Why Pan American Silver Stock Was Tumbling Today
The company's double miss on second-quarter estimates came amid relative weakness in precious metal prices.
Overview
The shine was off Pan American Silver (NYSE: PAAS) stock on Thursday. Investors traded out of the precious metals company after it published a disappointing second-quarter earnings report after the previous day's market close. In late-session trading, Pan American's stock was down by almost 10%.
Pan American booked $1.12 billion in revenue for the period, well up from $812 million in the same quarter of 2025. Net income not under generally accepted accounting principles (non-GAAP, or adjusted) rose more sharply, almost doubling to $308 million, or $0.73 per share.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.