PAN AMERICAN SILVER CORP (NYSE:PAAS) – A Strong Contender in Growth and Momentum

PAN AMERICAN SILVER CORP (NYSE:PAAS) has emerged as a compelling candidate for investors following Mark Minervini’s trend-following strategy while also meeting high-growth momentum criteria. The stock exhibits strong technical trends and robust earnings growth, making it worth a closer look.

Why PAAS Fits the Minervini Trend Template

The Minervini Trend Template identifies stocks with strong uptrends and momentum. PAAS meets all key criteria:

• Price Above Key Moving Averages: The stock trades above its 50-day ($26.06), 150-day ($24.21), and 200-day ($23.69) moving averages, confirming a bullish trend.
• Moving Averages Trending Up: Both the 150-day and 200-day MAs are rising, indicating sustained upward momentum.
• Relative Strength: With a ChartMill Relative Strength score of 88.37, PAAS outperforms 88% of all stocks.
• Price Near 52-Week High: At $28.68, PAAS is within 3.3% of its 52-week high ($29.66), a sign of strong momentum.
• Stage 2 Uptrend: The stock has advanced 44% over the past year, demonstrating a clear stage 2 uptrend.

High Growth Momentum (HGM) Qualities

PAAS also stands out with strong earnings and revenue growth, key factors for high-growth investors:

• Explosive Earnings Growth:
  • EPS (TTM) surged 5,900% YoY.
  • Quarterly EPS growth of 4,100% (latest quarter) and 975% (prior quarter).
  • Full-year EPS growth of 618% in the most recent fiscal year.
• Revenue Expansion:
  • Revenue (TTM) grew 18.3% YoY.
  • Quarterly sales increased 28.6% in the latest quarter.
• Improving Profit Margins:
  • Profit margin expanded to 21.8% in the latest quarter, up from 13.2% in the prior quarter.
  • Free cash flow per share grew 324.8% YoY.

Technical Outlook

PAAS currently holds a perfect 10/10 technical rating from ChartMill, supported by:

• A bull flag pattern, suggesting potential continuation of the uptrend.
• Strong support near $28.39-$28.67, providing a clear stop-loss level.
• Resistance around $28.87-$29.35, with a breakout above $29.36 potentially signaling further upside.

For a deeper technical breakdown, review the full technical report here.

Our High Growth Momentum + Trend Template screener lists more stocks with similar growth and momentum characteristics.

Disclaimer

This is not investment advice. Always conduct your own research and consider risk management before making investment decisions.