(PAAS) Pan American Silver - NYSE
Sector: Basic Materials | Industry: Gold | Exchange: NYSE (USA) | Market Cap: 19.605m USD | Total Return: 68.5% in 12m
Avg Turnover: 232M
EPS Trend: 87.2%
Qual. Beats: 2
Rev. Trend: 97.9%
Qual. Beats: 0
Warnings
Share dilution 16.4% YoY
Beneish M-Score 1.00 > -1.5 - likely earnings manipulation
Choppy Below Avwap Earnings
Tailwinds
No distinct edge detected
Pan American Silver Corp. is a Vancouver-based mining company focused on the exploration, extraction, and refining of precious and base metals across the Americas. Its primary operations are concentrated in Canada, Mexico, Peru, Brazil, Argentina, and Chile, with a diversified portfolio consisting of dedicated silver and gold production segments. The company also extracts zinc, lead, and copper as secondary outputs from its mining activities.
The silver mining sector often relies on these base metal by-products to offset operational costs and improve mine site margins. Since its incorporation in 1979, the company has expanded through both mine development and strategic acquisitions, positioning itself as a major producer in the global silver market. Investors can find more detailed valuation metrics and historical performance data on ValueRay. This business model requires significant capital expenditure for mine reclamation and environmental compliance following the extraction phase.
- Silver and gold price volatility dictates bottom-line earnings and free cash flow
- Yamana Gold asset integration achieves operational synergies and lowers unit costs
- Escalating production costs at Latin American mines impact consolidated profit margins
- Community relations and permitting delays in Guatemala affect Escobal mine restart
- Fluctuating industrial demand for silver influences long-term revenue growth and valuation
| Net Income: 1.27b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.13 > 0.02 and ΔFCF/TA 6.07 > 1.0 |
| NWC/Revenue: 41.04% < 20% (prev 38.85%; Δ 2.19% < -1%) |
| CFO/TA 0.17 > 3% & CFO 1.72b > Net Income 1.27b |
| Net Debt (-640.0m) to EBITDA (2.24b): -0.29 < 3 |
| Current Ratio: 2.84 > 1.5 & < 3 |
| Outstanding Shares: last quarter (421.9m) vs 12m ago 16.39% < -2% |
| Gross Margin: 43.79% > 18% (prev 24.35%; Δ 19.44% > 0.5%) |
| Asset Turnover: 46.35% > 50% (prev 41.51%; Δ 4.84% > 0%) |
| Interest Coverage Ratio: 25.18 > 6 (EBIT TTM 1.74b / Interest Expense TTM 69.1m) |
| A: 0.16 (Total Current Assets 2.54b - Total Current Liabilities 896.0m) / Total Assets 10.1b |
| B: -0.01 (Retained Earnings -149.0m / Total Assets 10.1b) |
| C: 0.20 (EBIT TTM 1.74b / Avg Total Assets 8.67b) |
| D: 2.65 (Book Value of Equity 7.35b / Total Liabilities 2.78b) |
| Altman-Z'' = 5.15 = AAA |
| DSRI: 0.87 (Receivables 236.0m/201.3m, Revenue 4.02b/2.99b) |
| GMI: 0.56 (GM 24.35% / 43.79%) |
| AQI: 10.54 (AQ_t 0.23 / AQ_t-1 0.02) |
| SGI: 1.34 (Revenue 4.02b / 2.99b) |
| TATA: -0.04 (NI 1.27b - CFO 1.72b) / TA 10.1b) |
| Beneish M = 2.37 (Cap -4..+1) = D |
As of June 14, 2026, the stock is trading at USD 48.14 with a total of 5,990,751 shares traded.
Over the past week, the price has changed by +1.18%,
over one month by -24.27%,
over three months by -19.60% and
over the past year by +68.49%.
Pan American Silver has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy PAAS.
- StrongBuy: 3
- Buy: 3
- Hold: 3
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 70.8 | 47% |
P/E Trailing = 14.6782
P/E Forward = 10.4932
P/S = 4.9014
P/B = 2.666
P/EG = 7.0214
Revenue TTM = 4.02b USD
EBIT TTM = 1.74b USD
EBITDA TTM = 2.24b USD
Long Term Debt = 712.0m USD (from longTermDebt, last quarter)
Short Term Debt = 55.0m USD (from shortTermDebt, last quarter)
Debt = 974.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 129.0m
Net Debt = -640.0m USD (calculated: Debt 974.0m - CCE 1.61b)
Enterprise Value = 19.0b USD (19.6b + Debt 974.0m - CCE 1.61b)
Interest Coverage Ratio = 25.18 (Ebit TTM 1.74b / Interest Expense TTM 69.1m)
EV/FCF = 13.90x (Enterprise Value 19.0b / FCF TTM 1.36b)
FCF Yield = 7.20% (FCF TTM 1.36b / Enterprise Value 19.0b)
FCF Margin = 33.97% (FCF TTM 1.36b / Revenue TTM 4.02b)
Net Margin = 31.69% (Net Income TTM 1.27b / Revenue TTM 4.02b)
Gross Margin = 43.79% ((Revenue TTM 4.02b - Cost of Revenue TTM 2.26b) / Revenue TTM)
Gross Margin QoQ = 52.69% (prev 47.21%)
Tobins Q-Ratio = 1.87 (Enterprise Value 19.0b / Total Assets 10.1b)
Interest Expense / Debt = 7.09% (Interest Expense 69.1m / Debt 974.0m)
Taxrate = 23.89% (399.8m / 1.67b)
NOPAT = 1.32b (EBIT 1.74b * (1 - 23.89%))
Current Ratio = 2.84 (Total Current Assets 2.54b / Total Current Liabilities 896.0m)
Debt / Equity = 0.13 (Debt 974.0m / totalStockholderEquity, last quarter 7.35b)
Debt / EBITDA = -0.29 (Net Debt -640.0m / EBITDA 2.24b)
Debt / FCF = -0.47 (Net Debt -640.0m / FCF TTM 1.36b)
Total Stockholder Equity = 6.48b (last 4 quarters mean from totalStockholderEquity)
RoA = 14.69% (Net Income 1.27b / Total Assets 10.1b)
RoE = 19.65% (Net Income TTM 1.27b / Total Stockholder Equity 6.48b)
RoCE = 24.19% (EBIT 1.74b / Capital Employed (Equity 6.48b + L.T.Debt 712.0m))
RoIC = 14.57% (NOPAT 1.32b / Invested Capital 9.09b)
WACC = 9.46% (E(19.6b)/V(20.6b) * Re(9.66%) + D(974.0m)/V(20.6b) * Rd(7.09%) * (1-Tc(0.24)))
Discount Rate = 9.66% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.45 | Cagr: 9.29%
[DCF] Terminal Value 74.47% ; FCFF base≈1.03b ; Y1≈1.18b ; Y5≈1.74b
[DCF] Fair Price = 53.55 (EV 21.9b - Net Debt -640.0m = Equity 22.6b / Shares 421.4m; r=9.46% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.19 | EPS CAGR: 393.6% | SUE: 1.08 | # QB: 2
Revenue Correlation: 97.92 | Revenue CAGR: 29.34% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.03 | Chg30d=N/A | Revisions=-33% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.17 | Chg30d=N/A | Revisions=-33% | Analysts=7
EPS current Year (2026-12-31): EPS=4.47 | Chg30d=N/A | Revisions=+27% | GrowthEPS=+76.0% | GrowthRev=+40.3%
EPS next Year (2027-12-31): EPS=5.07 | Chg30d=N/A | Revisions=+33% | GrowthEPS=+13.5% | GrowthRev=+2.4%
[Analyst] Revisions Ratio: -33%