On 5/9/24, Pan American Silver Corp (NYSE: PAAS) stock enjoyed a major increase of 10.7%, closing at $20.63. Moreover, this advance was accompanied by exceptionally high trading volume at 205% of normal. The stock has performed in line with the market over the last nine months and has risen 11.1% during the last week.
Current PriceTarget Research Rating
PAAS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to be a modest Value Builder.
Pan American Silver has a current Value Trend Rating of B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Pan American Silver has a neutral Power Rating of 60 but a good Appreciation Score of 72, leading to the Positive Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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