PAAS

Pan American Silver Corp.

Fundamental data last updated:September 22, 2026

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company profile

SECTOR

Basic Materials

industry

Silver

Exchange

NYSE

County of HQ

CA

Next Earnings Date

Pending Announcement

Business Summary

Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995. Pan American Silver Corp. was incorporated in 1979 and is headquartered in Vancouver, Canada.

 


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VALUATION

P/E

18.56

Market Cap ($M USD)

$23.61B

Forward P/E

27.34

PEG

-0.85

PRICE TO SALES

5.88

PRICE TO BOOK

3.21

EV / EBITDA

10.71

5-Year Average P/E

Free Cash Flow Yield

5.78%

DCF Value

$14.94

Graham Number

$34.41

Price to FCF

17.30

EV to FCF

16.82

Earnings Yield

5.39%

FCF Yield

5.78%

DIVIDEND

Yield

1.11%

Annual Payout

$0.62

Payout Ratio

16.95%

Consecutive Years of Dividend Growth

5-Year Dividend Growth Rate

Financial Health & Profitability

Earnings Per Share

$3.02

Next Year EPS Growth Estimate

$2.05

Next Year Revenue Growth Estimate

$2.90B

Return on Equity (ROE)

19.65%

FREE CASH FLOW

Operating Margin

37.90%

Debt-to-Equity

0.13

Piotroski F-Score

6

Altman Z-Score

6.05

Return on Invested Capital (ROIC)

16.49%

Current Ratio

2.84

Quick Ratio

2.11

Net Debt to EBITDA

-0.30

Interest Coverage

22.04

Gross Profit margin

43.79%

FCF PER SHARE

$3.24

REVENUE PER SHARE

$9.52

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Gainseekers Quantitative Analysis

Summary

The market seems to be mispricing Pan American Silver Corp. relative to its DCF Value and Graham Number, suggesting a potential overvaluation. With a Forward P/E of 30.40, the stock appears expensive, especially when juxtaposed with an Earnings Yield of just 5.10%. However, the Altman Z-score of 6.49 indicates robust financial health, suggesting low bankruptcy risk. Despite these safety nets, the stock’s valuation metrics hint at a disconnect between market expectations and intrinsic value.

AI Exposure / Tech Reliance

In the silver industry, Pan American Silver Corp. is less directly impacted by AI and tech shifts compared to tech-centric sectors. However, advancements in mining technology and automation could enhance operational efficiency. The company must stay agile to leverage these innovations for cost reductions and productivity gains.

The Bull Case

For a value or GARP investor, Pan American Silver Corp. offers compelling strengths. The ROIC of 16.49% and a solid FCF Yield indicate efficient capital allocation and cash generation. With a Piotroski F-Score of 6, the company demonstrates decent financial health, while an Operating Margin of 37.90% underscores its pricing power. These metrics suggest a company capable of delivering strong returns on invested capital.

The Bear Case

Despite its strengths, the stock faces significant structural risks. High valuation multiples, such as a Price/Book of 3.39 and Price/Sales of 6.20, suggest it may be overextended. The Forward P/E of 30.40 raises concerns about future growth expectations. Additionally, trading close to its 52-week high, the stock appears technically overbought, potentially limiting upside.

Market Sentiment & Smart Money

Short Interest %

Analyst Consensus

Buy

Average Analyst Price Target

$74.40

Institutional Ownership %

1-Year Beta

1.49

Insider Buying % (6 Mo)

Distance to 52-Week High

24.92%

Distance to 52-Week Low

57.38%

EARNINGS SURPRISE %

2.83%

50-DAY SMA

$55.02

200-DAY SMA

$48.28

⚠️ Financial Disclaimer:
This content is for informational purposes only and is not financial advice. Information may be delayed or inaccurate. We may earn a commission from partner links.