Why Pan American Silver Corp’s (PAAS) Stock Is Up 6.81%

By AAII Staff
April 09, 2024
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Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Pan American Silver Corp before investing.

In this article, we go over a few key elements for understanding Pan American Silver Corp’s stock price such as:

  • Pan American Silver Corp’s current stock price and volume
  • Why Pan American Silver Corp’s stock price changed recently
  • Upgrades and downgrades for PAAS from analysts
  • PAAS’s stock price momentum as measured by its relative strength

About Pan American Silver Corp (PAAS)

Before we jump into Pan American Silver Corp’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Pan American Silver Corp. is a Canada-based company, which is engaged in silver and gold mining and related activities, including exploration, mine development, extraction, processing, refining and reclamation. The Company is engaged in the production and sale of silver, gold, zinc, lead and copper, as well as other related activities, including exploration, extraction, processing, refining and reclamation. The Company owns and operates silver and gold mines located in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The Company operates through three segments: Silver Segment, Gold Segment, and Other Segment. Its Silver Segment includes La Colorada, Cerro Moro, Escobal, Huaron, San Vicente, and Manantial Espejo. Its Gold segment includes Jacobina, El Penon, Timmins, Shahuindo, La Arena, Minera Florida, and Dolores. Its Other segment includes Pas Corp, Navidad and other.

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Pan American Silver Corp’s Stock Price as of Market Close

As of April 09, 2024, 4:00 PM, CST, Pan American Silver Corp’s stock price was $19.30.

Pan American Silver Corp is up 6.81% from its previous closing price of $18.07.

During the last market session, Pan American Silver Corp’s stock traded between $17.55 and $18.28. Currently, there are 364.91 million shares of Pan American Silver Corp stock available for purchase.

Unfortunately, Pan American Silver Corp’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Pan American Silver Corp Stock Price History

Pan American Silver Corp’s (PAAS) price is currently up 27.98% so far this month.

During the month of April, Pan American Silver Corp’s stock price has reached a high of $19.41 and a low of $15.10.

Over the last year, Pan American Silver Corp has hit prices as high as $19.85 and as low as $12.16. Year to date, Pan American Silver Corp’s stock is up 18.12%.

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What Caused Pan American Silver Corp Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of April 08, 2024, there were 0 analysts who downgraded Pan American Silver Corp’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Pan American Silver Corp’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Pan American Silver Corp’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Pan American Silver Corp’s current valuation based on AAII’s Value Grade is a D, which means it is considered to be Expensive.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Pan American Silver Corp (PAAS) by visiting AAII Stock Evaluator.

Relative Price Strength of Pan American Silver Corp

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of April 08, 2024, Pan American Silver Corp has a weighted four-quarter relative price strength of -3.64%, which translates to a Momentum Score of 56 and is considered to be Average.

Want to learn more about how Pan American Silver Corp is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Pan American Silver Corp Stock Price: Bottom Line

As of April 9, 2024, Pan American Silver Corp’s stock price is $19.30, which is up 6.81% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Pan American Silver Corp stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.

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