PAAS Stock Overview

Engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. More details

PAAS fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	2/6
Financial Health	4/6
Dividends	2/6

Rewards

Became profitable this year

Risk Analysis

Large one-off items impacting financial results

Community vs My Fair Value

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Pan American Silver Corp. Competitors

Fortuna Mining

TSX:FVI

CA$2.4b

MAG Silver

TSX:MAG

CA$2.4b

Silvercorp Metals

TSX:SVM

CA$1.2b

GoGold Resources

TSX:GGD

CA$628.8m

Price History & Performance

Summary of share price highs, lows and changes for Pan American Silver
Historical stock prices
Current Share Price	CA$31.89
52 Week High	CA$39.70
52 Week Low	CA$24.96
Beta	0.93
1 Month Change	-11.29%
3 Month Change	-8.20%
1 Year Change	16.86%
3 Year Change	14.14%
5 Year Change	-7.67%
Change since IPO	1,114.86%

Pan American Silver Corp.'s (TSE:PAAS) Business Is Yet to Catch Up With Its Share Price

Apr 15

Recent updates

Pan American Silver Corp.'s (TSE:PAAS) Business Is Yet to Catch Up With Its Share Price

Apr 15

Pan American Silver Corp. (TSE:PAAS) Investors Are Less Pessimistic Than Expected

Sep 04

Pan American Silver (TSE:PAAS) Seems To Use Debt Quite Sensibly

Jul 03

Shareholder Returns

	PAAS	CA Metals and Mining	CA Market
7D	-3.4%	-0.8%	2.3%
1Y	16.9%	20.6%	12.1%

Return vs Industry: PAAS underperformed the Canadian Metals and Mining industry which returned 20.6% over the past year.

Return vs Market: PAAS exceeded the Canadian Market which returned 12.1% over the past year.

Price Volatility

Is PAAS's price volatile compared to industry and market?
PAAS volatility
PAAS Average Weekly Movement	8.8%
Metals and Mining Industry Average Movement	11.5%
Market Average Movement	9.7%
10% most volatile stocks in CA Market	17.8%
10% least volatile stocks in CA Market	4.1%

Stable Share Price: PAAS has not had significant price volatility in the past 3 months compared to the Canadian market.

Volatility Over Time: PAAS's weekly volatility (9%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1979	9,000	Michael Steinmann	www.panamericansilver.com

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. It explores for silver, gold, zinc, lead, and copper deposits. 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. Fundamentals Summary

How do Pan American Silver's earnings and revenue compare to its market cap?
PAAS fundamental statistics
Market cap	CA$13.73b
Earnings (TTM)	CA$435.15m
Revenue (TTM)	CA$4.18b

26.5x

P/E Ratio

2.8x

P/S Ratio

Is PAAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAAS income statement (TTM)
Revenue	US$2.99b
Cost of Revenue	US$1.73b
Gross Profit	US$1.26b
Other Expenses	US$952.60m
Earnings	US$311.10m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

Aug 06, 2025

Earnings per share (EPS)	0.86
Gross Margin	42.25%
Net Profit Margin	10.40%
Debt/Equity Ratio	15.1%

How did PAAS perform over the long term?

See historical performance and comparison

Dividends

1.8%

Current Dividend Yield

47%

Payout Ratio

Does PAAS pay a reliable dividends?

See PAAS dividend history and benchmarks

When do you need to buy PAAS by to receive an upcoming dividend?
Pan American Silver dividend dates
Ex Dividend Date	May 20 2025
Dividend Pay Date	Jun 02 2025
Days until Ex dividend	7 days
Days until Dividend pay date	20 days

Does PAAS pay a reliable dividends?

See PAAS dividend history and benchmarks

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/12 04:46
End of Day Share Price	2025/05/12 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 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 Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 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 world class team 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 36 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Kevin O'Halloran	BMO Capital Markets Equity Research
Matthew Murphy	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research

PAAS Stock Overview

Rewards

Risk Analysis

Pan American Silver Corp. Competitors

TSX:FVI

CA$2.4b

TSX:MAG

CA$2.4b

TSX:SVM

CA$1.2b

TSX:GGD

CA$628.8m

Price History & Performance

Recent News & Updates

Pan American Silver Corp. (TSX:PAAS) entered into a definitive agreement to acquire MAG Silver Corp. (TSX:MAG) for $2.1 billion.

First quarter dividend of US$0.10 announced

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Pan American Silver Corp. Reaffirms Its Operating Guidance for the Year 2025

Consensus EPS estimates increase by 25%

Pan American Silver Corp.'s (TSE:PAAS) Business Is Yet to Catch Up With Its Share Price

Recent updates

Pan American Silver Corp. (TSX:PAAS) entered into a definitive agreement to acquire MAG Silver Corp. (TSX:MAG) for $2.1 billion.

First quarter dividend of US$0.10 announced

First quarter 2025 earnings: EPS and revenues exceed analyst expectations

Pan American Silver Corp. Reaffirms Its Operating Guidance for the Year 2025

Consensus EPS estimates increase by 25%

Pan American Silver Corp.'s (TSE:PAAS) Business Is Yet to Catch Up With Its Share Price

Consensus EPS estimates increase by 20%

Investor sentiment deteriorates as stock falls 18%

Pan American Silver's (TSE:PAAS) Solid Profits Have Weak Fundamentals

Consensus EPS estimates fall by 24%, revenue upgraded

Fourth quarter dividend of US$0.10 announced

Is Pan American Silver (TSE:PAAS) Using Too Much Debt?

Pan American Silver Corp. Declares Cash Dividend on Common Shares, Payable on or About March 14, 2025

Full year 2024 earnings released: EPS: US$0.31 (vs US$0.32 loss in FY 2023)

Pan American Silver Corp., Annual General Meeting, May 07, 2025

Pan American Silver Corp. to Report Q4, 2024 Results on Feb 19, 2025

Pinning Down Pan American Silver Corp.'s (TSE:PAAS) P/S Is Difficult Right Now

Pan American Silver Provides Annual Exploration Update

Jinteng (Singapore) Mining Pte. Ltd acquired La Arena S.A. from Pan American Silver Corp. (TSX:PAAS) for approximately $300 million.

Third quarter dividend of US$0.10 announced

Third quarter 2024 earnings: EPS misses analyst expectations

Pan American Silver Corp. Declares Cash Dividend for the Third Quarter Ended September 30, 2024, Payable on or about November 29, 2024

We Think Pan American Silver (TSE:PAAS) Can Stay On Top Of Its Debt

Unico Silver Limited (ASX:USL) acquired Joaquin and Cerro Puntudo projects from Pan American Silver Corp. (TSX:PAAS) for $12 million.

Pan American Silver Corp. to Report Q3, 2024 Results on Nov 05, 2024

Pan American Silver Reports Mineral Reserves and Mineral Resources as At June 30, 2024

Pan American Silver Corp. (TSE:PAAS) Investors Are Less Pessimistic Than Expected

Second quarter dividend of US$0.10 announced

Second quarter 2024 earnings: EPS misses analyst expectations

Pan American Silver Corp. Declares Cash Dividend for the Second Quarter of 2024, Payable on or About August 30, 2024

Pan American Silver Corp. to Report Q2, 2024 Results on Aug 07, 2024

Pan American Silver (TSE:PAAS) Seems To Use Debt Quite Sensibly

Pan American Silver Corp. Provides Mid-Year Exploration Update

Upcoming dividend of US$0.10 per share

Pan American Silver Corp. Declares Cash Dividend for the First Quarter 2024, Payable on or About June 3, 2024

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

Walter Segsworth and Alexander Davidson Not Stand for Re-Election of Pan American Silver Corp

Jinteng (Singapore) Mining Pte. Ltd agreed to acquire La Arena S.A. from Pan American Silver Corp. (TSX:PAAS) for approximately $300 million.

Pan American Silver Corp. Reports Additional High-Grade Drill Results from the La Colorada Skarn project

Now 20% overvalued

Insider recently bought CA$333k worth of stock

Consensus EPS estimates have been downgraded.

Patagonia Gold Corp. (TSXV:PGDC) agreed to acquire the Patagonia Gold S.A.,Cap-Oeste Sur Este Project from Minera Tritón Argentina S.A.

Full year 2023 earnings released: US$0.32 loss per share (vs US$1.62 loss in FY 2022)

Pan American Silver Corp. Provides Consolidated Production Guidance for the First Quarter, Second Quarter, Third Quarter and Fourth Quarter of 2024 and Reaffirms Production Guidance for the Full Year 2024

Pan American Silver Corp., Annual General Meeting, May 08, 2024

Pan American Silver Corp. Provides Production Guidance for the Year of 2024

High number of new directors

Pan American Silver Corp. Announces Preliminary Economic Assessment of the La Colorada Skarn Project

Pan American Silver Corp. to Report Q1, 2024 Results on May 08, 2024

Pan American Silver Corp. to Report Q4, 2023 Results on Feb 21, 2024

Pan American Silver Corp. Provides Annual Exploration Update

Rio Tinto Mining and Exploration Chile completed the acquisition of 57.74% stake in Agua de la Falda, S.A. from Pan American Silver Corp. (TSX:PAAS).

Pan American Silver Corp. Declares Cash Dividend for the Third Quarter of 2023, Payable on or About December 1, 2023

Pan American Silver Corp. to Report Q3, 2023 Results on Nov 07, 2023

Pan American Silver Provides an Update on the Restart of Operations At the La Colorada Mine

Pan American Silver Temporarily Suspends Operations At the La Colorada Mine

Second quarter 2023 earnings: EPS misses analyst expectations

Rio Tinto Mining and Exploration Chile signed an agreement to acquire 57.75% stake in Agua de la Falda, S.A. from Pan American Silver Corp. (TSX:PAAS) for $45.55 million.