Pan American Silver Corp (NYSE:PAAS) shares, rose in value, with the stock price up by 3.39% to the previous day’s close as strong demand from buyers drove the stock to $22.56.
Actively observing the price movement in the recent trading, the stock is buoying the session at $21.82, falling within a range of $22.36 and $22.78. The value of beta (5-year monthly) is 1.41. Referring to stock’s 52-week performance, its high was $26.05, and the low was $12.16. On the whole, PAAS has fluctuated by 9.62% over the past month.
With the market capitalization of Pan American Silver Corp currently standing at about $8.19 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 0.40, with its dividend yield at 1.77%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.82B, with a low estimate of 791.57M and a high estimate of 814M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 802.78M.
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 50% Sell 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 6.51% and 3.89% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 60.57, while the 7-day volatility ratio is showing 2.93% which for the 30-day chart, stands at 2.82%. Furthermore, Pan American Silver Corp (PAAS)’s beta value is 1.27, and its average true range (ATR) is 0.77.
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 3.39% in today’s session so far, and over the past year, it grew by 61.14%%.
Data on historical trading for Pan American Silver Corp (NYSE:PAAS) indicates that the trading volumes over the past 10 days have averaged 2.83 and over the past 3 months, they’ve averaged 3.18 million. According to company’s latest data on outstanding shares, there are 363.00 million shares outstanding.
Nearly 0.17% of Pan American Silver Corp’s shares belong to company insiders and institutional investors own 56.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 8.31 million shares as on 2024-12-31, resulting in a short ratio of 2.5. The stock has risen by 11.57% 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.
