Pan American Silver Corp. (NASDAQ: PAAS) stock fell -2.34% on Friday to $19.59 against a previous-day closing price of $20.06. With 1.77 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.18 million shares. During the session, the Silver company that operates in wider Basic Materials sector, reached to the highest price of $20.19 whereas the lowest price it dropped to was $19.35. The 52-week range on PAAS shows that it touched its highest point at $30.53 and its lowest point at $17.26 during that stretch. With its current market cap of 3.91 billion, PAAS has annualized dividend of $0.40 while the current yield stands at 2.04%. Beta for the stock currently stands at 1.22.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PAAS was up-trending over the past week, with a rise of 1.29%, but this was up by 4.70% over a month. Three-month performance dropped to -22.13% while six-month performance fell -11.93%. The stock lost -29.77% in the past year, while it has lost -21.41% so far this year. A look at the trailing 12-month EPS for PAAS yields 0.86 with Next year EPS estimates of 1.15. For the next quarter, that number is 0.15. This implies an EPS growth rate of -45.30% for this year and 85.51% for next year. EPS is expected to grow by 17.14% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -6.70%.
Float and Shares Shorts:
At present, 210.46 million PAAS shares are outstanding with a float of 210.26 million shares on hand for trading. On Jul 14, 2022, short shares totaled 6.68 million, which was 3.17% higher than short shares on Jun 14, 2022. In addition to Mr. Michael Steinmann P.GEO, P.Geo., Ph.D. as the firm’s Pres, CEO & Director, Mr. Steven Luis Busby serves as its Chief Operating Officer.
Through their ownership of 53.66% of PAAS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 9.19% of PAAS, in contrast to 38.60% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PAAS with 10.64% of the stake, Van Eck Associates Corp. holds 22,401,326 shares worth 22,401,326. A second-largest stockholder of PAAS, The Vanguard Group, Inc., holds 5,001,182 shares, controlling over 2.38% of the firm’s shares. ETF Managers Group LLC is the third largest shareholder in PAAS, holding 4,108,013 shares or 1.95% stake. With a 5.27% stake in PAAS, the VanEck Gold Miners ETF is the largest stakeholder. A total of 11,095,965 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.40% of PAAS stock, is the second-largest Mutual Fund holder. It holds 9,254,455 shares valued at 182.04 million. Global X Silver Miners ETF holds 2.17% of the stake in PAAS, owning 4,556,576 shares worth 89.63 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAAS since 9 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PAAS analysts setting a high price target of $36.00 and a low target of $22.00, the average target price over the next 12 months is $26.60. Based on these targets, PAAS could surge 83.77% to reach the target high and rise by 12.3% to reach the target low. Reaching the average price target will result in a growth of 35.78% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PAAS will report FY 2022 earnings on 02/22/2023. Analysts have provided yearly estimates in a range of $0.80 being high and $0.32 being low. For PAAS, this leads to a yearly average estimate of $0.61. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Pan American Silver Corp. surprised analysts by -$0.07 when it reported $0.15 EPS against a consensus estimate of $0.22. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.10. The average estimate for the next quarter is thus $0.15.
Dividends & Yield:
In terms of dividends, PAAS has a current ratio of $0.44, which is $0.44 over the trailing 12-months, while a dividend of $0.19 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and PAAS currently yields $2.25. In the past year, PAAS’s dividend yield has been $2.25, but when looking at the stock over the past five years, its yield has been $0.88.
Summary of Insider Activity:
Insiders traded PAAS stock several times over the past three months with 8 Buys and 0 Sells. In these transactions, 16,536 shares were bought while 0 shares were sold. The number of buy transactions has increased to 45 while that of sell transactions has risen to 48 over the past year. The total number of shares bought during that period was 222,176 while 109,132 shares were sold.