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Is Pan American Silver Corp. (PAAS) a Stock to Watch After Gaining 9.10% This Week?

Tuesday, September 13, 2022 10:42 AM | InvestorsObserver Analysts
Is Pan American Silver Corp. (PAAS) a Stock to Watch After Gaining 9.10% This Week?

Overall market sentiment has been high on Pan American Silver Corp. (PAAS) stock lately. PAAS receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Pan American Silver Corp. has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on PAAS!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PAAS Stock Today?

Pan American Silver Corp. (PAAS) stock is trading at $16.07 as of 10:36 AM on Tuesday, Sep 13, a decline of -$0.50, or -3.02% from the previous closing price of $16.57. The stock has traded between $15.82 and $16.36 so far today. Volume today is less active than usual. So far 866,031 shares have traded compared to average volume of 2,834,983 shares.

More About Pan American Silver Corp.

Pan American Silver Corp is a mining company focused exclusively on the exploration and development of silver mines. It produced roughly 22 million ounces of silver in 2011. The company operates primarily in Central and South America. It also sells the byproducts from its silver mining operations, including zinc, lead, copper, and gold. Pan American Silver is based in British Columbia. Click Here to get the full Stock Report for Pan American Silver Corp. stock.

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