PAAS Stock Analysis: Pan American Silver | NYSE
Gold | NYSE, USA | Market Cap: 18.590m USD | 12M Return: 45.5% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 218M
EPS Trend: 87.2%
Qual. Beats: 2
Rev. Trend: 97.9%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Pan American Silver Corp. (NYSE: PAAS) is a Canadian-headquartered precious metals mining company that operates across the full mining lifecycle-from exploration and mine development through extraction, processing, refining, and reclamation. The company reports two operating segments: a Silver segment (La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines) and a Gold segment (Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines), and it also explores for zinc, lead, and copper. Originally incorporated in 1979 as Pan American Minerals Corp., it adopted its current name in April 1995 and is headquartered in Vancouver, with operations spanning eight countries in the Americas.
The company sits within the GICS Materials sector, classified specifically under the Silver sub-industry. Silver miners typically generate revenue by selling bullion and concentrate to refiners, industrial users, and precious metals markets, and silver is frequently recovered as a byproduct of lead, zinc, and copper mining-relevant given PAASs exposure to these base metals in addition to precious metals. The Americas, and Latin America in particular, host a large share of global silver mine production, making the companys geographic footprint strategically aligned with the worlds primary silver-producing regions.
- Silver and gold prices drive segment revenue and margins
- LATAM political and regulatory risks threaten Peruvian and Mexican operations
- Yamana and MAG Silver acquisitions expand production capacity
| 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 July 14, 2026, the stock is trading at USD 42.70 with a total of 2,689,570 shares traded. Over the past week, the price has changed by -5.15%, over one month by -16.23%, over three months by -25.20% and over the past year by +45.48%.
Current recommended Stop Loss: 38.80 (which is 9.1% or 1.7 ATR below the current price).
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 | 69.6 | 63.1% |
P/E Trailing = 13.4512
P/E Forward = 9.5694
P/S = 4.6475
P/B = 2.4408
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 = 17.9b USD (18.6b + Debt 974.0m - CCE 1.61b)
Interest Coverage Ratio = 25.18 (Ebit TTM 1.74b / Interest Expense TTM 69.1m)
EV/FCF = 13.15x (Enterprise Value 17.9b / FCF TTM 1.36b)
FCF Yield = 7.60% (FCF TTM 1.36b / Enterprise Value 17.9b)
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 = 1.77 (Enterprise Value 17.9b / 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 = 9.59% (E(18.6b)/V(19.6b) * Re(9.81%) + D(974.0m)/V(19.6b) * Rd(7.09%) * (1-Tc(0.24)))
Discount Rate = 9.81% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 40.45 | Cagr: 9.29%
[DCF] Terminal Value 74.06% ; FCFF base≈1.03b ; Y1≈1.18b ; Y5≈1.74b
[DCF] Fair Price = 52.55 (EV 21.5b - Net Debt -640.0m = Equity 22.1b / Shares 421.4m; r=9.59% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 87.19 | EPS CAGR: 393.6% | SUE: 1.15 | # QB: 2
Revenue Correlation: 97.92 | Revenue CAGR: 29.34% | SUE: -0.39 | # QB: 0
EPS current Quarter (2026-06-30): EPS=1.00 | Chg30d=-2.78% | Revisions=-50% | Analysts=7
EPS next Quarter (2026-09-30): EPS=1.02 | Chg30d=-12.48% | Revisions=-50% | Analysts=7
EPS current Year (2026-12-31): EPS=4.24 | Chg30d=-5.04% | Revisions=-29% | GrowthEPS=+67.1% | GrowthRev=+36.5%
EPS next Year (2027-12-31): EPS=5.03 | Chg30d=-0.90% | Revisions=-38% | GrowthEPS=+18.5% | GrowthRev=+4.3%
[Analyst] Revisions Ratio: -61% (up=2, down=13)