Alert: Positive Investment/Fundamental Signals (3/28/24)-Pan American Silver Corp (NYSE: PAAS)

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Pan American Silver Corp (NYSE: PAAS) has recently enjoyed extremely important positive changes in investment behavior: its shorter term price trend turned up, and the stock’s recent price rise disrupted its longer term downtrend.

Meaningful positive changes in fundamentals have recently occurred for Pan American Silver Corp (NYSE: PAAS). Positive developments: the consensus estimate for December, 2025 increased significantly, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred. Negative development: the consensus estimate for December, 2024 decreased significantly.

In light of these very positive signals we are reviewing our current Overall Rating of C. We would view the shares with optimism pending completion of this review in the next several days.

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Current PriceTarget Research Rating

With future capital returns forecasted to be above the cost of capital, PAAS is expected to be a modest Value Builder.

Pan American Silver has a current Value Trend Rating of C (Low Neutral). 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 19, resulting in the Low Neutral Value Trend Rating.

Recent Price Action

On 3/28/24, Pan American Silver Corp (NYSE: PAAS) stock enjoyed a large increase of 3.4%, closing at $15.08. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months but has risen 6.0% during the last week.

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