Pan American Silver shares fall 5.01% intraday amid analyst downgrades and concerns over subdued revenue growth vs. industry.

Pan American Silver (PAAS) fell 5.01% intraday as concerns over subdued revenue growth expectations and recent analyst downgrades weighed on investor sentiment. Despite a 31% 30-day gain and a 52-week high driven by strong Q3 results and elevated silver prices, analysts projected weaker revenue growth (9.4% annually vs. 22% industry average), raising questions about the sustainability of its 6x price-to-sales ratio. A Zacks downgrade to "Hold" and institutional selling, including a stake reduction by Charles Schwab, exacerbated the decline. While COFECE approval of the MAG Silver acquisition and institutional purchases provided some support, the stock’s valuation appeared vulnerable to profit-taking and skepticism over its ability to meet growth forecasts.