Ratings Pan American Silver Corp.

Equities

PAAS

CA6979001089

Market Closed - Toronto Stock Exchange Other stock markets 04:00:00 2023-12-07 pm EST			5-day change	1st Jan Change
20.76 ^CAD	-0.53%		-2.44%	-6.06%

Dec. 05	Pan American Silver Slips After Hours as its Details Exploration Results at Its North and South American Properties	MT
Dec. 05	Pan American Silver Brief: Says These drill results "Demonstrate continued potential for organic growth of mineral reserves and mineral resources" in and around the Co's operations	MT

Summary

From a short-term investment perspective, the company presents a deteriorated fundamental configuration.
The company has a good ESG score relative to its sector, according to Refinitiv.

Strengths

Its core activity has a significant growth potential and sales are expected to surge, according to Standard & Poor's' forecast. Indeed, those may increase by 77% by 2025.
The company's EBITDA/Sales ratio is relatively high and results in high margins before depreciation, amortization and taxes.
The company is in a robust financial situation considering its net cash and margin position.
Over the past year, analysts have regularly revised upwards their sales forecast for the company.
Analysts covering this company mostly recommend stock overweighting or purchase.
The difference between current prices and the average target price is rather important and implies a significant appreciation potential for the stock.
Analysts' price targets are all relatively close, reflecting good visibility on the company's valuation.

Weaknesses

The valuation of the company is particularly high given the cash flows generated by its activity.
The sales outlook for the group was lowered in the last twelve months. This change in forecast points out a decline in activity as well as pessimistic analyses of the company.
For the past year, analysts have significantly revised downwards their profit estimates.
For the last four months, earnings estimated by analysts have been revised downwards with respect to the next two years.
Over the past four months, analysts' average price target has been revised downwards significantly.
Prospects from analysts covering the stock are not consistent. Such dispersed sales estimates confirm the poor visibility into the group's activity.
The company's earnings releases usually do not meet expectations.

Ratings chart - Surperformance

Chart ESG Refinitiv

Sector : Non-Gold Precious Metals & Minerals

	1st Jan change	Capi.	Investor Rating	ESG Refinitiv
PAN AMERICAN SILVER CORP.	-6.06%	5 604 M $		A
HECLA MINING COMPANY	-13.85%	2 908 M $		B+
FIRST MAJESTIC SILVER CORP.	-28.63%	1 696 M $	-	B-
MAG SILVER CORP.	-28.09%	1 158 M $	-	C+
AYA GOLD & SILVER INC.	+10.86%	919 M $		C-
ENDEAVOUR SILVER CORP.	-38.81%	405 M $		B
DISCOVERY SILVER CORP.	-40.15%	242 M $	-	-
HERCULES SILVER CORP.	+706.25%	185 M $	-	-
DOLLY VARDEN SILVER CORPORATION	-4.44%	173 M $	-	-
SILVER MINES LIMITED	-16.25%	162 M $	-	-

Investor Rating

Trading Rating

ESG Refinitiv

Financials

Sales growth

Earnings Growth

EBITDA / Sales

Profitability

Finances

Valuation

P/E ratio

EV / Sales

Price to Book

Price to Free Cash Flow

Yield

Momentum

1 year Revenue revision

4 months Revenue revision

7 days Revenue revision

1 year EPS revision

4 months EPS revision

Consensus

Analyst Opinion

Potential Price Target

4m Target Price Revision

4m Revision of opinion

12m Revision of opinion

Business Predictability

Analyst Coverage

Divergence of Estimates

Divergence of analysts' opinions

Divergence of Target Price

Earnings quality

Environment

Emissions

Innovation

Use of resources

Governance

CSR Strategy

Management

Shareholders

Controversy

Technical analysis

ST Timing

MT Timing

LT Timing

RSI

Bollinger Spread

Unusual volumes