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Pan American Silver Corp.

PAAS

Last
$46.27
Day
+2.1%
1y
+17.5%
5y
+94.3%
52w
-35.3%
SPY YTD
+13.3%
XLB
+6.8%
Earnings
2026-11-1132d
EMA 21
46.97
EMA 50
48.07
EMA 200
48.26
20d high
-11.6%
5y high
-35.3%
5y range
57th
Website · 9,348 employees · Canada

Positions held

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Score
-24
Hold
avoid
Signal
Strong Sell
Target
$48.25
Stop
$42.86
Stop distance
7.4%
Target vs last
+4.3%

Bull / bear case

Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.

Bull case
  • Pan American Silver Corp. is well-positioned in the gold industry, benefiting from a strong revenue growth of 38.4% year-over-year, indicating robust demand for its products.
  • The company reported a net income of $304 million in Q2 2026, showcasing a significant increase from the previous quarter's $457 million.
  • With a market cap of approximately $19 billion and a trailing P/E ratio of 13.6, PAAS is considered undervalued compared to industry peers.
Bear case
  • Despite its growth potential, Pan American Silver Corp. has faced significant operational challenges, with a recent operating margin compression to 38% from 52.7% in the prior quarter.
  • The company's quarterly revenue decreased by 3% compared to the previous quarter, dropping from $1.2 billion to $1.1 billion.
  • Current market signals indicate a 'Strong Sell' with a score of -16.00, reflecting negative trends in key technical indicators.

Fundamentals

Market cap$18.79BEnterprise value$18.04BTrailing P/E13.41Forward P/E9.88
PEG7.02Price / book2.57Beta1.59Dividend yield1.62%
Revenue growth38.4%Earnings growth38.5%Gross margin55.9%Operating margin37.8%
Profit margin32.0%ROE22.4%ROA11.8%Debt / equity0.11
Current ratio2.94Free cash flow$1.32BAnalyst recommendationbuyMean target$64.53
52w high$69.9952w low$33.08

Quarterly

2026-Q22026-Q12025-Q42025-Q32025-Q22025-Q1
Revenue$1.1B$1.2B$1.2B$855M$812M—
Op margin38.0%48.5%38.4%29.3%28.8%—
Net income$304M$457M$452M$169M$189M—
Gross margin40.7%52.7%48.2%36.6%33.6%—
Gross profit$457M$608M$568M$313M$273M—
Operating income$427M$560M$453M$250M$234M—
  • Revenue -3% vs prior quarter ($1.1B vs $1.2B).
  • Gross margin 40.7% (was 52.7% prior quarter).
  • Operating margin compressed to 38%.

Yearly (6y)

20252024202320222021
Revenue$3.6B$2.8B$2.3B$1.5B—
Op margin31.4%12.4%3.6%-4.4%—
Net income$978M$112M-$104M-$342M—
Gross margin38.8%19.5%12.8%3.2%—
Gross profit$1.4B$549M$297M$48.4M—
Operating income$1.1B$350M$82.7M-$66.3M—
Headline scan

No flags

• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).

News

PAAS · daily-10.9% over 13 sessions
Close EMA21 EMA50 EMA200
43.3845.4347.4949.5551.612026-092026-092026-092026-092026-102026-102026-10
Quarterly · revenue, net income, margins
Revenue Net income Gross margin Op margin
$0M$295M$590M$884M$1.2B0%26%53%2025-Q22025-Q32025-Q42026-Q12026-Q2