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Pan American Silver (PAAS) Stock Price, News & Analysis

$12.41
+0.20 (+1.64%)
(As of 02/29/2024 ET)
Today's Range
$12.36
$12.65
50-Day Range
$12.22
$16.90
52-Week Range
$12.16
$19.84
Volume
4.39 million shs
Average Volume
3.33 million shs
Market Capitalization
$4.53 billion
P/E Ratio
N/A
Dividend Yield
3.22%
Price Target
$20.42

Pan American Silver MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
64.5% Upside
$20.42 Price Target
Short Interest
Bearish
4.24% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.17mentions of Pan American Silver in the last 14 days
Based on 21 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
262.50%
From $0.24 to $0.87 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.58 out of 5 stars

Basic Materials Sector

22nd out of 172 stocks

Gold & Silver Ores Industry

5th out of 37 stocks


PAAS stock logo

About Pan American Silver Stock (NYSE:PAAS)

Pan American Silver Corp. is a prominent precious metals mining company committed to responsible mining practices. Established in 1994 and headquartered in Vancouver, Canada, the company's mission is to create value through sustainable silver and gold production while maintaining a strong focus on environmental stewardship and community engagement.

As a leading primary silver producer, Pan American Silver operates seven mines across the Americas, including Mexico, Peru, Bolivia, and Argentina. The company's diversified portfolio allows it to capitalize on opportunities in different regions, mitigating risks associated with political and economic uncertainties. Additionally, Pan American Silver holds a robust project pipeline that includes both greenfield and brownfield exploration opportunities.

The company's products consist of silver and gold concentrates sold to smelters and refiners worldwide. Pan American Silver's customer base comprises traditional industrial users and investment-oriented buyers seeking exposure to precious metals.

Pan American Silver has a proven track record of excellence in the mining industry, with numerous key achievements and milestones. The company has been recognized for its commitment to sustainability and received several awards, including the Mining Association of Canada's Towards Sustainable Mining Leadership Award and the PDAC Environmental and Social Responsibility Award.

Under the leadership of Michael Steinmann, President and Chief Executive Officer, Pan American Silver boasts a seasoned management team with extensive industry experience. Mr. Steinmann has been with the company since 2004, previously serving as Chief Operating Officer and Executive Vice President. His expertise in operational efficiency and strategic planning has been instrumental in driving the company's growth.

Pan American Silver has demonstrated good financial performance over the past few years compared to industry peers. The company's financial strength is further shown by its healthy profit margins. Pan American Silver achieved a more substantial gross margin than many of its industry peers. Furthermore, the company has maintained a strong balance sheet with manageable debt levels, but its cash position needs to be adjusted to support ongoing operations and growth initiatives.

Pan American Silver's valuation metrics reflect its strong performance and growth potential. The company's price-to-earnings compares favorably to the industry average. This suggests that the market recognizes the company's solid financial performance and growth prospects.

The factors driving Pan American Silver's valuation include its status as a leading silver producer, diversified asset base, and commitment to sustainable mining practices. The growing demand for silver and gold, driven by various industries and investment demand, positions the company well for continued success. Recent investor sentiment has been positive, reflecting optimism about the company's ability to capitalize on the prevailing precious metals market dynamics.

Pan American Silver operates in the precious metals mining industry, which is crucial in global economic stability and various sectors. The industry is subject to macroeconomic factors, such as fluctuations in commodity prices, supply and demand dynamics, and geopolitical uncertainties.

As a primary silver producer, Pan American Silver benefits from the growing demand for silver across the electronics, photovoltaics, and jewelry industries. Silver's use as a safe-haven asset and its appeal as an investment vehicle also contribute to the metal's sustained demand.

Pan American Silver faces other primary silver producers and gold mining companies that produce silver as a byproduct. The company's strategic advantage lies in its strong operational capabilities, diversified asset base, and commitment to sustainable mining practices, differentiating it from its peers. Pan American Silver's extensive experience in the Americas provides a competitive edge, as it has developed strong relationships with local communities and governments.

While the industry presents significant growth opportunities, it has challenges. Regulatory and environmental compliance, community relations, and the availability of skilled labor are some of the key challenges mining companies face. Pan American Silver's proactive approach to addressing these challenges through sustainable practices and community engagement positions it well to navigate these hurdles successfully.

Pan American Silver has identified several growth opportunities to drive its future success. The company focuses on organic growth by exploring and developing its existing assets. Ongoing investments in exploration programs aim to expand mineral resources and extend mine lives, ensuring long-term sustainability.

Pan American Silver actively evaluates strategic acquisitions that align with its growth strategy and enhance its asset portfolio. The company aims to strengthen its position as a leading primary silver producer by acquiring assets with potential upside and complementary geographies.

In addition to organic growth and acquisitions, Pan American Silver continuously seeks opportunities to optimize its operations and improve efficiency. Implementing advanced technologies, innovative mining practices, and cost management initiatives further contribute to the company's growth trajectory.

While Pan American Silver has demonstrated resilience and agility in navigating the industry's challenges, it is crucial to consider potential risks that may impact the company's performance. Fluctuations in commodity prices, particularly silver and gold, can affect the company's revenue and profitability. Changes in global economic conditions, trade policies, and geopolitical events may also impact the demand and pricing of precious metals.

The mining industry is subject to environmental and regulatory risks. Adherence to strict environmental standards, obtaining permits, and managing community relations are ongoing challenges that require careful attention. Pan American Silver's commitment to sustainability and its proactive approach to risk management help mitigate these challenges.

PAAS Stock Price History

PAAS Stock News Headlines

Is silver more precious in 2024 as gold loses luster?
The iShares Silver Trust NYSEARCA: SLV exchange-traded fund has underperformed the SPDR Gold Shares NYSEARCA: GLD over the past year, but is it time for the situation to reverse?
Is silver more precious in 2024 as gold loses luster? (PAAS)
Silver mining stocks lag amid crypto and equity rallies, although gold also pulled back. Will silver's industrial uses and affordability spark a turnaround?
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Pan American Silver (NYSE:PAAS) PT Lowered to $19.50
Pan American Silver (NYSE:PAAS) Price Target Cut to $17.50
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Pan American Silver (NYSE:PAAS) PT Lowered to $19.50 at Scotiabank
7 Low-Cost Call Options With High-Profit Potential
3 Hidden-Gem Stocks Ready to Ride a Massive Market Wave
Pan American Silver: A Higher Cost Year On Deck
Jim Cramer is Recommending These 10 Stocks
Pan American Silver Corp.
Stocks in play: Pan American Silver Corp.
3 Buy or Hold Silver Stock Options for 2024 Growth
Pan American Silver Corp's Dividend Analysis
See More Headlines
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Company Calendar

Ex-Dividend for 12/1 Dividend
11/17/2023
Dividend Payable
12/01/2023
Last Earnings
2/22/2024
Today
2/29/2024
Ex-Dividend for 3/15 Dividend
3/01/2024
Dividend Payable
3/15/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
6,200
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.42
High Stock Price Target
$27.50
Low Stock Price Target
$14.00
Potential Upside/Downside
+72.8%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
6 Analysts

Profitability

Net Income
$-103,700,000.00
Pretax Margin
-2.54%

Debt

Sales & Book Value

Annual Sales
$2.32 billion
Cash Flow
$1.44 per share
Book Value
$13.09 per share

Miscellaneous

Free Float
317,689,000
Market Cap
$4.58 billion
Optionable
Optionable
Beta
1.44
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Key Executives

  • Mr. Michael Steinmann P.Geo. (Age 58)
    Ph.D., President, CEO & Director
    Comp: $1.69M
  • Mr. Ignacio Couturier
    Chief Financial Officer
  • Mr. Steven Luis Busby (Age 64)
    Chief Operating Officer
    Comp: $764.14k
  • Mr. Christopher Lemon
    Chief Legal and Human Resources Officer & General Counsel
  • Mr. Martin G. Wafforn P.Eng. (Age 65)
    Senior Vice President of Technical Services & Process Optimization
  • Ms. Siren Fisekci
    Vice President of Investor Relations & Corporate Communications
  • Mr. George Greer
    Senior Vice President of Project Development
  • Mr. Sean McAleer
    Senior Vice President of Strategic Initiatives
  • Mr. Cameron Paterson
    Senior VP of Finance & IT
  • Mr. Brent G. J. Bergeron
    Senior Vice President of Corporate Affairs & Sustainability














PAAS Stock Analysis - Frequently Asked Questions

Should I buy or sell Pan American Silver stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Pan American Silver in the last twelve months. There are currently 1 hold rating and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" PAAS shares.
View PAAS analyst ratings
or view top-rated stocks.

What is Pan American Silver's stock price target for 2024?

6 equities research analysts have issued 12-month price targets for Pan American Silver's shares. Their PAAS share price targets range from $14.00 to $27.50. On average, they expect the company's share price to reach $20.42 in the next year. This suggests a possible upside of 64.5% from the stock's current price.
View analysts price targets for PAAS
or view top-rated stocks among Wall Street analysts.

How have PAAS shares performed in 2024?

Pan American Silver's stock was trading at $16.33 at the beginning of the year. Since then, PAAS stock has decreased by 24.0% and is now trading at $12.41.
View the best growth stocks for 2024 here
.

When is Pan American Silver's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our PAAS earnings forecast
.

How were Pan American Silver's earnings last quarter?

Pan American Silver Corp. (NYSE:PAAS) released its quarterly earnings results on Thursday, February, 22nd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.12. The basic materials company earned $669.60 million during the quarter, compared to analysts' expectations of $657.65 million. Pan American Silver had a positive trailing twelve-month return on equity of 0.44% and a negative net margin of 5.24%. During the same period in the prior year, the firm posted ($0.02) EPS.

How often does Pan American Silver pay dividends? What is the dividend yield for Pan American Silver?

Pan American Silver announced a quarterly dividend on Wednesday, February 21st. Stockholders of record on Monday, March 4th will be paid a dividend of $0.10 per share on Friday, March 15th. This represents a $0.40 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, March 1st.
Read our dividend analysis for PAAS
.

Is Pan American Silver a good dividend stock?

Pan American Silver (NYSE:PAAS) pays an annual dividend of $0.40 per share and currently has a dividend yield of 3.20%.
Read our dividend analysis for PAAS.

Who are Pan American Silver's major shareholders?

Pan American Silver's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Van ECK Associates Corp (12.57%), Vanguard Group Inc. (3.58%), FIL Ltd (3.01%), Mirae Asset Global Investments Co. Ltd. (2.19%), Nuveen Asset Management LLC (1.11%) and Norges Bank (1.06%).

How do I buy shares of Pan American Silver?

Shares of PAAS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:PAAS) was last updated on 2/29/2024 by MarketBeat.com Staff