Pan American Silver Corp (NYSE: PAAS) Recovers 56.09% From 52-Week Low, Is PAAS Still A High-Risk, High-Reward Play?

Pan American Silver Corp (NYSE:PAAS) currently has a daily average trading volume of 3.67M but it saw 2898212 shares traded in last market. With a market cap of 6.89B USD, the company’s current market price of $18.98 came falling about -0.89 while comparing to the previous closing price of $19.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $24.27 and as low as $12.16. In the recent trading on the day, stock has struck highest price mark of $18.86 while lowest mark touched by it was $19.23.

Taking a look at 20-day trading activity of Pan American Silver Corp (PAAS) gives us an average price of $20.25, while its current price level is -21.80% below from 52-week high level whereas it is 56.09% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $21.16 while that of 200 days or SMA-200 reads an average of $17.63. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.86% during that period while stretching the period over a month that increases to 3.59%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 36.72 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Jefferies which initiated the stock as “Hold” in its note to investors issued on February 29, 2024, recommending a price target of $14 for it. RBC Capital Mkts issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $19 and $22.

Over the week, PAAS’s stock price is moving -10.47% down while it is -3.75% when we observe its performance for the past one month. Year-to-date it is 16.23% up and over the past year, the stock is showing an upside performance of 16.58%.

Currently, Pan American Silver Corp’s total number of outstanding shares is 364.66M. Company’s return on investment (ROI) stands at -2.35% and return on equity (ROE) at -2.65%. It has a 13.28 of forward P/E ratio. Stock’s beta reads 1.35. Stock has a price to book (P/B) ratio of 1.49 while price to sale or P/S ratio amounts to 2.68. Its return on asset (ROA) is -1.58% on average.