Pan American Silver Future Growth

Future criteria checks 5/6

Pan American Silver is forecast to grow earnings and revenue by 114.3% and 11.8% per annum respectively. EPS is expected to grow by 121.4% per annum. Return on equity is forecast to be 39.5% in 3 years.

Key information

114.3%

Earnings growth rate

121.4%

EPS growth rate

Metals and Mining earnings growth	17.4%
Revenue growth rate	11.8%
Future return on equity	39.5%
Analyst coverage	Low
Last updated	01 May 2024

Recent future growth updates

Recent updates

Pan American Silver: Growing Reserve Base, Improving Profitability, But High Operational Risk

Sep 19

Pan American Silver: Significant Reserve Growth Following Yamana Acquisition

Aug 27

Pan American Silver: A Better Q2 With Higher-Margin Yamana Assets

Aug 11

Pan American Silver: An Elite Gold/Silver Producer

Jun 12

Pan American Silver: Trading At A Deep Discount To Fair Value

Jun 01

Pan American Silver: A Bigger Company Now

May 23

Pan American Silver: Trading At Its Cheapest Levels Since March 2020

Sep 19

Pan American Silver: Further Weakness Should Provide A Buying Opportunity

Aug 08

Pan American Silver: A Sector Leader Being Thrown Out With The Bathwater

May 12

Pan American Silver: Waiting For The Escobal Mine To Reopen

Apr 04

Pan American Silver: Leverage To Silver At A Reasonable Price

Mar 03

Pan American Silver: Further Weakness Should Present A Buying Opportunity

Jan 24

Pan American Silver: Entering The New Year At A Reasonable Valuation

Jan 03

Pan American Silver: A Better H2 Ahead

Oct 18

Pan American Silver: The Recent Selloff Is An Opportunity

Aug 12

Earnings and Revenue Growth Forecasts

NYSE:PAAS - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	2,881	590	485	828	1
12/31/2024	2,713	164	223	628	3
12/31/2023	2,316	-104	71	450	N/A
9/30/2023	2,022	-225	-162	171	N/A
6/30/2023	1,745	-275	-182	111	N/A
3/31/2023	1,445	-402	-237	14	N/A
12/31/2022	1,495	-342	-243	32	N/A
9/30/2022	1,541	-155	-10	262	N/A
6/30/2022	1,663	-63	99	365	N/A
3/31/2022	1,705	182	174	431	N/A
12/31/2021	1,633	97	149	392	N/A
9/30/2021	1,641	252	218	445	N/A
6/30/2021	1,481	298	199	403	N/A
3/31/2021	1,348	247	207	378	N/A
12/31/2020	1,339	178	284	462	N/A
9/30/2020	1,313	61	246	421	N/A
6/30/2020	1,365	33	202	388	N/A
3/31/2020	1,455	31	187	409	N/A
12/31/2019	1,351	111	75	282	N/A
9/30/2019	1,120	-5	-35	164	N/A
6/30/2019	955	-52	-59	124	N/A
3/31/2019	831	-34	-52	108	N/A
12/31/2018	784	10	3	155	N/A
9/30/2018	837	123	76	222	N/A
6/30/2018	840	150	100	244	N/A
3/31/2018	825	149	70	220	N/A
12/31/2017	817	121	62	225	N/A
9/30/2017	781	94	N/A	191	N/A
6/30/2017	824	119	N/A	229	N/A
3/31/2017	815	118	N/A	253	N/A
12/31/2016	775	100	N/A	215	N/A
9/30/2016	747	-55	N/A	193	N/A
6/30/2016	673	-164	N/A	123	N/A
3/31/2016	655	-206	N/A	78	N/A
12/31/2015	675	-227	N/A	89	N/A
9/30/2015	675	-620	N/A	66	N/A
6/30/2015	694	-574	N/A	72	N/A
3/31/2015	720	-572	N/A	100	N/A
12/31/2014	752	-546	N/A	124	N/A
9/30/2014	781	-312	N/A	170	N/A
6/30/2014	816	-278	N/A	172	N/A
3/31/2014	791	-459	N/A	123	N/A
12/31/2013	825	-446	N/A	120	N/A
9/30/2013	879	-183	N/A	155	N/A
6/30/2013	918	-175	N/A	194	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: PAAS is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (2.4%).

Earnings vs Market: PAAS is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PAAS is expected to become profitable in the next 3 years.

Revenue vs Market: PAAS's revenue (11.8% per year) is forecast to grow faster than the US market (8.2% per year).

High Growth Revenue: PAAS's revenue (11.8% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: PAAS's Return on Equity is forecast to be high in 3 years time (39.5%)

Pan American Silver Future Growth

Future criteria checks 5/6

Key information

Recent future growth updates

Price target increased by 7.5% to US$22.28

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

Price target decreased by 8.3% to US$20.94

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

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

Recent updates

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

Price target increased by 7.5% to US$22.28

Pan American Silver: Has The Potential To Improve Performance Significantly

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

Now 20% overvalued

Pan American Silver: An Improved 2024 Margin Outlook

Now 20% overvalued

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: A Higher Cost Year On Deck

Price target decreased by 8.3% to US$20.94

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

Pan American Silver: A Top Risk/Reward Leverage Idea On Precious Metals

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).

Brutal Q3 For Pan American Silver: Traders On Alert

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

Pan American Silver Has Glittering Prospects With Asset Optimization

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

Pan American Silver: Growing Reserve Base, Improving Profitability, But High Operational Risk

Pan American Silver: Significant Reserve Growth Following Yamana Acquisition

Pan American Silver: A Better Q2 With Higher-Margin Yamana Assets

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.

Alpayana S.A. entered into a binding agreement to acquire Compañía Minera Argentum S.A. from Pan American Silver Corp. (TSX:PAAS) for $25 million.

Pan American Silver Corp. to Report Q2, 2023 Results on Aug 09, 2023

Pan American Silver: An Elite Gold/Silver Producer

High number of new directors

Pan American Silver: Trading At A Deep Discount To Fair Value

Pan American Silver: A Bigger Company Now

Pan American Silver Corp. Announces Board Changes

First quarter 2023 earnings released: EPS: US$0.078 (vs US$0.36 in 1Q 2022)

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

Upcoming dividend of US$0.10 per share at 2.3% yield

Full year 2022 earnings: EPS and revenues miss analyst expectations

Price target increased by 7.4% to US$23.20

Triple Flag Precious Metals Corp. (TSX:TFPM) completed the acquisition of Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others.

Pan American Silver Corp. to Report Fiscal Year 2022 Results on Feb 22, 2023

Third quarter 2022 earnings released: US$0.34 loss per share (vs US$0.096 profit in 3Q 2021)

Triple Flag Precious Metals Corp. (TSX:TFPM) entered into a definitive agreement to acquire Maverix Metals Inc. (TSX:MMX) from Newmont Corporation (NYSE:NEM), Pan American Silver Corp. (TSX:PAAS), Kinross Gold Corporation (TSX:K) and others for approximately $590 million.

Pan American Silver Corp. Provides Production Guidance for the Full Year 2022

Pan American Silver Corp. (TSX:PAAS) and Agnico Eagle Mines Limited (NYSE:AEM) made a definitive binding offer to acquire remaining stake in Yamana Gold Inc. (TSX:YRI) for $4.9 billion.

Gold Fields Target Yamana Catches Eyes of Agnico Eagle, Pan American

Pan American Silver Corp. Extends High-Grade Silver Zone at the La Colorada Skarn Project

Pan American Silver Corp. to Report Q3, 2022 Results on Nov 09, 2022

Pan American Silver: Trading At Its Cheapest Levels Since March 2020

Pan American Silver Reports Large Increase to the Mineral Resource Estimate for Its La Colorada Skarn Deposit

Price target decreased to US$23.71

Now 22% undervalued after recent price drop

Pan American Silver Corp. Announces Production Guidance for 2022

Pan American Silver: Further Weakness Should Provide A Buying Opportunity

Pan American Silver Corp Drills Highest Grade Intercept to Date on the La Colorada Skarn Project

Price target decreased to US$25.92

Pan American Silver Corp. to Report Q2, 2022 Results on Aug 10, 2022

Price target decreased to US$29.43

Upcoming dividend of US$0.12 per share

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Pan American Silver Corp. Announces Production Guidance for 2022

Pan American Silver: A Sector Leader Being Thrown Out With The Bathwater

Pan American Silver Corp. Declares Dividend, Payable on or About June 3, 2022

Investor sentiment deteriorated over the past week

Pan American Silver Corp. Extends Mineralization at the La Colorada Skarn Project