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Pan American Silver Corp. (PAAS) Jumps: Stock Rises 10.5%

Zacks

Pan American Silver Corp. PAAS was a big mover last session, as the company saw its shares rise more than 10% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $15.65 to $16.95 in the past one-month time frame.

The move came after the company reported solid second-quarter 2017 results.

The company has seen a mixed track record when it comes to estimate revisions of one increase and one decrease over the past few months, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Pan American Silver Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.

Pan American Silver Corp. Price and Consensus

Pan American Silver Corp. Price and Consensus | Pan American Silver Corp. Quote


A better-ranked stock in the Basic Materials sector is Golden Star Resources, Ltd. (GSS) which carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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