|Bid||15.75 x 800|
|Ask||15.97 x 3200|
|Day's Range||15.44 - 15.98|
|52 Week Range||13.99 - 19.56|
|PE Ratio (TTM)||16.31|
|Forward Dividend & Yield||0.14 (0.78%)|
|1y Target Est||N/A|
Some primary silver producers are no doubt feeling pain these days after the sell-off in silver prices so far this year, but don't look for major supply cutbacks any time soon, analysts said. Further, companies have become leaner in recent years, thus some of the major producers - such as Pan American Silver Corp.
Pan American Silver's (PAAS) Q2 results benefit from record low cash costs, courtesy of higher by-product credits and throughput as well as lower refining charges.
The content of this article will benefit those of you who are starting to educate yourself about investing in the stock market and want to learn about Return on EquityRead More...
The Vancouver, British Columbia-based company said it had profit of 24 cents per share. Earnings, adjusted for non-recurring gains, were 23 cents per share. The results exceeded Wall Street expectations. ...
On Wednesday, Pan American Silver (NASDAQ: PAAS ) will report its last quarter's earnings. Here is Benzinga's take on the company's Q2 release. Earnings and Revenue Wall Street analysts see Pan American ...
Many silver stocks looked beaten up in 2017, either near a bottom or struggling to overcome a resistance price. Most of these stocks remain at prices below their 50-day moving averages, and this is usually a bearish sign.
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.
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.
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. ...