Pan American Silver Corp. (PAAS) stock has fallen 4.82% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.
Pan American Silver Corp. has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PAAS!
What is Stock Sentiment?
Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.
As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PAAS Stock Today?
Pan American Silver Corp. (PAAS) stock is down -2.72% while the S&P 500 has risen 0.66% as of 10:57 AM on Wednesday, Sep 29. PAAS is lower by -$0.64 from the previous closing price of $23.72 on volume of 987,477 shares. Over the past year the S&P 500 has gained 30.72% while PAAS is lower by -28.10%. PAAS earned $1.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 16.31.
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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.
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