Pan American Silver Corp. (NYSE: PAAS) stock jumped 1.80% on Tuesday to $15.82 against a previous-day closing price of $15.54. With 3.06 million shares changed hands, the volume of the stock remained lighter than its average volume of 5.01 million shares. During the session, the Gold company that operates in wider Basic Materials sector, reached to the highest price of $15.86 whereas the lowest price it dropped to was $15.36. The 52-week range on PAAS shows that it touched its highest point at $24.20 and its lowest point at $13.40 during that stretch. It currently has a 1-year price target of $24.43. Beta for the stock currently stands at 1.22.
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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 down-trending over the past week, with a drop of -2.29%, but this was down by -8.34% over a month. Three-month performance surged to 0.38% while six-month performance rose 6.60%. The stock lost -29.33% in the past year, while it has lost -3.18% so far this year. A look at the trailing 12-month EPS for PAAS yields -1.91 with Next year EPS estimates of 0.94. For the next quarter, that number is 0.09. This implies an EPS growth rate of -450.60% for this year and 110.56% for next year.
Float and Shares Shorts:
At present, 210.68 million PAAS shares are outstanding with a float of 210.28 million shares on hand for trading. On Apr 27, 2023, short shares totaled 11.48 million, which was 3.15% higher than short shares on Mar 14, 2023. In addition to Mr. Michael Steinmann P.GEO, P.Geo., Ph.D. as the firm’s Pres, CEO & Director, Mr. Ignacio Couturier serves as its Chief Financial Officer.
Through their ownership of 40.62% of PAAS’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 45.26% of PAAS, in contrast to 18.97% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in PAAS with 11.34% of the stake, Van Eck Associates Corp. holds 41,307,528 shares worth 41,307,528. A second-largest stockholder of PAAS, BlackRock Investment Management, holds 9,407,481 shares, controlling over 2.58% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PAAS, holding 9,127,498 shares or 2.51% stake. With a 5.64% stake in PAAS, the VanEck Gold Miners ETF is the largest stakeholder. A total of 20,562,700 shares are owned by the mutual fund manager. The VanEck Junior Gold Miners ETF, which owns about 4.50% of PAAS stock, is the second-largest Mutual Fund holder. It holds 16,412,389 shares valued at 292.3 million. Global X Silver Miners ETF holds 2.19% of the stake in PAAS, owning 7,983,717 shares worth 142.19 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Mar 30, 2023, PAAS reported revenue of $340.47M and operating income of -$56.49M. The EBITDA in the recently reported quarter was $17.26M and diluted EPS was -$0.83.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PAAS since 0 analysts follow the stock currently. 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 $30.00 and a low target of $21.00, the average target price over the next 12 months is $24.43. Based on these targets, PAAS could surge 89.63% to reach the target high and rise by 32.74% to reach the target low. Reaching the average price target will result in a growth of 54.42% 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.