Pan American Silver Corp (NYSE:PAAS) shares, rose in value, with the stock price up by 5.84% to the previous day’s close as strong demand from buyers drove the stock to $22.46.
Actively observing the price movement in the last trading, the stock closed the session at $21.22, falling within a range of $21.15 and $22.56. The value of beta (5-year monthly) was 1.398. 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 16.43% over the past month.
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With the market capitalization of Pan American Silver Corp currently standing at about $8.15 billion, investors are eagerly awaiting this quarter’s results, scheduled for in November. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.78%.
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 100% Buy 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 4.99% and 8.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 61.16, while the 7-day volatility ratio is showing 3.54% which for the 30-day chart, stands at 3.65%. Furthermore, Pan American Silver Corp (PAAS)’s beta value is 1.34, and its average true range (ATR) is 0.81.
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 5.84% in last session, and over the past year, it grew by 56.95%%.
Data on historical trading for Pan American Silver Corp (NYSE:PAAS) indicates that the trading volumes over the past 10 days have averaged 2.55 and over the past 3 months, they’ve averaged 3.46 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 58.10% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 9.12 million shares as on 2024-09-30, resulting in a short ratio of 3.06. The stock has risen by 37.54% 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.
