Pan American Silver Corp (NYSE:PAAS) shares, rose in value, with the stock price up by 1.81% to the previous day’s close as strong demand from buyers drove the stock to $20.79.
Actively observing the price movement in the recent trading, the stock is buoying the session at $20.42, falling within a range of $20.675 and $21.57. The value of beta (5-year monthly) is 1.399. Referring to stock’s 52-week performance, its high was $24.27, and the low was $12.16. On the whole, PAAS has fluctuated by -2.94% over the past month.
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With the market capitalization of Pan American Silver Corp currently standing at about $7.55 billion, investors are eagerly awaiting this quarter’s results, scheduled for on 2024-Nov-05. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.92%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 3.75B, with a low estimate of 986.79M and a high estimate of 986.79M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 986.79M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that PAAS’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the price of PAAS currently trading nearly 2.74% and -1.21% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.64, while the 7-day volatility ratio is showing 4.11% which for the 30-day chart, stands at 3.22%. Furthermore, Pan American Silver Corp (PAAS)’s beta value is 1.35, and its average true range (ATR) is 0.84.
A comparison of Pan American Silver Corp (PAAS) with its peers suggests the former has fared considerably weaker in the market. PAAS showed an intraday change of 1.81% in today’s session so far, and over the past year, it grew by 28.49%%.
Data on historical trading for Pan American Silver Corp (NYSE:PAAS) indicates that the trading volumes over the past 10 days have averaged 3.15 and over the past 3 months, they’ve averaged 3.52 million. According to company’s latest data on outstanding shares, there are 364.66 million shares outstanding.
Nearly 0.19% of Pan American Silver Corp’s shares belong to company insiders and institutional investors own 58.15% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.64 million shares as on 2024-08-30, resulting in a short ratio of 2.38. The stock has risen by 27.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the PAAS stock heading into the next quarter.
