Pan American Silver (PAAS) Rises Higher Than Market: Key Facts

Core Viewpoint - Pan American Silver is experiencing positive momentum in its stock performance, with significant expected earnings growth and revenue increase in the upcoming earnings report scheduled for August 7, 2024 [2][3]. Company Performance - The company's shares closed at $21.71, reflecting a +1.12% increase from the previous day, outperforming the S&P 500's daily gain of 0.08% [1]. - Over the last month, Pan American Silver's shares have risen by 8%, contrasting with a loss of 1.43% in the Basic Materials sector and a loss of 0.21% in the S&P 500 [1]. Earnings Forecast - Analysts forecast an EPS of $0.13 for the upcoming quarter, representing a 225% increase from the same quarter last year [2]. - For the full year, the Zacks Consensus Estimates predict earnings of $0.66 per share, marking a +450% change from the previous year [3]. - Revenue is expected to reach $679.96 million for the upcoming quarter, indicating a 6.26% increase compared to the year-ago quarter, and $2.69 billion for the full year, reflecting a +16.07% change [2][3]. Analyst Estimates - Recent adjustments to analyst estimates for Pan American Silver suggest a positive outlook for the company's business operations and profit generation capabilities [4]. - The Zacks Consensus EPS estimate has increased by 11.51% in the past month, indicating growing analyst confidence [6]. Valuation Metrics - The company currently has a Forward P/E ratio of 32.58, which is higher than the industry average of 20.79 [7]. - The Mining - Silver industry, part of the Basic Materials sector, holds a Zacks Industry Rank of 3, placing it in the top 2% of over 250 industries [7][8].