|Bid||16.11 x 200|
|Ask||16.56 x 300|
|Day's Range||16.39 - 16.58|
|52 Week Range||13.99 - 19.56|
|PE Ratio (TTM)||17.03|
|Forward Dividend & Yield||0.14 (0.78%)|
|1y Target Est||20.10|
Conference call on August 9 VANCOUVER , July 16, 2018 /PRNewswire/ - Pan American Silver Corp. (NASDAQ: PAAS; TSX: PAAS) (the "Company") will announce its unaudited results for the second quarter ...
U.S. equities continue to trade nervously at the start of U.S. trade tariffs on $34 billion of Chinese imports — an act that will then be met with countervailing tariffs on U.S. imports by the Chinese. While far more in potential tariffs have been announced by both sides as threats, neither side is showing any evidence of being interested in backing down from what looks like a worsening cycle of escalation.
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD (year-to-date). As of June 26, it has risen 12.7% compared to -3.9% and -11.3% for the iShares Silver Trust (SLV) and the Global X Silver Miners ETF (SIL), respectively. While there are still ongoing issues at Pan American Silver’s mines in Mexico, analysts’ overall sentiment for the company seems to be changing for the better.
This Tuesday, WallStEquities.com has initiated reports coverage on the following Basic Materials equities: Eastman Chemical Co. (NYSE: EMN), FMC Corp. (NYSE: FMC), Pan American Silver Corp. (NASDAQ: PAAS), and Wheaton Precious Metals Corp. (NYSE: WPM). All you have to do is sign up today for this free limited time offer by clicking the link below.
LONDON, UK / ACCESSWIRE / June 15, 2018 / If you want access to our free earnings report on Pan American Silver Corp. (NASDAQ: PAAS) ("PAAS"), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PAAS. On May 09, 2018, PAAS reported financial results for the first quarter of 2018 ending March 31, 2018. The Company's first quarter 2018 results surpassed analysts' estimates for earnings but fell short of revenue forecasts.
NEW YORK, June 05, 2018-- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of ExlService ...
VANCOUVER , June 4, 2018 /CNW/ - Pan American Silver Corp. (PAAS) (PAAS.TO) (the "Company") today announces that the security situation on the access roads to the Dolores mine has improved following increased patrol and enforcement by the Mexican authorities. The Company will increase the use of its private, secured airstrip to transport people to and from the mine site until the situation normalizes. Due to the suspension of personnel transport on the access roads and reduced staffing levels, in late May the Company curtailed certain activities, including underground and open pit mining and leach pad expansion.
MEXICO CITY (AP) — Canada's Pan American Silver Corp. said it is cutting back operations at its mine in northern Mexico due to safety concerns, the latest in a series of major businesses that have been frightened off by unsafe conditions in Mexico.
Pan American Silver Corp became the latest company to curtail operations in Mexico due to rising violence and crime, saying on Monday it has faced security incidents along the roads used to transport personnel and materials to its Dolores mine. The Vancouver-headquartered company said it will maintain personnel at its open-pit Dolores silver mine in the border state of Chihuahua at levels necessary for site security and reduced operating activities. "We have been monitoring the situation, and with the recent incidents that have occurred along the access roads, we have determined the prudent course of action is to suspend personnel movements to and from the mine until the roads are safe for our employees," Michael Steinmann, the mining company's president and chief executive, said in a statement.
TSX: PAAS) ("Pan American Silver", or the "Company") today announces that it has initiated steps to reduce certain activities at its Dolores mine in Mexico following recent security incidents along the access roads being used to transport personnel and materials to and from the Dolores mine. The Company is working with state and federal authorities to provide safe access to the mine. The Company will maintain personnel at the mine at levels necessary for site security and reduced operating activities.
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar. As gold prices reached a five-month low, the US dollar reached a five-month high against a basket of six major world currencies. The US dollar (UUP), as represented by the DXY Currency Index, has risen ~3.6% over the last month.
It seems that the rout in precious metals has also plagued the performance of precious metal mining companies. In this article, we’ll discuss Sibanye Gold (SBGL), Gold Fields (GFI), Yamana Gold (AUY), and Pan American Silver (PAAS), which have fallen 40.9%, 15.8%, and 10.3%, respectively. PAAS has risen 12.8% on a YTD basis.
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals. This article focuses on silver, which is predominantly a precious metal and acts as a buffer along with gold during market unrest. Silver was trading at $16.4 per ounce as of 9:00 AM. The resistance level for silver is at a 50-day moving average of $16.55.
In this part of the series, we’ll look at the correlation between gold and four mining stocks: Franco-Nevada (FNV), Randgold Resources (GOLD), Yamana Gold (AUY), and Pan American Silver (PAAS). For the most part, mining stocks move in tandem with gold prices. Among these four miners, Pan American Silver demonstrated the highest correlation with gold this year, while Franco-Nevada displayed the lowest correlation.
Whereas palladium has been the strongest among the four precious metals over the last month, it has fallen 7.2% year-to-date, possibly due lower car demand in China. Palladium was trading at $1,002 on May 10, while gold was trading at $1,321. Like silver, palladium often leans more toward its industrial use than its precious-metal status. Palladium, which is used as a catalyst in diesel engines, was supported by demand for diesel vehicles rising in 2017.
Miners are usually a leveraged play on metals, rising by a higher proportion when metal prices rise and falling harder when metal prices weaken. This trend hasn’t been visible lately as company-specific factors exerted more influence on stock prices. In 2018, the iShares Silver Funds ETF (SLV), which tracks spot silver prices, has fallen 2.8%.
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10. The DXY had gained over the last month, rising 3.4%, while gold fell 1.6%. Over the past few months, the US dollar (UUP) has been the most critical driver of gold prices.
When it comes to precious metals, gold captures most of the spotlight. However, silver could be the real money metal in our current market. That’s because silver has the best of both worlds.
Spot silver is up about 1.6% today but PAAS is up more than 10%. Talk about strong relative strength! Let's take a look at the charts and indicators to see if these gains can be sustained and built on in the weeks ahead. In this daily bar chart of PAAS, below, we can see that prices gapped strongly above the rising 50-day and 200-day moving averages.
The company easily beat adjusted EPS expectations and resolved one of its biggest operational issues in the past 24 hours. Not too shabby.
The Vancouver, British Columbia-based company said it had profit of 31 cents per share. Earnings, adjusted for non-recurring gains, came to 20 cents per share. The results exceeded Wall Street expectations. ...