Pan American Silver Corp.
PAAS · Price history
Price at last available close
$41.95
−$3.82 (-8.35%) 1M
2026-10-28
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Company & revenue
About Pan American Silver Corp.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Pan American Silver Corp. is a mining enterprise dedicated to the full spectrum of metal operations, from discovery and site development to extraction, refinement, and environmental reclamation. The company focuses on precious and base metals including silver, gold, zinc, lead, and copper. Its extensive operations are situated across several countries, specifically Canada, Mexico, Peru, Argentina, and Bolivia, where it manages key mining properties such as La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad.
How they make money
Pan American Silver Corp. generates revenue primarily through the exploration, extraction, processing, and sale of silver and gold, along with base metal by-products including zinc, lead, and copper. The company operates mines across the Americas and sells its mineral products to global markets, with profitability dependent on commodity price fluctuations, production costs, and operational efficiency at its various mining sites.
Products & services
The company produces and sells silver and gold doré, as well as zinc, lead, copper, and silver concentrates.
Brands & revenue mix
No separate brand or brand-level revenue disclosure was confirmed in the reviewed sources. This does not mean the company has no brands.
Product / operating segments
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Period ended 2025-12-31Source
Calculated from reported segment revenue. Check the source period and revenue basis before comparing shares. Categories can overlap and may not add to 100%.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Global metal refineries and smeltersSource
Customer concentration
No quantified customer-concentration disclosure is available in the current saved research.
Suppliers, materials & equipment
- Mining equipment and service providers — The company relies on various third-party suppliers for mining equipment, fuel, power, and specialized technical services required for extraction and processing operations.Source
Competitors
Strengths
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Diluted weighted-average shares increased 16.1% year over year.
Compare per-share results with total earnings and inspect the equity footnote. A change in weighted-average shares does not by itself establish the cause, the number of shares issued today, or the economic effect of a split.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
62
Fair
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
81
Strong
Financial Strength
67
Business Quality / Moat
97
Management
100
Growth Quality
76
Risk / Durability
55
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
84
Attractive
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
82/100
Building Historical Record
Model Score 82/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is mixed across its combined quality, valuation and risk inputs. Review the category scores to identify what is helping or hurting the result.
At today’s price, the WSS valuation framework currently reads as relatively attractive.
The model outlook is currently positive.
- •Valuation scores attractively
- •Recent buyback activity is present
No material warning is currently being highlighted from the available summary data.
Company-specific research
Questions worth answering for PAAS
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •Can PAAS maintain its current revenue growth rate and improve the amount of that revenue that turns into earnings and cash?
- •Is PAAS's positive free cash flow repeatable, or is the current level being helped by temporary working-capital or spending changes?
- •How is PAAS likely to use its cash advantage: reinvestment, acquisitions, debt reduction, dividends or buybacks?
- •Is PAAS's valuation discount tied to a temporary concern or to a longer-term business risk?
- •What does the current fundamental change risk warning mean for the reliability or interpretation of PAAS's score?
Essential Investment Snapshot
Wall Street Score
62
Opportunity Score
84
Market Cap
$17.39B
P/E Ratio
13.8
EPS
$3.31
52-Week High
$69.99
52-Week Low
$33.08
Beta
1.58
Intrinsic Value
$127.44
Analyst Target
$62.50
Shares Outstanding
381.6M
Total Revenue
$4.30B
Total Debt
$840.0M
Dividend Yield (TTM)
1.63%
Liquidation Value / Share
$19.27
Dividend / Share (TTM)
$0.68
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
Low movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Notices for PAAS
Detected from reported data — verify before acting.Dividend history reported
Dividend payments are recorded. Review the dates and regular/special classification below; past payments do not guarantee future dividends.
Historical repurchase activity
Reported cash flows or share-count measures indicate past repurchase activity. This does not verify an active buyback authorization or future purchases.
Community Sentiment
0 active · 0 total callsNo personal call yet on PAAS.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Diversified portfolio of silver and gold assets across multiple jurisdictions in the Americas.
- +Significant mineral reserves and resources base.
- +Positive free cash flow may provide capacity to invest in growth.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Gold industry.
- −Fluctuations in commodity prices for silver, gold, and base metals.
- −Operational risks including technical, environmental, and social challenges at mining sites.
- −Political and regulatory risks in the countries where the company operates.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
Create a free account to make a call.
Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
62
Oct 1, 2026
Change
Unchanged
Current Score
62
Oct 12, 2026
Category Changes
PAAS score was unchanged.
Projected Score
Projected Score
68
Projected Change
+6.0 points
Preliminary comparable-period financial changes suggest improvement of approximately 6.0 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Review model assumptionsThis model estimate is more than three times the share price.
This is a formula-based estimate, not a verified fair value or price target. Check the earnings and growth assumptions.
Stored EPS: $3.31 · Growth assumption: 15.0% · Earnings multiplier: 38.5×.
Current Price
$41.95
Model Intrinsic Value
$127.44
Difference
−$85.48
-67.1% vs IV
Margin of Safety
67.1%
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.30B | $3.68B | $2.82B | $2.32B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $2.38B | $2.30B | $2.27B | $2.02B | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $1.92B | $1.39B | $548.5M | $296.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $127.0M | $118.0M | $69.8M | $61.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $231.9M | $198.4M | $17.8M | $258.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | $2.40B | $1.85B | $1.05B | $476.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | $1.69B | $1.19B | $530.7M | $38.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $67.0M | $59.0M | $50.8M | $58.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | $1.91B | $1.26B | $431.7M | -$58.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $529.4M | $262.5M | $319.0M | $46.1M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | $1.38B | $995.1M | $111.5M | -$103.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $3.31 | $2.61 | $0.31 | $-0.32 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 420M | 381M | 363M | 327M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 420M | 382M | 363M | 327M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$1.10B
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
$0.70
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
+2.4%
Cash Change
+44.7%
Margin Change
+3.7 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Margins expanded
- Cash position grew
What Weakened
- Debt increased
Potential Score Impact
Positive indicators included revenue growth, EPS growth, cash levels, net income margin. Pressure indicators included debt levels. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue increased 34.9%. EPS increased 34.6%. Cash increased 44.7%. Total debt increased 2.4%. Net income margin improved by 3.7 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
41
Smart Money
41
Number of Gurus
1
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Log in to view dividend history.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · PAAS
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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