Pan American Silver (NYSE:PAAS) shares were on track for their seventh consecutive session of losses on Tuesday, as the stock fell over 3% to $14.34 in afternoon trading, its lowest since Nov. 17.
The Canadian company lost about 7% in the preceding six sessions. Overall shares have fallen over 16% since the start of the year.
Pan American Silver closed 0.5% lower on Monday.
November has been a mixed month for the company, with 12 sessions in green and nine in red.
Looking at Seeking Alpha’s Quant Rating, PAAS has a Hold rating with a score of 2.72 out of 5. The company received an A+ for growth and B- for valuation, while its profitability prospect has been graded a C-.
Turning to the Wall Street community, seven analysts gave PAAS a Buy and above, while none rated it a Hold or Sell.
Seeking Alpha analysts are also conservative on the stock and rated it a Hold, with a score of 3.20.
Last month, Pan American Silver missed its third-quarter adjusted earnings estimates and reported silver production for the quarter at the low end of company guidance. The company’s shares ended the session with over 9% loss on Nov. 8.
However, a recent Seeking Alpha analysis pointed out that despite a weak quarter, PAAS is still a good long-term gold and silver investment.
“The long-term narrative is reinforced by the recent acquisition of some Yamana Gold properties and the potential of Escobal reopening,” it added.
