Pan American Silver ( (TSE:PAAS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Pan American Silver’s recent share drop came after a sharp metals sell-off tied to shifting expectations around Federal Reserve policy, which hit silver prices and mining stocks broadly. This pullback followed a strong run in the stock over the past year, despite the company just reporting record quarterly silver production and boosting its 2026 output guidance. Management also signaled higher unit costs and capital spending than analysts had projected, tempering some of the optimism around the growth outlook. Even so, analysts argue that strong silver demand and several near-term catalysts—such as potential dividend or buyback announcements, the La Colorada Skarn study, and optimization at the Jacobina mine—still support higher valuation assumptions and leave room for the stock to recover from the recent slide.
More about Pan American Silver
YTD Price Performance: 5.39%
Average Trading Volume: 7,216,667
Technical Sentiment Signal: Buy
Current Market Cap: $22.98B
For further insights into PAAS stock on TipRanks’ Stock Analysis page.
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