Silver Stock Symbol NYSE: PAAS Stock Performance and Competitors

PAAS stock, also known as Pan American Silver Corp, has seen a significant increase in its stock price over the years.

The company's stock price has risen by over 200% in the last five years, making it a solid investment option for silver enthusiasts.

One of the key factors contributing to PAAS stock's success is its strong financial performance, with a net income of over $200 million in 2020.

The company's focus on sustainable mining practices and its commitment to corporate social responsibility have also earned it a reputation as a responsible and reliable silver stock.

Investing in silver can be a great way to diversify your portfolio and hedge against uncertain times. You can buy silver bullion, which comes in bars of 99.9% purity in weights ranging from 1 ounce to 100 ounces.

If you're new to investing in silver, you might want to start with smaller bars, as they can be easier to sell in a challenging market. Silver coins are another option, with popular choices like the American Silver Eagle and the Canadian Silver Maple Leaf.

Silver futures contracts allow sophisticated investors to speculate on prices and hedge their wider portfolios, providing exposure without the hassle of handling physical metal. These contracts can be easily sold prior to expiration.

Owning the shares of publicly traded silver mining companies is another way to get silver exposure without holding physical metal. However, be warned that the prices of silver stocks may be only loosely correlated with the price of silver.

Here are some common ways to invest in silver:

PAAS is a silver mining company that operates in several countries, including Canada, Mexico, and Peru. It engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines.

The company's market capitalization is approximately $7.7 billion, listed on the NYSE. PAAS has a beta of 1.35, indicating a relatively high level of volatility compared to the overall market.

PAAS has had a strong year, with a 1-year change of 54.82%, outperforming the US Market's 25.3% return. However, its 3-year change is -14.82%, indicating a decline in value over the past three years.

Here's a summary of PAAS's stock performance:

Gold is often seen as a safe-haven asset, with prices tend to rise when the economy is tough and decline during boom times. This is because gold prices tend to move in the opposite way of the overall stock market and the economy.

Gold has low commercial utility, with relatively few industrial uses beyond its use as a store of value. This is in contrast to silver, which has many more industrial and commercial uses.

Gold prices are much higher than silver prices, with today's price being $2,602 per ounce compared to silver's $29 per ounce. This means that gold prices tend to be less volatile than silver prices.

The price of gold can be a good indicator of market conditions, but it's essential to remember that gold prices can be influenced by various factors, including economic expansions and recessions.

In terms of portfolio allocation, it's generally recommended to allocate no more than 5% of your investments to commodities, although this can vary based on your goals and time horizon.

PAAS Stock Overview provides a comprehensive look at Pan American Silver Corp.'s operations. The company engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in several countries including Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil.

PAAS operates in multiple countries, making it a global player in the mining industry. Its diverse portfolio of mines allows it to tap into different markets and resources.

Here's a breakdown of the company's fundamental analysis:

The company's stock performance is also worth noting, with a previous close of $21.42 and a day range of $20.93 to $21.9.

The PAAS stock price has been quite volatile over the years, with a 52-week high of CA$26.05 and a 52-week low of CA$12.16.

PAAS's current share price is CA$21.21, which is a significant increase from its 52-week low.

The company's price history shows a 1-year change of 54.82%, indicating a strong growth in the past year.

Here's a breakdown of PAAS's price history over the past year:

PAAS's price volatility has been relatively stable over the past year, with a weekly volatility of 7%.