Pan American Rises On Unusually High Volume (PAAS)
NEW YORK (
) --
Pan American Silver Corporation
(Nasdaq:
) is trading at unusually high volume Wednesday with 5.8 million shares changing hands. It is currently at 5.2 times its average daily volume and trading up 51 cents (+2.3%) at $22.36 as of 3:45 p.m. ET.
Pan American has a market cap of $2.33 billion and is part of the
sector and
industry. Shares are up 0.2% year to date as of the close of trading on Tuesday.
Pan American Silver Corp. engages in the exploration, development, extraction, processing, production, refining, reclamation, and operation of silver properties. The company also produces and sells gold, zinc, lead, and copper. The company has a P/E ratio of 6.9, below the average metals & mining industry P/E ratio of 7.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Pan American as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, attractive valuation levels and impressive record of earnings per share growth. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full
.
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