Price Action Report: What’s Ahead for Pan American Silver Corp. (USA) After Today’s Big Decline?

Price Action Report: What's Ahead for Pan American Silver Corp. (USA) After Today's Big Decline?

The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) is a huge mover today! The stock decreased 6.78% or $1.2 on November 23, hitting $16.51. About 3.35 million shares traded hands or 18.37% up from the average. Pan American Silver Corp. (USA) (NASDAQ:PAAS) has risen 19.38% since April 22, 2016 and is uptrending. It has outperformed by 13.97% the S&P500.
The move comes after 8 months negative chart setup for the $2.63B company. It was reported on Nov, 24 by Barchart.com. We have $16.01 PT which if reached, will make NASDAQ:PAAS worth $78.90 million less.

Analysts await Pan American Silver Corp. (USA) (NASDAQ:PAAS) to report earnings on February, 16. They expect $0.11 earnings per share, up 191.67% or $0.23 from last year’s $-0.12 per share. PAAS’s profit will be $17.52 million for 37.52 P/E if the $0.11 EPS becomes a reality. After $0.24 actual earnings per share reported by Pan American Silver Corp. (USA) for the previous quarter, Wall Street now forecasts -54.17% negative EPS growth.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) Ratings Coverage

Out of 7 analysts covering Pan American Silver Corp. (NASDAQ:PAAS), 5 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 71% are positive. Pan American Silver Corp. has been the topic of 21 analyst reports since August 13, 2015 according to StockzIntelligence Inc. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) has “Outperform” rating given on Thursday, May 12 by BMO Capital Markets. The firm has “Market Perform” rating given on Monday, March 14 by BMO Capital Markets. On Friday, September 18 the stock rating was initiated by FBR Capital with “Outperform”. The stock of Pan American Silver Corp. (USA) (NASDAQ:PAAS) earned “Buy” rating by Canaccord Genuity on Tuesday, November 15. The rating was upgraded by Deutsche Bank on Monday, October 3 to “Buy”. The rating was maintained by FBR Capital with “Mkt Perform” on Wednesday, July 20. The rating was downgraded by Deutsche Bank to “Hold” on Wednesday, March 23. Raymond James upgraded the stock to “Outperform” rating in Monday, June 27 report. IBC upgraded the stock to “Outperformer” rating in Friday, April 8 report. The rating was upgraded by Bank of America on Tuesday, November 22 to “Buy”.

According to Zacks Investment Research, “PAN AMER SILVER is a mining company focused exclusively on silver. Pan American Silver Corp. is founded upon a single mission, to become the best vehicle for equity investors wanting to gain real exposure to higher silver prices. To accomplish this they are striving to increase their low-cost silver production, to have the most successful silver exploration programs, to hold the largest silver reserves and resources, and to be the purest of the world’s large silver producers.”

PAAS Company Profile

Pan American Silver Corp. (Pan American), incorporated on March 7, 1979, is engaged in the production and sale of silver, gold and base metals including copper, lead and zinc, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company’s primary product (silver) is produced in Peru, Mexico, Argentina and Bolivia. The Firm has project development activities in Peru, Mexico and Argentina, and exploration activities throughout South America, Mexico, and the United States. The Company’s properties consist of the Huaron and Morococha mines located in Peru, the Alamo Dorado, La Colorada and Dolores mines located in Mexico, the San Vicente mine located in Bolivia and the Manantial Espejo mine located in Argentina. The Company’s subsidiaries include Pan American Silver Huaron S.A. (PAS Huaron), Compania Minera Argentum S.A., Minera Corner Bay S.A. de C.V., Plata Panamericana S.A. de C.V., Compania Minera Dolores S.A. de C.V., Minera Triton Argentina S.A. (MTA), Pan American Silver (Bolivia) S.A. (PASB) and Minera Argenta S.A.

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