Pan American Silver (NASDAQ:PAAS) has tumbled 0.99% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 2.73% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.2% and the outperformance has advanced to 1.8% for the last 4 weeks period.
Pan American Silver (NASDAQ:PAAS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.10 and $14.84 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.29. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.03, notching a gain of 1.01% for the day. The total traded volume was 26,353,745 . The stock had closed at $14.88 on the previous day.
The company shares have rallied 60.23% from its 1 Year high price. On May 17, 2016, the shares registered one year high at $16.49 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $14.91 and the 200 Day Moving Average price is recorded at $10.49.
Many analysts have stated their opinion on the company shares. BMO Capital upgrades its view on Pan American Silver (NASDAQ:PAAS) according to the research report released by the firm to its investors. The shares have now been rated Outperform by the stock experts at the ratings house. Earlier, the shares had a rating of Market Perform. The rating by the firm was issued on May 12, 2016. Currently the company Insiders own 12.88% of Pan American Silver shares according to the proxy statements. Institutional Investors own 48.8% of Pan American Silver shares.
Pan American Silver Corp (Pan American) is a Canada-based company engaged in the development and exploration of silver producing properties and assets. The Companys principal product is silver, and also produces and sells gold, zinc, lead, and copper. It is engaged in mining operations and is developing mining projects in Mexico, Peru, Argentina and Bolivia, and has control over non-producing silver assets in each of those jurisdictions and in the United States. The Companys principal products and sources of sales are silver and gold ore, as well as silver bearing zinc, lead, and copper concentrates. It operates, among others, the Huaron, Morococha, Alamo Dorado, Dolores, La Colorada, Manantial Espejo and San Vicente mines.