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Why the Market Dipped But Pan American Silver (PAAS) Gained Today
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In the latest trading session, Pan American Silver (PAAS - Free Report) closed at $57.64, marking a +1.39% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.11%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.35%.
Shares of the silver mining company have depreciated by 5.36% over the course of the past month, underperforming the Basic Materials sector's gain of 0.68%, and the S&P 500's gain of 0.51%.
The investment community will be closely monitoring the performance of Pan American Silver in its forthcoming earnings report. The company is forecasted to report an EPS of $1.12, showcasing a 166.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.29 billion, indicating a 66.76% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.47 per share and revenue of $5.21 billion. These totals would mark changes of +75.98% and +43.92%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pan American Silver. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 3.67% rise in the Zacks Consensus EPS estimate. Pan American Silver is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Pan American Silver is currently being traded at a Forward P/E ratio of 12.72. For comparison, its industry has an average Forward P/E of 20.06, which means Pan American Silver is trading at a discount to the group.
Also, we should mention that PAAS has a PEG ratio of 0.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Mining - Silver industry was having an average PEG ratio of 0.47.
The Mining - Silver industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Why the Market Dipped But Pan American Silver (PAAS) Gained Today
In the latest trading session, Pan American Silver (PAAS - Free Report) closed at $57.64, marking a +1.39% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.11%. At the same time, the Dow lost 0.56%, and the tech-heavy Nasdaq gained 0.35%.
Shares of the silver mining company have depreciated by 5.36% over the course of the past month, underperforming the Basic Materials sector's gain of 0.68%, and the S&P 500's gain of 0.51%.
The investment community will be closely monitoring the performance of Pan American Silver in its forthcoming earnings report. The company is forecasted to report an EPS of $1.12, showcasing a 166.67% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $1.29 billion, indicating a 66.76% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.47 per share and revenue of $5.21 billion. These totals would mark changes of +75.98% and +43.92%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Pan American Silver. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 3.67% rise in the Zacks Consensus EPS estimate. Pan American Silver is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, Pan American Silver is currently being traded at a Forward P/E ratio of 12.72. For comparison, its industry has an average Forward P/E of 20.06, which means Pan American Silver is trading at a discount to the group.
Also, we should mention that PAAS has a PEG ratio of 0.47. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Mining - Silver industry was having an average PEG ratio of 0.47.
The Mining - Silver industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 35% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.