The Pan American Silver share price fell 16% this week, is this stock a buy?

first_img Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Kirsteen has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The Pan American Silver share price fell 16% this week, is this stock a buy? See all posts by Kirsteen Mackay Kirsteen Mackay | Friday, 14th May, 2021 | More on: PAAS Pan American Silver (NASDAQ:PAAS) is a silver and gold miner mainly operating in South America. It also operates in Canada and has a mine in Guatemala currently out of action. As the Biden administration took office in the US, the market was bullish on silver at the turn of the year. That’s because silver is a vital commodity in electronics and the green revolution is a mainstay of the Biden agenda. But since then, the silver price has been fairly volatile. The Pan American Silver share price is down 20% year-to-date. So, does this dip in prices present a buying opportunity for me?FY21 guidance loweredAs Covid-19 continues to hamper normal operations and ventilation constraints present a challenge at one of its mines, Pan American Silver has lowered its FY21 guidance.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…In FY20, the company produced 17.3m ounces of silver and 522,000 ounces of gold.It now expects annual silver production of between 20.5m and 22m ounces, down from between 22.5m and 24m ounces predicted earlier. All-in sustaining costs (AISC) for silver are projected to come in between $14.25 to $15.75 per ounce, which is up from between $12.50 and $14 per ounce projected in January. Meanwhile, its gold production FY21 estimates remain unchanged at 605k to 655k ounces.The company has a $5.6bn market cap, and its dividend yield is just under 1%.center_img “This Stock Could Be Like Buying Amazon in 1997” Our 6 ‘Best Buys Now’ Shares Pan American Silver is the second-largest silver mining company in the world. After finishing 2020 clear of debt and with cash flow strong, Q1 results are disappointing shareholders. But until Covid-19 uncertainty lifts, it’s operating in a volatile segment.Nevertheless, Pan American Silver remains the owner of the world’s largest silver reserve in the ground. Furthermore, Q1 and Q2 are its most costly quarters due to paying its taxes. Therefore, I expect things will pick up later in the year.With no debt and strong cash flow, it intends to invest in projects with a long time horizon and decent long-term returns. It gave its La Colorada Skarn discovery as an example of the kind of exploration projects it seeks.Would I buy shares in Pan American Silver?Silver doesn’t appear to have had the rise in interest that alternative commodities such as copper are enjoying. But its price is now back around the $27 it reached at the beginning of January, after a dip to around $24 in March.Mining shares are risky investments, and with Covid-19 still rampaging in South America, shareholders need to go in with their eyes open. Yet I think the more established heavyweights like PAAS present a more viable opportunity than the juniors.I do think silver is a commodity that’s going to remain in high demand in the coming years and as Pan American Silver has the world’s biggest reserves, I find it a tempting pick to add to my Stocks and Shares ISA. The Pan American Silver share price is down 25% from its 52-week high, so I think this dip could be a good buying opportunity. However, if I was more averse to mining stocks, an alternative way to access the silver market would be the iShares Silver Trust. This is listed on the New York Stock Exchange, with the ticker SLV, and it tends to be very closely correlated to the price of silver. 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Ghana XI v Mali: Grant makes six changes as Boakye-Yiadom starts

first_imgAvram Grant has responded to criticism of his selection with six changes to the Ghana team that to Senegal on Saturday.The Black Stars will start with Daniel Amartey after first choice Jonathan Mensah failed to recover from an injury sustained against Senegal. John Boye will be the youngster’s partner.In goal, nine after losing his spot, Fatau Dauda comes back in post ahead of the much-maligned Razak Braimah.Harrison Afful remains one of Ghana’s consistent players in the last two years, but he will have Jeffrey Schlupp coming in after the Leicester man missed the recent Afcon.The team will play a 4-3-3, with Rabiu Mohammed and Emmanuel Agyemang Badu back in the starting lineup after six games following the overtaking performances of Afriyie Acquah and Mubarak Wakaso as the Afcon wore on.Ghana’s speedy lineup is punctuated by the presence of Christian Atsu and Frank Acheampong on the flanks with the target man being Italy-based Richmond Boakye-Yiadom, whose consolation strike against Senegal is rewarded. Captain of the day Andre Ayew plays alongside in attack.Ghana XI v Mali: Fatau Dauda; Harrison Afful, Jeff Schlupp, Daniel Amartey, John Boye; Emmanuel Agyemang-Badu, Rabiu Mohammed; Frank Acheampong, Andre Ayew, Christian Atsu; Richmond Boakye-Yiadom.–Follow Gary on Twitter: @garyalsmithlast_img read more