We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Pan American Silver (PAAS) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
In the latest market close, Pan American Silver (PAAS - Free Report) reached $24.20, with a +1.42% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.35%.
The silver mining company's shares have seen an increase of 14.44% over the last month, surpassing the Basic Materials sector's gain of 5.86% and the S&P 500's gain of 1.02%.
The investment community will be closely monitoring the performance of Pan American Silver in its forthcoming earnings report. The company is scheduled to release its earnings on February 19, 2025. The company is predicted to post an EPS of $0.36, indicating a 1000% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $813.54 million, up 21.5% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Pan American Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.71% decrease. Right now, Pan American Silver possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Pan American Silver is currently being traded at a Forward P/E ratio of 18.14. This represents a premium compared to its industry's average Forward P/E of 17.92.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 10, positioning it in the top 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Pan American Silver (PAAS) Outpaces Stock Market Gains: What You Should Know
In the latest market close, Pan American Silver (PAAS - Free Report) reached $24.20, with a +1.42% movement compared to the previous day. The stock outpaced the S&P 500's daily gain of 0.72%. Elsewhere, the Dow gained 0.3%, while the tech-heavy Nasdaq added 1.35%.
The silver mining company's shares have seen an increase of 14.44% over the last month, surpassing the Basic Materials sector's gain of 5.86% and the S&P 500's gain of 1.02%.
The investment community will be closely monitoring the performance of Pan American Silver in its forthcoming earnings report. The company is scheduled to release its earnings on February 19, 2025. The company is predicted to post an EPS of $0.36, indicating a 1000% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $813.54 million, up 21.5% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Pan American Silver. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.71% decrease. Right now, Pan American Silver possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Pan American Silver is currently being traded at a Forward P/E ratio of 18.14. This represents a premium compared to its industry's average Forward P/E of 17.92.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 10, positioning it in the top 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.