PAAS Stock Analysis: Pan American Silver | NYSE
Gold | NYSE, USA | Market Cap: 18.790m USD | 12M Return: 13.4% | CA6979001089 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 141M
EPS Trend: 88.8%
Qual. Beats: -1
Rev. Trend: 98.7%
Qual. Beats: 0
Warnings
Tailwinds
No distinct edge detected
Seasonality 11.7 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. (PAAS) is a Vancouver-based precious metals mining company incorporated in 1979 and listed on the NYSE since 1995. It operates across the full mining value chain-from exploration and mine development through extraction, processing, refining, and reclamation-with assets in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The company is organized into a Silver segment (La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente) and a Gold segment (Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores), and also explores for zinc, lead, and copper deposits. As a large-cap Materials-sector issuer classified under the GICS Silver sub-industry, Pan American Silver is a primary silver producer whose revenue mix is supplemented by by-product credits from base metals such as zinc, lead, and copper recovered during ore processing.
- Silver prices rally on industrial demand and safe-haven flows
- Jacobina and El Peñon gold output boosts consolidated margins
- Peru and Mexico mining policy shifts raise regulatory risk
| Net Income: 1.38b TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.15 > 0.02 and ΔFCF/TA 5.90 > 1.0 |
| NWC/Revenue: 40.75% < 20% (prev 42.05%; Δ -1.30% < -1%) |
| CFO/TA 0.19 > 3% & CFO 1.92b > Net Income 1.38b |
| Net Debt (-739.0m) to EBITDA (2.40b): -0.31 < 3 |
| Current Ratio: 2.94 > 1.5 & < 3 |
| Outstanding Shares: last quarter (420.3m) vs 12m ago 16.08% < -2% |
| Gross Margin: 44.57% > 18% (prev 28.39%; Δ 16.18% > 0.5%) |
| Asset Turnover: 49.15% > 50% (prev 42.34%; Δ 6.81% > 0%) |
| Interest Coverage Ratio: 28.35 > 6 (EBIT TTM 1.90b / Interest Expense TTM 67.0m) |
| A: 0.17 (Total Current Assets 2.66b - Total Current Liabilities 904.9m) / Total Assets 10.1b |
| B: -0.01 (Retained Earnings -67.9m / Total Assets 10.1b) |
| C: 0.22 (EBIT TTM 1.90b / Avg Total Assets 8.75b) |
| D: 2.63 (Book Value of Equity 7.35b / Total Liabilities 2.79b) |
| Altman-Z'' = 5.33 = AAA |
| DSRI: 1.04 (Receivables 266.7m/185.2m, Revenue 4.30b/3.12b) |
| GMI: 0.64 (GM 28.39% / 44.57%) |
| AQI: 10.20 (AQ_t 0.22 / AQ_t-1 0.02) |
| SGI: 1.38 (Revenue 4.30b / 3.12b) |
| TATA: -0.05 (NI 1.38b - CFO 1.92b) / TA 10.1b) |
| Beneish M = 2.40 (Cap -4..+1) = D |
As of October 13, 2026, the stock is trading at USD 45.71 with a total of 1,470,900 shares traded. Over the past week, the price has changed by +0.86%, over one month by -6.02%, over three months by +7.42% and over the past year by +13.44%.
Current recommended Stop Loss: 42.40 (which is 7.2% or 1.9 ATR below the current price).
Pan American Silver has received a consensus analysts rating of 4.22. Therefore, it is recommended to buy PAAS.
- StrongBuy: 4
- Buy: 3
- Hold: 2
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 64.5 | 41.2% |
P/E Trailing = 13.4083
P/E Forward = 12.4069
P/S = 4.3577
P/B = 2.8654
P/EG = 7.0214
Revenue TTM = 4.30b USD
EBIT TTM = 1.90b USD
EBITDA TTM = 2.40b USD
Long Term Debt = 714.0m USD (from longTermDebt, last quarter)
Short Term Debt = 52.9m USD (from shortTermDebt, last quarter)
Debt = 964.0m USD (from shortLongTermDebtTotal, last quarter) + Leases 124.0m
Net Debt = -739.0m USD (calculated: Debt 964.0m - CCE 1.70b)
Enterprise Value = 18.1b USD (18.8b + Debt 964.0m - CCE 1.70b)
Interest Coverage Ratio = 28.35 (Ebit TTM 1.90b / Interest Expense TTM 67.0m)
EV/FCF = 11.76x (Enterprise Value 18.1b / FCF TTM 1.54b)
FCF Yield = 8.50% (FCF TTM 1.54b / Enterprise Value 18.1b)
FCF Margin = 35.69% (FCF TTM 1.54b / Revenue TTM 4.30b)
Net Margin = 32.09% (Net Income TTM 1.38b / Revenue TTM 4.30b)
Gross Margin = 44.57% ((Revenue TTM 4.30b - Cost of Revenue TTM 2.38b) / Revenue TTM)
Gross Margin QoQ = 39.32% (prev 52.69%)
Tobins Q-Ratio = 1.78 (Enterprise Value 18.1b / Total Assets 10.1b)
Interest Expense / Debt = 6.95% (Interest Expense 67.0m / Debt 964.0m)
Taxrate = 27.71% (529.4m / 1.91b)
NOPAT = 1.37b (EBIT 1.90b * (1 - 27.71%))
Current Ratio = 2.94 (Total Current Assets 2.66b / Total Current Liabilities 904.9m)
Debt / Equity = 0.13 (Debt 964.0m / totalStockholderEquity, last quarter 7.35b)
Debt / EBITDA = -0.31 (Net Debt -739.0m / EBITDA 2.40b)
Debt / FCF = -0.48 (Net Debt -739.0m / FCF TTM 1.54b)
Total Stockholder Equity = 7.08b (last 4 quarters mean from totalStockholderEquity)
RoA = 15.77% (Net Income 1.38b / Total Assets 10.1b)
RoE = 19.51% (Net Income TTM 1.38b / Total Stockholder Equity 7.08b)
RoCE = 24.39% (EBIT 1.90b / Capital Employed (Equity 7.08b + L.T.Debt 714.0m))
RoIC = 15.13% (NOPAT 1.37b / Invested Capital 9.08b)
WACC = 9.25% (E(18.8b)/V(19.8b) * Re(9.47%) + D(964.0m)/V(19.8b) * Rd(6.95%) * (1-Tc(0.28)))
Discount Rate = 9.47% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 83.70 | Cagr: 6.54%
[DCF] Terminal Value 75.10% ; FCFF base≈1.19b ; Y1≈1.37b ; Y5≈2.01b
[DCF] Fair Price = 64.80 (EV 26.1b - Net Debt -739.0m = Equity 26.9b / Shares 414.6m; r=9.25% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 88.78 | EPS CAGR: 421.6% | SUE: -0.96 | # QB: -1
Revenue Correlation: 98.69 | Revenue CAGR: 27.74% | SUE: -0.28 | # QB: 0
EPS current Quarter (2026-09-30): EPS=0.89 | Chg30d=-4.93% | Revisions=-57% | Analysts=5
EPS current Year (2026-12-31): EPS=3.62 | Chg30d=-1.98% | Revisions=+0% | GrowthEPS=+42.4% | GrowthRev=+24.4%
EPS next Year (2027-12-31): EPS=4.58 | Chg30d=-2.63% | Revisions=-12% | GrowthEPS=+26.8% | GrowthRev=+6.6%
[Analyst] Revisions Ratio: -31% (up=4, down=9)