TSX:PAASMetals and Mining
Pan American Silver (TSX:PAAS) Stock Catches Attention With Cash Flow And Margin Strength
Pan American Silver walked into this earnings day with a stock that had slipped about 2% over the past week and about 15% over three months, despite a P/E of 15.6x and a share price well below a discounted cash flow fair value estimate. The headline today is not the quarter’s revenue line. It is the weighty combination of a 31.7% net margin over the past year and strong free cash flow in Q2 that reinforces a profit story investors will have to weigh against recent dilution and a still premium...