Pan American Silver (PAAS) has risen sharply, recording gains of 4.68% in the past 4 weeks. However, the stock has corrected -1.44% 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 2.14% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Pan American Silver (NASDAQ:PAAS): The stock opened at $19.26 on Friday but the bulls could not build on the opening and the stock topped out at $19.30 for the day. The stock traded down to $18.89 during the day, due to lack of any buying support eventually closed down at $19.22 with a loss of -3.08% for the day. The stock had closed at $19.83 on the previous day. The total traded volume was 2,174,510 shares.
The stock has recorded a 20-day Moving Average of 2.24% and the 50-Day Moving Average is 14.82%. Pan American Silver Corp. is up 27.4% in the last 3-month period. Year-to-Date the stock performance stands at 196.36%.
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 $14.86. The maximum price target given is $19 and the minimum target for short term is around $11, hence the standard deviation is calculated at $3.01.
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.