Pan American Silver (PAAS) Stock Overview

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

PAAS fundamental analysis
Snowflake Score
Valuation	4/6
Future Growth	1/6
Past Performance	5/6
Financial Health	5/6
Dividends	3/6

Rewards

Trading at 34% below our estimate of its fair value

Earnings are forecast to grow 4.09% per year

Earnings grew by 305.9% over the past year

Risk Analysis

Shares are highly illiquid

Shareholders have been diluted in the past year

PAAS Community Fair Values

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Pan American Silver Corp. Competitors

Price History & Performance

Summary of share price highs, lows and changes for Pan American Silver
Historical stock prices
Current Share Price	CA$37.05
52 Week High	CA$0
52 Week Low	CA$0
Beta	1.5
1 Month Change	n/a
3 Month Change	n/a
1 Year Change	n/a
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	309.34%

Recent News & Updates

No updates

Recent updates

No updates

Shareholder Returns

	PAAS	CH Metals and Mining	CH Market
7D	n/a	-0.6%	0.7%
1Y	n/a	69.8%	17.3%

Return vs Industry: Insufficient data to determine how PAAS performed against the Swiss Metals and Mining industry.

Return vs Market: Insufficient data to determine how PAAS performed against the Swiss Market.

Price Volatility

Is PAAS's price volatile compared to industry and market?
PAAS volatility
PAAS Average Weekly Movement	n/a
Metals and Mining Industry Average Movement	7.2%
Market Average Movement	4.3%
10% most volatile stocks in CH Market	7.4%
10% least volatile stocks in CH Market	2.1%

Stable Share Price: PAAS's share price has been volatile over the past 3 months compared to the Swiss market.

Volatility Over Time: Insufficient data to determine PAAS's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1979	9,348	Michael Steinmann	www.panamericansilver.com

Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The Silver segment includes the La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines. The Gold segment comprises the Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines.

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	CHF 15.18b
Earnings (TTM)	CHF 1.02b
Revenue (TTM)	CHF 3.21b

15.4x

P/E Ratio

4.9x

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$4.00b
Cost of Revenue	US$1.77b
Gross Profit	US$2.23b
Other Expenses	US$963.00m
Earnings	US$1.27b

Last Reported Earnings

Mar 31, 2026

Next Earnings Date

n/a

Earnings per share (EPS)	3.00
Gross Margin	55.73%
Net Profit Margin	31.65%
Debt/Equity Ratio	9.7%

How did PAAS perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

17%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/07/02 06:38
End of Day Share Price	2026/07/02 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

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 23 analysts. 8 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
Matthew Murphy	BMO Capital Markets Equity Research
Kevin O'Halloran	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research