Pan American Silver (PAAS) has risen sharply, recording gains of 19.12% in the past 4 weeks. However, the stock has corrected -4.36% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Pan American Silver (NASDAQ:PAAS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $17.89 and $17.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $18.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $18.19, notching a gain of 0.06% for the day. The total traded volume was 2,020,234 . The stock had closed at $18.18 on the previous day.
The stock has recorded a 20-day Moving Average of 3.98% and the 50-Day Moving Average is 14.01%. Pan American Silver Corp. is up 31.64% in the last 3-month period. Year-to-Date the stock performance stands at 180.48%.
Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Companys principal product is silver, and also produces and sells gold, zinc, lead, and copper. It is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Companys principal products and sources of sales are silver and gold ore, as well as silver bearing zinc, lead, and copper concentrates. It operates, among others, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines.