Does Pan American Silver Corp (NYSE:PAAS) have deteriorating prospects?

The stock of Pan American Silver Corp (NYSE:PAAS) last traded at $13.70, up 0.59% from the previous session.

Data from the available sources indicates that Pan American Silver Corp (NYSE:PAAS) is covered by 8 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $30.00 and a low of $19.50, we find $22.75. Given the previous closing price of $13.62, this indicates a potential upside of 67.03 percent. PAAS stock price is now -9.08% away from the 50-day moving average and -14.69% away from the 200-day moving average. The market capitalization of the company currently stands at $4.99B.

In total, 0 analysts have assigned it a hold rating, and 8 have given it a buy rating. Brokers who have rated the stock have averaged $23.72 as their price target over the next twelve months.

With the price target enhanced from $19 to $22, RBC Capital Mkts Upgraded its rating from Sector Perform to Outperform for Pan American Silver Corp (NYSE: PAAS).

A total of 0.21% of the company’s stock is owned by insiders.

During the past 12 months, Pan American Silver Corp has had a low of $13.40 and a high of $19.84. As of last week, the company has a debt-to-equity ratio of 0.23, a current ratio of 2.13, and a quick ratio of 1.09. The fifty day moving average price for PAAS is $15.07 and a two-hundred day moving average price translates $16.06 for the stock.

The latest earnings results from Pan American Silver Corp (NYSE: PAAS) was released for Sep, 2023. According to the Gold Company, earnings per share came in at $0.04, missing analysts’ expectations of $0.08 by -0.04. This compares to -$0.34 EPS in the same period last year. The net profit margin was -15.75% and return on equity was -7.44% for PAAS. The company reported revenue of $616.3 million for the quarter, compared to $338.9 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 81.85 percent. For the current quarter, analysts expect PAAS to generate $678.67M in revenue.

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