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If there’s one company remaining under the radar from investor headlines, it has to be Pan American Silver (TSX:PAAS). The silver producer has seen its shares rise about as fast as the price of silver. But is the company’s share price all down to the increase in the mineral, or from its performance as well? Let’s get into it.
Buy
There are certainly many compelling reasons to consider buying PAAS stock on the TSX today. First, there’s the company’s strong first-quarter performance. In Q1 2024, Pan American Silver demonstrated robust financials with cash flow from operations before working capital changes of $133.2 million. Despite certain accounting adjustments leading to a net loss, the underlying operational performance was solid, with revenue reaching $601.4 million.
What’s more, the company maintained healthy working capital of $693.5 million, including substantial cash and investments…
