PAN AMERICAN SILVER CORP (NYSE:PAAS) – A High Growth Momentum Stock with Strong Technical Setup

PAN AMERICAN SILVER CORP (NYSE:PAAS) stands out as a compelling candidate for high-growth momentum investors, combining strong earnings momentum with a favorable technical setup. The stock meets multiple criteria for growth and technical strength, making it worth a closer look.

Growth Momentum Highlights

• Exceptional Earnings Growth: PAAS reported a staggering 5,900% year-over-year EPS growth (TTM), driven by strong quarterly performance, including 4,100% EPS growth in the most recent quarter.
• Accelerating Profit Margins: The company’s profit margin expanded to 21.8% in the latest quarter, up from 13.2% in the prior quarter, signaling improving operational efficiency.
• Positive Analyst Revisions: EPS estimates for the next year have been revised upward by 3.7% over the past three months, reflecting improving sentiment.
• Free Cash Flow Growth: FCF per share surged 324.8% over the past year, reinforcing financial strength.

Technical Strength & Setup

PAAS holds a perfect 10 out of 10 on ChartMill’s Technical Rating, indicating strong price momentum across short and long-term timeframes. Key technical observations include:

• Uptrend Confirmation: Both short-term and long-term trends are positive, with the stock trading near its 52-week high.
• Relative Strength: PAAS outperforms 89% of all stocks over the past year, demonstrating market leadership.
• Consolidation Pattern: The stock has a Setup Rating of 7, reflecting a recent trading range between $23.73 and $29.66, with potential resistance near $29.04. A breakout above this level could signal further upside.

For a deeper technical analysis, review the full technical report for PAAS.

Our High Growth Momentum Breakout Setups Screen lists more stocks with similar characteristics and is updated daily.

Disclaimer

This is not investing advice. The observations here are based on data at the time of writing, and market conditions can change. Always conduct your own research before making investment decisions.