Pan American Silver had its Relative Strength (RS) Rating upgraded from 64 to 75 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their largest runs. See if Pan American Silver can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
While Pan American Silver is not near a proper buy point right now, see if it manages to form and break out from a proper chart pattern.
Earnings grew 3,100% last quarter, up from 38% in the prior report. Revenue also increased, from 7% to 16%.
The company holds the No. 16 rank among its peers in the Mining-Gold/Silver/Gems industry group. Alamos Gold, Agnico-Eagle Mines and Kinross Gold are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
