Stocks

Why Pan American Silver Corp stock is sliding today

By Wealth Awesome Newsroom -
Stocks & ETFs:PAAS.TO
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Pan American Silver Corp's stock has taken a hit, dropping 2.18% in the last trading session.

In a disappointing turn for investors, Pan American Silver Corp (PAAS.TO) saw its stock price decrease by 2.18% during the most recent trading session, closing at CA$67.91. This decline comes amidst a broader market context where the Basic Materials sector has shown resilience, leaving PAAS trailing behind its peers.

Investor takeaway: Investors should be cautious as Pan American Silver's recent performance indicates potential underlying issues, particularly as it struggles to keep pace with sector gains.

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Pan American Silver Corp

PAAS.TO

Full stock page โ†’

PAAS.TO

Pan American Silver Corp

Source:WealthAwesomeWealthAwesome
โ†“ $27.10 (-30.68%)
120 day period
$60.35$76.97$93.58Jan 23Apr 21Jul 15

Market cap

$25.83B

P/E

13.6x

52W high

$94.82

52W low

$36.46

1W change

+1.47%

Beta

1.54

Analyst Price Targets

Based on analyst covering PAAS

๐Ÿ“ˆ

Wall Street analysts forecast PAAS stock price to rise 57.0% over the next 12 months.

Consensus

Bullish

Based on avg. target vs last close (formal rating unavailable for Canadian listings)

Avg. Target

C$96.13

+57.0% Upside

Current Price

C$61.24

Last close

Analyst ratings and price targets are updated periodically. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on PAAS's historical volatility

HistoricalForecast68%95%
C$25.04C$40.97C$56.91C$72.84C$88.78C$104.72TodayMar 9May 12Jul 15Aug 27Oct 10Nov 22

30-Day Vol

57.4%

Annualized

90-Day Vol

56.4%

Annualized

Trend (90d)

-50.0%

Annualized drift

90d Mean

C$51.23

Expected price

HorizonExpected68% Range (1ฯƒ)
30 trading daysC$57.70C$47.34 โ€“ C$70.33
60 trading daysC$54.37C$41.10 โ€“ C$71.92
90 trading daysC$51.23C$36.36 โ€“ C$72.17

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ยฑ1ฯƒ, 95% band = ยฑ2ฯƒ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Pan American Silver Corp's stock down 2.18% today

The stock has underperformed the Basic Materials sector, which gained 3.28% over the same period.

Bull case

Despite the recent downturn, analysts have upgraded Pan American Silver to a Zacks Rank #2 (Buy). This suggests that the company may still have strong earnings potential moving forward.

Bear case

The stock's recent decline of 2.18% reflects a broader trend of underperformance, with a 7.65% drop over the past month. This indicates a possible lack of investor confidence.

Market Performance Overview

In the last trading session, Pan American Silver Corp's stock fell by 2.18%, closing at CA$67.91. This decline is notable as it contrasts sharply with the Basic Materials sector's positive performance, which has seen a gain of 3.28% over the past month. Investors are now questioning the sustainability of Pan American Silver's growth amidst these contrasting trends.

Analyst Outlook and Earnings Potential

Despite the recent stock slide, analysts have upgraded Pan American Silver to a Zacks Rank #2 (Buy), indicating a positive outlook based on expected earnings growth. The company is projected to report an EPS of $1.08, reflecting a significant year-over-year increase. However, the recent performance raises questions about whether this optimism will translate into actual stock price recovery.

Investor Sentiment and Future Considerations

The recent downturn in Pan American Silver's stock price may signal a shift in investor sentiment, particularly as the company struggles to keep pace with its sector. With a market cap of CA$29.97 billion and a profit margin of 31.65%, investors will need to closely monitor upcoming earnings reports and analyst estimates to gauge the stock's future trajectory.

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