Pan American Silver's (PAAS) Q2 report showed certain strong tailwinds for the company. The GAAP EPS beat guidance by $0.05. Even though Q2 revenues were $38M short of expectations, the production numbers soared on a q/q basis. Due to healthy operational performance and strength in metal prices, PAAS is set to witness further upside. However, investors should consider that the stock is exploring its 52-week highs and it makes sense to take some profits while we are at these levels.
Figure-1 (Source: Mining.com)
In a previous article, I had discussed that the