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    PAAS   CA6979001089


Delayed Toronto Stock Exchange  -  04:15 2022-08-18 pm EDT
21.72 CAD   +0.51%
08/15BMO Capital Cuts Pan American Silver Target to $23, Reiterates Outperform, After Model Update
08/15National Bank Updates Estimates for Pan American Silver, Cuts Target Price after Q2 Miss
08/12PAN AMERICAN SILVER : 2022 Q2 Report
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Toronto index reverses gains to close lower as markets parse Fed statement

12/16/2021 | 04:22pm EDT

* TSX closes down 29.38 points, or 0.14%, at 20,739.78

* Tech stocks lead declines on Fed inflation comments Wednesday

* Mining stocks rise 1.9%, following gold, silver prices higher

Dec 16 (Reuters) - Canada's main stock index reversed earlier gains to close lower on Thursday, as markets further parsed the implications of the U.S. Federal Reserve's plans to speed up the taper of its bond-buying program and its inflation expectations.

The Toronto Stock Exchange's S&P/TSX composite index closed down 29.38 points, or 0.14%, at 20,739.78.

Technology stocks led declines, losing 2.2%, with Lightspeed Commerce, Docebo and Converge Technology Solutions among the 10 biggest losers on the benchmark, tracking the tech-heavy Nasdaq's 2.5% decline in the U.S.

On Wednesday, the Fed said it would accelerate the pace of its tapering and laid out a scenario in which the pandemic, despite the Omicron surge, gives way to a benign set of economic conditions, but it dropped references to inflation as "transitory."

The Fed's policy statement lifted the TSX on Wednesday to its first positive close since Dec. 7..

"What's happening today is the sobering effect of what (Fed Chairman Jerome) Powell said yesterday," said Philip Petursson, chief investment strategist at IG Wealth Management.

This is causing "a real barbell effect," he added. "Inflation helps gold, commodities, financials ... technology is bearing the brunt."

Materials were the biggest gainers, climbing 2.15%, with mining companies MAG Silver, Pan American Silver and Silvercorp Metals rising the most, as spot silver added 1.7% to $22.44 an ounce and spot gold increased 1.2% to $1,797.95.

Energy shares were flat, despite a rise in the crude oil price of 1.6%, to $72.03 a barrel. (Reporting by Nichola Saminather in Toronto; Additional reporting by Amal S in Bengaluru; Editing by Vinay Dwivedi and Leslie Adler)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIAN DOLLAR / US DOLLAR (AUD/USD) -0.19% 0.6896 Delayed Quote.-4.55%
BRITISH POUND / US DOLLAR (GBP/USD) -0.19% 1.19097 Delayed Quote.-10.97%
CANADIAN DOLLAR / US DOLLAR (CAD/USD) -0.10% 0.771 Delayed Quote.-2.14%
CONVERGE TECHNOLOGY SOLUTIONS CORP. -3.30% 6.75 Delayed Quote.-35.79%
DOCEBO INC. -1.36% 43.64 Delayed Quote.-47.87%
EURO / US DOLLAR (EUR/USD) -0.12% 1.00763 Delayed Quote.-11.27%
INDIAN RUPEE / US DOLLAR (INR/USD) -0.47% 0.012542 Delayed Quote.-6.16%
LIGHTSPEED COMMERCE INC. 0.00% 26.81 Delayed Quote.-47.51%
MAG SILVER CORP. -0.06% 16.95 Delayed Quote.-14.47%
NEW ZEALAND DOLLAR / US DOLLAR (NZD/USD) -0.17% 0.62339 Delayed Quote.-8.22%
PAN AMERICAN SILVER CORP. 0.51% 21.72 Delayed Quote.-31.53%
SILVER -0.51% 19.402 Delayed Quote.-14.91%
SILVERCORP METALS INC. 0.00% 3.22 Delayed Quote.-31.92%
08/15BMO Capital Cuts Pan American Silver Target to $23, Reiterates Outperform, After Model ..
08/15National Bank Updates Estimates for Pan American Silver, Cuts Target Price after Q2 Mis..
08/12PAN AMERICAN SILVER : 2022 Q2 Report
08/11TRANSCRIPT : Pan American Silver Corp., Q2 2022 Earnings Call, Aug 11, 2022
08/11PAN AMERICAN SILVER : Q2 2022 Conference Call Slides
08/11RBC Capital Markets Says Pan American Silver's Q2 Results Below Expectations
08/11PAN AMERICAN SILVER : Unaudited Condensed Interim Consolidated Financial Statements and No..
08/11PAN AMERICAN SILVER : Reports Mineral Reserves and Mineral Resources as at June 30, 2022 -..
08/11Pan American Silver Swings to Loss in Q2, Posts Lower Revenue
08/10PAN AMERICAN SILVER : 2022 Q2 Financial Report
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Financials (USD)
Sales 2022 1 586 M - -
Net income 2022 -37,7 M - -
Net cash 2022 205 M - -
P/E ratio 2022 -146x
Yield 2022 2,78%
Capitalization 3 539 M 3 539 M -
EV / Sales 2022 2,10x
EV / Sales 2023 2,10x
Nbr of Employees 7 100
Free-Float 99,9%
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Pan American Silver Corp. Technical Analysis Chart | MarketScreener
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Technical analysis trends PAN AMERICAN SILVER CORP.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 9
Last Close Price 16,81 $
Average target price 24,65 $
Spread / Average Target 46,6%
EPS Revisions
Managers and Directors
Michael Steinmann President, CEO & Non-Independent Director
Ignacio Llerena Couturier Chief Financial Officer
Gillian Dawn Winckler Chairman
Martin Wafforn SVP-Technical Services & Process Optimization
Steven L. Busby Chief Operating Officer
Sector and Competitors