives us an average trading volume of 3.29 million if we extend that period to 3-months.
For Pan American Silver Corp (PAAS), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.25. Splitting up the data highlights that, out of 5 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.28 in the current quarter.
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Pan American Silver Corp (NYSE:PAAS) trade information
Upright in the green during last session for gaining 10.55%, in the last five days PAAS remained trading in the green while hitting it’s week-highest on Friday, 10/18/24 when the stock touched $24.41 price level, adding 0.61% to its value on the day. Pan American Silver Corp’s shares saw a change of 49.48% in year-to-date performance and have moved 9.66% in past 5-day. Pan American Silver Corp (NYSE:PAAS) showed a performance of 16.13% in past 30-days. Number of shares sold short was 9.12 million shares which calculate 3.06 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 23 to the stock, which implies a fall of -6.13% to its current value. Analysts have been projecting 22 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would jump 9.87% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.87% for stock’s current value.
Pan American Silver Corp (PAAS) estimates and forecasts
Statistics highlight that Pan American Silver Corp is scoring comparatively higher than the scores of other players of the relevant industry. The company added 28.00% of value to its shares in past 6 months, showing an annual growth rate of 425.00% while that of industry is 16.80. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 20.50% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 1B for the same. And 1 analysts are in estimates of company making revenue of 1.03B in the next quarter.
In 2024, company’s earnings growth rate is likely to be around 462.78% while estimates for its earnings growth in next 5 years are of 9.56%.
PAAS Dividends
Pan American Silver Corp is more likely to be releasing its next quarterly report on 2024-Nov-05 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 1.64%, the share has a forward dividend of 0.40 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 1.67%.
Pan American Silver Corp (NYSE:PAAS)’s Major holders
Insiders are in possession of 0.07% of company’s total shares while institution are holding 61.86 percent of that, with stock having share float percentage of 61.91%. Investors also watch the number of corporate investors in a company very closely, which is 61.86% institutions for Pan American Silver Corp that are currently holding shares of the company. VAN ECK ASSOCIATES CORP is the top institutional holder at PAAS for having 37.18 million shares of worth $739.23 million. And as of 2024-06-30, it was holding 10.2019 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 13.58 million shares on 2024-06-30. The number of shares represents firm’s hold over 3.7256 of outstanding shares, having a total worth of $269.96 million.
