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Pan American Silver (PAAS) Laps the Stock Market: Here's Why
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In the latest close session, Pan American Silver (PAAS - Free Report) was up +1.32% at $45.92. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the silver mining company had lost 11.73% over the past month, lagging the Basic Materials sector's loss of 7.2% and the S&P 500's gain of 0.84%.
Market participants will be closely following the financial results of Pan American Silver in its upcoming release. In that report, analysts expect Pan American Silver to post earnings of $0.92 per share. This would mark year-over-year growth of 91.67%. Alongside, our most recent consensus estimate is anticipating revenue of $1.24 billion, indicating a 44.54% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $4.86 billion, which would represent changes of +50% and +34.28%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. Pan American Silver is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Pan American Silver is currently exchanging hands at a Forward P/E ratio of 11.89. This denotes no noticeable deviation relative to the industry average Forward P/E of 11.89.
Also, we should mention that PAAS has a PEG ratio of 4.45. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Mining - Silver industry was having an average PEG ratio of 4.45.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Pan American Silver (PAAS) Laps the Stock Market: Here's Why
In the latest close session, Pan American Silver (PAAS - Free Report) was up +1.32% at $45.92. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 0.45%.
Heading into today, shares of the silver mining company had lost 11.73% over the past month, lagging the Basic Materials sector's loss of 7.2% and the S&P 500's gain of 0.84%.
Market participants will be closely following the financial results of Pan American Silver in its upcoming release. In that report, analysts expect Pan American Silver to post earnings of $0.92 per share. This would mark year-over-year growth of 91.67%. Alongside, our most recent consensus estimate is anticipating revenue of $1.24 billion, indicating a 44.54% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $4.86 billion, which would represent changes of +50% and +34.28%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% upward. Pan American Silver is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Pan American Silver is currently exchanging hands at a Forward P/E ratio of 11.89. This denotes no noticeable deviation relative to the industry average Forward P/E of 11.89.
Also, we should mention that PAAS has a PEG ratio of 4.45. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Mining - Silver industry was having an average PEG ratio of 4.45.
The Mining - Silver industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.