Pan American Silver (PAAS) closed the most recent trading day at $45.45, moving +1.02% from the previous trading session. This change outpaced the S&P 500’s 0.05% loss on the day. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 0.24%.
The silver mining company’s stock has dropped by 18.44% in the past month, falling short of the Basic Materials sector’s loss of 2.52% and the S&P 500’s loss of 1.42%.
The upcoming earnings release of Pan American Silver will be of great interest to investors. It is anticipated that the company will report an EPS of $1.03, marking a 139.53% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.25 billion, indicating a 53.56% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.47 per share and a revenue of $5.04 billion, signifying shifts of +75.98% and +39.17%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Pan American Silver. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts’ favorable outlook on the business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.93% downward. Right now, Pan American Silver possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Pan American Silver currently has a Forward P/E ratio of 10.06. This expresses a discount compared to the average Forward P/E of 10.1 of its industry.
Also, we should mention that PAAS has a PEG ratio of 0.37. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company’s anticipated earnings growth rate. The Mining – Silver industry currently had an average PEG ratio of 0.37 as of yesterday’s close.
The Mining – Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 93, putting it in the top 39% of all 250+ industries.
