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Bullish Case: Record gold production in FY 2023, expected increase in 2024 silver and gold production, and intention for share repurchase reflect Pan American Silver's confidence in future growth and value [Yahoo][Pan American Silver ].


Bearish Case: Despite higher production, PAAS incurred a significant net loss in FY 2023, and adjusted costs were above guidance, suggesting challenges to profitability [Yahoo].


Potential Outcomes:

1. Analysts' downgrades could lead to stock underperformance (30% chance).

2. Strong metal prices could bolster profits, lifting the stock (40% chance).

3. Share repurchase program could support share prices (30% chance).


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March 19, 2024


Pan American Silver Forecast

PAAS        Pan American Silver
Price Forecast: NEUTRAL    Price Action: RANDOM (?)






Correlated Stock Forecasts

Assets that tend to move strongly with PAAS



SAND Forecast + Options Trading Strategies   [SAND]  Sandstorm Gold (0.86)


JNUG Forecast + Options Trading Strategies   [JNUG]  Direxion Daily Junior Gold Miners Index Bu (0.84)


SILJ Forecast + Options Trading Strategies   [SILJ]  ETF Managers Group LLC - ETFMG Prime Junior Silver Miners (0.83)


MAG Forecast + Options Trading Strategies   [MAG]  MAG Silver (0.82)


SIL Forecast + Options Trading Strategies   [SIL]  Global X Funds - Global X Silver Miners (0.8)



Uncorrelated Stock Forecasts

Assets with little price relationship to PAAS



FHN Forecast + Options Trading Strategies   [FHN]  First Horizon (-0.0)


IEFA Forecast + Options Trading Strategies   [IEFA]  BTC iShares Core MSCI EAF (-0.0)


LOW Forecast + Options Trading Strategies   [LOW]  Lowe's Cos. (0.0)


AL Forecast + Options Trading Strategies   [AL]  Air Lease Corp (0.0)


ROIV Forecast + Options Trading Strategies   [ROIV]  Roivant Sciences (-0.0)



Anticorrelated Stock Forecasts

Assets that tend to move strongly against PAAS



JDST Forecast + Options Trading Strategies   [JDST]  Direxion Daily Junior Gold Miners Index Be (-0.55)


BRZE Forecast + Options Trading Strategies   [BRZE]  Braze (-0.57)


ZSL Forecast + Options Trading Strategies   [ZSL]  ProShares UltraShort Silver (-0.58)


YCS Forecast + Options Trading Strategies   [YCS]  ProShares UltraShort Yen (-0.58)


GRPN Forecast + Options Trading Strategies   [GRPN]  Groupon (-0.58)





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