As this happened, Jefferies initiated its Pan American Silver Corp [PAAS] rating to a Hold in a research note published on February 29, 2024; the price target was $14. RBC Capital Mkts also remained covering PAAS and has increased its forecast on January 11, 2023 with a “an Outperform” recommendation from previously “Sector perform” rating. Canaccord Genuity revised its rating on May 12, 2022. It rated PAAS as “a Buy” which previously was an “a Hold”.
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Price Performance Review of PAAS
On Tuesday, Pan American Silver Corp [NYSE:PAAS] saw its stock fall -1.60% to $20.89. Over the last five days, the stock has gained 10.18%. Pan American Silver Corp shares have risen nearly 27.92% since the year began. Nevertheless, the stocks have risen 25.01% over the past one year. While a 52-week high of $24.27 was reached on 07/16/24, a 52-week low of $12.16 was recorded on 02/13/24. SMA at 50 days reached $21.07, while 200 days put it at $17.86.
Levels Of Support And Resistance For PAAS Stock
The 24-hour chart illustrates a support level at 20.64, which if violated will result in even more drops to 20.40. On the upside, there is a resistance level at 21.31. A further resistance level may holdings at 21.73. The Relative Strength Index (RSI) on the 14-day chart is 54.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.46%. Stochastics %K at 79.14% indicates the stock is a holding.
How much short interest is there in Pan American Silver Corp?
A steep rise in short interest was recorded in Pan American Silver Corp stocks on 2024-08-30, dropping by -0.31 million shares to a total of 8.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.95 million shares. There was a decline of -3.54%, which implies that there is a negative sentiment for the stock.
