Overview Dividends

(PAAS) Pan American Silver - Ratings and Ratios

Exchange: NYSE • Country: Canada • Currency: USD • Type: Common Stock • ISIN: CA6979001089

Silver,Gold,Zinc,Lead,Copper

PAAS EPS (Earnings per Share)

EPS Growth (3Y CAGR): 182.07%
EPS Trend (3Y Correlation): 86.5%

PAAS Revenue

Revenue Growth (3Y CAGR): 34.86%
Revenue Trend (3Y Correlation): 88.1%

Risk via 10d forecast
Volatility	48.2%
Value at Risk 5%th	73.9%
Relative Tail Risk	-6.80%

Reward TTM
Sharpe Ratio	1.40
Alpha	67.34

Character TTM
Hurst Exponent	0.524
Beta	0.668
Beta Downside	1.159

Drawdowns 3y
Max DD	36.50%
Mean DD	12.38%
Median DD	11.86%

Description: PAAS Pan American Silver October 31, 2025

Pan American Silver Corp. (NYSE: PAAS) is a vertically integrated mining company that explores, develops, extracts, processes, refines, and reclaims metal deposits across North and South America, with operations in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The firm’s commodity portfolio includes silver, gold, zinc, lead, and copper.

Founded in 1979 and headquartered in Vancouver, Canada, the company rebranded from Pan American Minerals Corp. to Pan American Silver Corp. in April 1995 and now trades as a common stock under the ticker PAAS within the GICS Sub-Industry “Silver.”

Key recent performance metrics (2023): produced 31.5 million ounces of silver, generated US$1.1 billion of operating cash flow, and reported an all-in sustaining cost (AISC) of ≈ US$12.5 per ounce of silver, positioning it among the lower-cost producers in the sector. Net debt stood at US$530 million, giving a debt-to-EBITDA ratio of roughly 2.2×, indicating moderate leverage.

Macro-level drivers that materially affect PAAS’s outlook include: (1) robust demand for silver from solar-photovoltaic modules and electric-vehicle battery technologies, which historically supports a price premium; (2) inflation-hedge behavior that elevates silver’s safe-haven appeal during periods of monetary tightening; and (3) the company’s diversified geographic exposure, which mitigates country-specific political risk but introduces currency and regulatory variability.

For a deeper, data-rich analysis of PAAS’s valuation dynamics and scenario modeling, you may find the research tools on ValueRay worth exploring.

PAAS Stock Overview

Market Cap in USD	16,481m
Sub-Industry	Silver
IPO / Inception	1995-06-12
Return 12m vs S&P 500	56.2%
Analyst Rating	4.0 of 5

PAAS Dividends

Dividend Yield	1.09%
Yield on Cost 5y	1.41%
Yield CAGR 5y	16.12%
Payout Consistency	90.0%
Payout Ratio	25.0%

PAAS Growth Ratios

CAGR 3y	40.63%
CAGR/Max DD Calmar Ratio	1.11
CAGR/Mean DD Pain Ratio	3.28
Current Volume	6310.6k
Average Volume	5077.1k

Piotroski VR‑10 (Strict, 0-10) 7.5

Net Income (634.1m TTM) > 0 and > 6% of Revenue (6% = 195.3m TTM)

FCFTA 0.08 (>2.0%) and ΔFCFTA 4.51pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 30.92% (prev 29.18%; Δ 1.74pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.11 (>3.0%) and CFO 1.05b > Net Income 634.1m (YES >=105%, WARN >=100%)

Net Debt (-13.2m) to EBITDA (1.52b) ratio: -0.01 <= 3.0 (WARN <= 3.5)

Current Ratio 2.31 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (378.9m) change vs 12m ago 4.36% (target <= -2.0% for YES)

Gross Margin 31.40% (prev 16.86%; Δ 14.54pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 39.94% (prev 37.38%; Δ 2.56pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio 17.18 (EBITDA TTM 1.52b / Interest Expense TTM 56.7m) >= 6 (WARN >= 3)

Altman Z'' 3.92

(A) 0.11 = (Total Current Assets 1.77b - Total Current Liabilities 766.4m) / Total Assets 9.15b

(B) -0.10 = Retained Earnings (Balance) -898.7m / Total Assets 9.15b

(D) 2.58 = Book Value of Equity 6.52b / Total Liabilities 2.52b

Total Rating: 3.92 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 81.10

1. Piotroski 7.50pt = 2.50

2. FCF Yield 4.54% = 2.27

3. FCF Margin 22.92% = 5.73

4. Debt/Equity 0.13 = 2.49

5. Debt/Ebitda -0.01 = 2.50

6. ROIC - WACC (= 2.94)% = 3.68

7. RoE 12.02% = 1.00

8. Rev. Trend 88.06% = 6.60

9. EPS Trend 86.49% = 4.32

What is the price of PAAS shares?

As of November 15, 2025, the stock is trading at USD 38.51 with a total of 6,310,600 shares traded.
Over the past week, the price has changed by +10.63%, over one month by -2.60%, over three months by +23.07% and over the past year by +79.02%.

Is Pan American Silver a good stock to buy?

Yes, based on ValueRay´s Fundamental Analyses, Pan American Silver (NYSE:PAAS) is currently (November 2025) a good stock to buy. It has a ValueRay Fundamental Rating of 81.10 and therefor a positive outlook according to the companies health.
Based on momentum, paid dividends and discounted-cash-flow analyses, the fair value of PAAS is around 39.38 USD . This means that PAAS is currently overvalued and has a potential downside of 2.26%.

Is PAAS a buy, sell or hold?

Pan American Silver has received a consensus analysts rating of 4.00. Therefore, it is recommended to buy PAAS.

Strong Buy: 3
Buy: 3
Hold: 3
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the PAAS price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	47.6	23.7%
Analysts Target Price	47.6	23.7%
ValueRay Target Price	43.8	13.6%

PAAS Fundamental Data Overview November 15, 2025

Market Cap USD = 16.48b (16.48b USD * 1.0 USD.USD)
P/E Trailing = 22.5723
P/E Forward = 12.0192
P/S = 5.2886
P/B = 2.4907
P/EG = 7.59
Beta = 1.156
Revenue TTM = 3.25b USD
EBIT TTM = 973.5m USD
EBITDA TTM = 1.52b USD
Long Term Debt = 707.0m USD (from longTermDebt, last quarter)
Short Term Debt = 59.6m USD (from shortTermDebt, last quarter)
Debt = 857.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -13.2m USD (from netDebt column, last quarter)
Enterprise Value = 16.43b USD (16.48b + Debt 857.0m - CCE 910.8m)
Interest Coverage Ratio = 17.18 (Ebit TTM 973.5m / Interest Expense TTM 56.7m)
FCF Yield = 4.54% (FCF TTM 746.1m / Enterprise Value 16.43b)
FCF Margin = 22.92% (FCF TTM 746.1m / Revenue TTM 3.25b)
Net Margin = 19.48% (Net Income TTM 634.1m / Revenue TTM 3.25b)
Gross Margin = 31.40% ((Revenue TTM 3.25b - Cost of Revenue TTM 2.23b) / Revenue TTM)
Gross Margin QoQ = 36.63% (prev 33.66%)
Tobins Q-Ratio = 1.80 (Enterprise Value 16.43b / Total Assets 9.15b)
Interest Expense / Debt = 1.66% (Interest Expense 14.2m / Debt 857.0m)
Taxrate = 32.08% (79.9m / 249.1m)
NOPAT = 661.2m (EBIT 973.5m * (1 - 32.08%))
Current Ratio = 2.31 (Total Current Assets 1.77b / Total Current Liabilities 766.4m)
Debt / Equity = 0.13 (Debt 857.0m / totalStockholderEquity, last quarter 6.62b)
Debt / EBITDA = -0.01 (Net Debt -13.2m / EBITDA 1.52b)
Debt / FCF = -0.02 (Net Debt -13.2m / FCF TTM 746.1m)
Total Stockholder Equity = 5.27b (last 4 quarters mean from totalStockholderEquity)
RoA = 6.93% (Net Income 634.1m / Total Assets 9.15b)
RoE = 12.02% (Net Income TTM 634.1m / Total Stockholder Equity 5.27b)
RoCE = 16.28% (EBIT 973.5m / Capital Employed (Equity 5.27b + L.T.Debt 707.0m))
RoIC = 11.05% (NOPAT 661.2m / Invested Capital 5.98b)
WACC = 8.11% (E(16.48b)/V(17.34b) * Re(8.47%) + D(857.0m)/V(17.34b) * Rd(1.66%) * (1-Tc(0.32)))
Discount Rate = 8.47% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 4.72%
[DCF Debug] Terminal Value 68.55% ; FCFE base≈551.9m ; Y1≈362.3m ; Y5≈165.7m
Fair Price DCF = 7.18 (DCF Value 3.03b / Shares Outstanding 422.0m; 5y FCF grow -40.0% → 3.0% )
EPS Correlation: 86.49 | EPS CAGR: 182.1% | SUE: -0.32 | # QB: 0
Revenue Correlation: 88.06 | Revenue CAGR: 34.86% | SUE: 0.05 | # QB: 0

Additional Sources for PAAS Stock

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