On October 30, Pan American Silver falls 5.08% in Regular Trading, trading at $38.25 per share, with turnover of $24.4391 million.
The move came as precious metals stocks broadly weakened after silver prices fell for a third straight session to an 11-month low, pressured by firmer expectations for another Federal Reserve rate hike and a stronger US dollar.
Recent market updates indicated that persistent inflation and resilient US growth kept policy tightening expectations elevated, with December hike odds still around 75%. Against that backdrop, gold and silver miners came under sector-wide pressure, and Pan American Silver had also fallen more than 5% during a previous precious metals selloff this month. The company is scheduled to report earnings on November 4; in its last quarterly report, adjusted EPS was $0.73, below market expectations of $1.04, while revenue of $1.124 billion also missed the consensus estimate of $1.158 billion.
(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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