Pan American Silver (PAAS) closed at $48.75 in the latest trading session, marking a -2.48% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Meanwhile, the Dow experienced a rise of 0.71%, and the technology-dominated Nasdaq saw an increase of 2.26%.
The stock of silver mining company has fallen by 5.8% in the past month, lagging the Basic Materials sector's gain of 0.21% and the S&P 500's gain of 0.1%.
Investors will be eagerly watching for the performance of Pan American Silver in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.92, signifying a 91.67% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.24 billion, up 44.52% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.81 per share and revenue of $4.85 billion, which would represent changes of +50% and +33.99%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Pan American Silver. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 2.56% downward. Pan American Silver is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Pan American Silver is currently being traded at a Forward P/E ratio of 13.13. Its industry sports an average Forward P/E of 13.13, so one might conclude that Pan American Silver is trading at no noticeable deviation comparatively.
We can also see that PAAS currently has a PEG ratio of 4.92. 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. PAAS's industry had an average PEG ratio of 4.92 as of yesterday's close.
The Mining - Silver industry is part of the Basic Materials sector. Currently, this industry holds a Zacks Industry Rank of 223, positioning it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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Pan American Silver Corp. (PAAS): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).