In the latest trading session, 1.72 million Pan American Silver Corp (NYSE:PAAS) shares changed hands as the company’s beta touched 1.35. With the company’s most recent per share price at $25.33 changing hands around $0.51 or 2.03% at last look, the market valuation stands at $9.19B. PAAS’s current price is a discount, trading about -1.58% off its 52-week high of $25.73. The share price had its 52-week low at $12.16, which suggests the last value was 51.99% up since then. When we look at Pan American Silver Corp’s average trading volume, we note the 10-day average is 3.53 million shares, with the 3-month average coming to 3.42 million.
Analysts gave the Pan American Silver Corp (PAAS) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.25. If we narrow down to specifics, the data shows that 0 out of 5 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended PAAS as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Pan American Silver Corp’s EPS for the current quarter is expected to be 0.28.
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Pan American Silver Corp (NYSE:PAAS) trade information
Instantly PAAS is in green as seen in intraday trades today. With action 13.62%, the performance over the past five days has been green. The company’s shares are showing year-to-date upside of 55.08%, with the 5-day performance at 13.62% in the green. However, in the 30-day time frame, Pan American Silver Corp (NYSE:PAAS) is 20.94% up. Looking at the short shares, we see there were 9.12 million shares sold at short interest cover period of 3.06 days.
The consensus price target for the stock as assigned by Wall Street analysts is 23, meaning bulls need a downside of -10.13% from its recent market value. According to analyst projections, PAAS’s forecast low is 22 with 30 as the target high. To hit the forecast high, the stock’s price needs a -18.44% plunge from its current level, while the stock would need to tank 13.15% for it to hit the projected low.
Pan American Silver Corp (PAAS) estimates and forecasts
Data shows that the Pan American Silver Corp share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 36.01% over the past 6 months, a 433.33% in annual growth rate that is considerably higher than the industry average of 19.70%. Year-over-year growth is forecast to reach 20.60% up from the last financial year.
Consensus estimates given by 1 financial analysts project the company’s revenue in the current quarter to hit an average of 1B. 1 analysts are of the opinion that Pan American Silver Corp’s revenue for the current quarter will be 1.03B. The estimates for the next quarter sales put growth at 12.30%.
The 2024 estimates are for Pan American Silver Corp earnings to increase by 468.59%, but the outlook for the next 5-year period is at 9.56% per year.
PAAS Dividends
Pan American Silver Corp is expected to release its next quarterly earnings report on 2024-Nov-05. The 1.58% annual yield figure for the share gives it an annual dividend of 0.40. It is important to note, however, that the 1.58% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 1.67 per year.
Pan American Silver Corp (NYSE:PAAS)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.07% of Pan American Silver Corp shares while 61.89% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 61.93%. There are 61.89% institutions holding the Pan American Silver Corp stock share, with VAN ECK ASSOCIATES CORP the top institutional holder. As of 2024-06-30, the company held 10.2019% of the shares, roughly 37.18 million PAAS shares worth $739.23 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 3.7256% or 13.58 million shares worth $269.96 million as of 2024-06-30.
