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Pan American Silver Corp.

TSX:PAAS Stock Report

Market Cap: CA$29.2b

  • Company Overview
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividend
  • Management
  • Ownership
  • Other Information
  • Stock Community

Pan American Silver Dividends and Buybacks

Dividend criteria checks 3/6

Pan American Silver is a dividend paying company with a current yield of 1.44% that is well covered by earnings.

Key information

1.4%

Dividend yield

1.3%

Buyback Yield

Total Shareholder Yield2.7%
Future Dividend Yield1.5%
Dividend Growth14.6%
Next dividend pay daten/a
Ex dividend daten/a
Dividend per sharen/a
Payout ratio18%

Recent dividend and buyback updates

Recent updates

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Narrative Update • Aug 07

PAAS: Project Execution And Precious Metal Upside Will Drive Future Returns

Analysts have updated their view on Pan American Silver with a lower fair value estimate and a higher CA$95 price target, reflecting revised assumptions for discount rates, revenue growth, profit margins and future P/E multiples in light of recent Street research. Analyst Commentary Recent Street research on Pan American Silver shows a mix of optimism and caution as analysts reset their price targets and model assumptions.
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Narrative Update • Jul 24

PAAS: Higher Commodity Assumptions Will Support Stronger Long Term Earnings Power

Analysts have lifted their fair value estimate for Pan American Silver from CA$84.11 to CA$106.45, as updated assumptions for revenue growth, profit margins and a higher future P/E multiple align with recent Street price target shifts, including Scotiabank's move to CA$95 and other recalibrations around commodity price expectations. Analyst Commentary on Pan American Silver Recent Street research around Pan American Silver points to a mix of optimism on long term value and caution around near term commodity headwinds, which helps explain why fair value estimates and price targets span a wide range.
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Narrative Update • Jul 10

PAAS: Earnings Momentum And Silver Rebound Potential Will Drive Future Upside

For Pan American Silver, the analyst price target has been reset to CA$97.14 from CA$73.64 as analysts factor in revised commodity price assumptions, a higher discount rate of 7.82% and updated expectations for revenue growth, profit margins and future P/E levels. Analyst Commentary Recent commentary on Pan American Silver points to a more cautious stance on valuation as analysts adjust price targets to reflect updated commodity price assumptions and cost pressures.
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Narrative Update • Jun 26

PAAS: Timmins Expansion And La Colorada Plan Will Drive Future Upside Potential

The analyst price target for Pan American Silver has been raised to CA$76.01 from CA$63.05, with analysts citing updated assumptions on discount rates, revenue growth, profit margins, and future P/E expectations to support the higher valuation. Analyst Commentary Alongside the higher price target, recent commentary around Pan American Silver points to a mix of optimism and caution.
Analysis Article • Dec 02

Pan American Silver Corp. (TSE:PAAS) Stock Rockets 31% As Investors Are Less Pessimistic Than Expected

Despite an already strong run, Pan American Silver Corp. ( TSE:PAAS ) shares have been powering on, with a gain of 31...
Analysis Article • Nov 15

Pan American Silver Corp. Just Missed Earnings - But Analysts Have Updated Their Models

Shareholders of Pan American Silver Corp. ( TSE:PAAS ) will be pleased this week, given that the stock price is up 11...

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: PAAS's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAAS's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Pan American Silver Dividend Yield vs Market
How does PAAS dividend yield compare to the market?
SegmentDividend Yield
Company (PAAS)1.4%
Market Bottom 25% (CA)1.5%
Market Top 25% (CA)5.7%
Industry Average (Metals and Mining)1.3%
Analyst forecast (PAAS) (up to 3 years)1.5%

Notable Dividend: PAAS's dividend (1.44%) isn’t notable compared to the bottom 25% of dividend payers in the Canadian market (1.49%).

High Dividend: PAAS's dividend (1.44%) is low compared to the top 25% of dividend payers in the Canadian market (5.72%).


Earnings Payout to Shareholders

Earnings Coverage: With its low payout ratio (18.4%), PAAS's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (23.2%), PAAS's dividend payments are well covered by cash flows.


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/21 03:40
End of Day Share Price 2026/09/18 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
  • SEC Form 10-K
  • SEC Form 10-Q
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
  • Analyst Research Reports
  • Blue Matrix
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
  • ICE Market Data
  • SEC Form S-1
Ownership10 years
  • Top shareholders
  • Insider trading
  • SEC Form 4
  • SEC Form 13D
Management10 years
  • Leadership team
  • Board of directors
  • SEC Form 10-K
  • SEC Form DEF 14A
Key Developments10 years
  • Company announcements
  • SEC Form 8-K

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pan American Silver Corp. is covered by 24 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Matthew MurphyBMO Capital Markets Equity Research
Kevin O'HalloranBMO Capital Markets Equity Research
Lawson WinderBofA Global Research

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