Pan American Silver Corp (NYSE: PAAS) has benefited from important positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.
Pan American Silver Corp (NYSE: PAAS) has benefited from notable positive changes in investment behavior: the stock’s recent price rise disrupted its longer term downtrend.
In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.
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 A (Highest Rating). The Value Trend Rating reflects consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Pan American Silver has a slightly positive Appreciation Score of 63 and a good Power Rating of 83, resulting in the Highest Value Trend Rating.
Recent Price Action
Pan American Silver Corp (NYSE: PAAS) stock increased 1.9% on 6/5/24. The shares closed at $20.60. However, trading volume in this advance was unusually low at 59% of normal. The stock has been strong relative to the market over the last nine months but has declined -9.0% during the last week.
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