Let’s look at the key reasons that are pushing Pan American Silver Corp (PAAS) to new highs

On Monday, Pan American Silver Corp (NYSE: PAAS) opened higher 0.70% from the last session, before settling in for the closing price of $21.36. Price fluctuations for PAAS have ranged from $12.16 to $24.27 over the past 52 weeks.

Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.

Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!

Get the FREE Report with all the details here.


Sponsored

Over the past five-year period, the growth rate of yearbook sales for the company of the Basic Materials sector was 27.95%. Company’s average yearly earnings per share was noted 451.92% at the time writing. With a float of $362.33 million, this company’s outstanding shares have now reached $364.66 million.

Considering the fact that the conglomerate employs 19920 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 12.66%, operating margin of 5.55%, and the pretax margin is 2.06%.

Pan American Silver Corp (PAAS) Breakdown of a Key Holders of the stock

A key investor’s attitude towards the stock of the Gold industry is another important factor to consider. The insider ownership of Pan American Silver Corp is 0.19%, while institutional ownership is 57.98%.

Pan American Silver Corp (PAAS) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.01 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.11) by -0.1. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.38 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 451.92% per share during the next fiscal year.

Pan American Silver Corp (NYSE: PAAS) Trading Performance Indicators

Check out the current performance indicators for Pan American Silver Corp (PAAS). In the past quarter, the stock posted a quick ratio of 0.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.03. Likewise, its price to free cash flow for the trailing twelve months is 68.34.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.35, a number that is poised to hit 0.22 in the next quarter and is forecasted to reach 1.52 in one year’s time.

Technical Analysis of Pan American Silver Corp (PAAS)

Compared to the last year’s volume of 4.12 million, its volume of 2.65 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 41.94%. Additionally, its Average True Range was 0.83.

During the past 100 days, Pan American Silver Corp’s (PAAS) raw stochastic average was set at 56.94%, which indicates a significant increase from 46.54% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 42.19% in the past 14 days, which was lower than the 48.15% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $20.67, while its 200-day Moving Average is $18.25. Nevertheless, the first resistance level for the watch stands at $22.03 in the near term. At $22.54, the stock is likely to face the second major resistance level. The third major resistance level sits at $22.93. If the price goes on to break the first support level at $21.13, it is likely to go to the next support level at $20.74. Now, if the price goes above the second support level, the third support stands at $20.23.

Pan American Silver Corp (NYSE: PAAS) Key Stats

There are currently 362,963K shares outstanding in the company with a market cap of 7.81 billion. Presently, the company’s annual sales total 2,316 M according to its annual income of -103,700 K. Last quarter, the company’s sales amounted to 686,300 K and its income totaled -21,900 K.