Stock Rating Upgrade
The Value Trend Rating for Pan American Silver Corp (NYSE: PAAS) improved in recent days from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Pan American Silver Corp (NYSE: PAAS) stock declined modestly by -1.3% on 3/8/24. The stock closed at $13.83. Trading volume in this decline was normal. The stock has been weak relative to the market over the last nine months but has risen 11.4% during the last week.
Current PriceTarget Research Rating
PAAS is expected to be a modest Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Pan American Silver has a current Value Trend Rating of C (Low Neutral). This VT Rating improved in recent days from D previously. The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Pan American Silver has a good Appreciation Score of 74 but a poor Power Rating of 22, and the Low Neutral Value Trend Rating results.
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