The Stock Of The Week: Pan American Silver Corp. (PAAS)

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As of Wednesday close, Pan American Silver Corp.’s (NASDAQ:PAAS) stock was up $0.35, moving up 2.24 percent to $16.00. The average number of shares traded per day over the past five days has been 4,058,560 shares. 4 times new highs have been achieved over the past 5 days, with a $1.27 gain in that time frame. In the last twenty days, the average volume was 6,574,375, while in the previous 50 days, it was 4,094,956.

Since last month, PAAS stock retreated -0.19%. Shares of the company fell to $13.40 on 11/09/22, the lowest level in the past month. A 52-week high of $30.51 was reached on 04/18/22 after having rallying from a 52-week low of $13.40. Since the beginning of this year, PAAS’s stock price has dropped by -35.78% or -$8.97, and marked a new high 16 times. However, the stock has declined by -47.57% since its 52-week high.


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Valuation Metrics

The stock’s beta is 1.15. Besides these, the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 1.43.

The latest dividend of $0.10 per share was paid out, which is -16.67% less than last year’s $0.12. On Wednesday November 9 2022, a $0.02 dividend decrease was announced.

Financial Health

In the three months ended June 29, Pan American Silver Corp.’s quick ratio stood at 1.00, while its current ratio was 2.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.02, and the total debt-to-equity ratio was 0.03. On the profitability front, the trailing twelve-month gross margin is 5.80% percent. In the year ended June 29, operating margins totaled -4.00%. Based on annual data, PAAS earned $675.49 million in gross profit and brought in $1.63 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.50%. Return on equity (ROE) for the past 12 months was -6.10%.

According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. PAAS’s revenue rose 41.92% during the quarter, while net income inched up to $1.35 billion. While analysts expected Pan American Silver Corp. to report $0.34 quarterly earnings, the actual figure was $0.22 per share, beating the consensus estimate by -35.30%. During the quarter, the company generated $33.97 million in EBITDA. The liabilities of Pan American Silver Corp. were 836.52 million at the end of its most recent quarter ended June 29, and its total debt was $84.01 million.

Technical Picture

This quick technical analysis looks at Pan American Silver Corp.’s (PAAS) price momentum. With a historical volatility rate of 46.74%, the RSI 9-day stood at 61.14% on 23 November.

With respect to its five-day moving average, the current Pan American Silver Corp. price is up by +8.62% percent or $1.27. At present, PAAS shares trade -3.38% below its 20-day simple moving average and -14.48% percent below its 100-day simple moving average. However, the stock is currently trading approximately -0.31% below its SMA50 and -30.68% below its SMA200.

Stochastic coefficient K was 75.09% and Stochastic coefficient D was 57.21%, while ATR was 0.75. Given the Stochastic reading of 97.01% for the 14-day period, the RSI (14) reading has been calculated as 55.75%. As of today, the MACD Oscillator reading stands at 0.37, while the 14-day reading stands at 0.53.

Analyst Ratings

Canaccord Genuity upgraded its rating on Pan American Silver Corp. (NASDAQ: PAAS) to a Buy in a note to investors on May 12, 2022. The analysts firm previously had a Hold rating on the stock.Pan American Silver Corp. (PAAS) has been rated Buy by analysts. According to 0 brokerage firms, PAAS is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Pan American Silver Corp. stock as buy, with 6 recommending it as overweight.

With a median target price of $20.99, the current consensus forecast for the stock is $18.00 – $26.00. Based on these forecasts, analysts predict Pan American Silver Corp. (PAAS) will achieve an average price target of $21.68.

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