Movement Alert｜Pan American Silver rises 5.19% in Regular Trading, precious metals stocks rebound ahead of earnings

Market Focus11-02 23:05

On November 2, Pan American Silver rose 5.19% in Regular Trading, trading at $39.85 per share, with turnover of $35.50 million.

The move aligned with a broader rebound in precious metals equities. In the same sector, Gold Fields rose 6.58%, Newmont Mining rose 3.72%, Barrick Mining Corporation rose 3.40%, Wheaton Precious Metals rose 3.33%, and Agnico Eagle Mines rose 3.24%.

Recent context shows the precious metals group had come under pressure after silver fell sharply on October 30 amid stronger US rate-hike expectations and dollar strength. Pan American Silver is scheduled to report results on November 4. Market expectations ahead of that release call for revenue of $1.068 billion, up 23.42% year over year, and adjusted EPS of $0.89 in one preview, while the listed consensus for the upcoming report is EPS of $0.66. In the prior quarter, the company reported EPS of $0.73 and revenue of $1.124 billion, both below market expectations.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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