Large Inflow of Money Witnessed in Pan American Silver

Pan American Silver (PAAS) : Thursdays money flow data in Pan American Silver (PAAS) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $3.31 million, whereas, $2.65 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.25, in favor of the bulls. The total money flow into the stock was $0.66 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $0.88 million. The total value of block trades done on upticks was $0.88 million. Pan American Silver (PAAS) fell $0.64 and traded at $17.72, down -3.49% for the day, over previous days close. On a weekly basis, the shares are 1.84% over the previous weeks close.


Pan American Silver (PAAS) : 7 Wall Street analysts covering Pan American Silver (PAAS) believe that the average level the stock could reach for the short term is $14.04. The maximum price target given is $18 and the minimum target for short term is around $11, hence the standard deviation is calculated at $2.53. The stock has recorded a 20-day Moving Average of 12.32% and the 50-Day Moving Average is 16.15%.

Pan American Silver (NASDAQ:PAAS): The stock opened at $17.98 on Thursday but the bulls could not build on the opening and the stock topped out at $18.10 for the day. The stock traded down to $17.44 during the day, due to lack of any buying support eventually closed down at $17.57 with a loss of -4.30% for the day. The stock had closed at $18.36 on the previous day. The total traded volume was 4,532,975 shares.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.