Company Overview
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. It explores 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. was incorporated in 1979 and is headquartered in Vancouver, Canada.
Why Investors Should Care
Generates a return on equity of 22.4%, reflecting efficient use of shareholder capital.
Revenue has grown at a 34.3% CAGR over the past five years.
Trades at a P/E of 15.1, below the sector median of 22.2.
Maintains a net profit margin of 32.0%.
Carries low leverage with a debt-to-equity ratio of 0.11.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Dec 2025 Revenue of $3.62B (+28.4% YoY); net profit $978.00M.
- Trailing 12 Months Year-on-year growth — revenue +38.4%, earnings +38.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 34.3%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 34.28% |
| 1 Year: | 38.40% |
Compounded Profit Growth
| 5 Years: | - |
| 1 Year: | 38.50% |
Stock Price Performance
| 1 Year: | +62.04% |
| 6 Months: | -15.22% |
| 3 Months: | +8.24% |
| 1 Month: | -0.08% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMAAbove
- Price vs 200-DMABelow
- RSI (14)52.20 · Neutral
P/E of 15.09 is below the sector median of 22.16 — relatively cheaper than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Strong return on equity of 22.4%.
- Excellent profit margin of 32.0%.
- Compounding revenue at 34.3% over 5 years.
- Generates positive free cash flow.
CONS
- Trading 25.1% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Basic Materials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | PAAS Pan American Silver Corp. | 51.00 | 15.09 | $21.15B | 1.48% | 12.75% | 22.41% | 34.28% | - |
| 2 | LIN Linde plc NDXSPXR3K | 468.38 | 30.22 | $215.91B | 1.40% | 12.46% | 18.40% | 13.90% | 18.47% |
| 3 | SCCO Southern Copper Corporation R3K | 208.56 | 31.27 | $176.10B | 2.24% | 36.40% | 49.90% | 8.32% | 3.80% |
| 4 | NEM Newmont Corporation SPXR3K | 127.09 | 16.01 | $133.91B | 0.84% | - | 25.91% | 6.53% | 20.15% |
| 5 | RIO Rio Tinto Group | 103.83 | 14.07 | $130.27B | 4.78% | 13.65% | 19.31% | 1.24% | -7.00% |
| 6 | FCX Freeport-McMoRan Inc. SPXR3K | 76.62 | 37.56 | $110.03B | 0.78% | 12.50% | 14.75% | 1.35% | -1.26% |
| 7 | AEM Agnico Eagle Mines Limited | 201.84 | 17.27 | $102.20B | 0.88% | 19.78% | 22.97% | 27.53% | 88.11% |
| 8 | SHW The Sherwin-Williams Company SPXR3K | 326.09 | 30.05 | $79.16B | 1.00% | 21.93% | 65.12% | 6.18% | 8.26% |
| 9 | ECL Ecolab Inc. SPXR3K | 278.11 | 37.33 | $77.96B | 1.05% | 15.10% | 21.96% | 6.55% | 9.74% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in USD.
| Metric | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Revenue | - | 773.00M | 811.90M | 854.60M | 1.18B | 1.15B |
| Cost of Revenue | - | 522.00M | 538.60M | 541.60M | 611.40M | 546.00M |
| Gross Profit | - | 251.00M | 273.30M | 313.00M | 567.90M | 608.00M |
| Operating Expenses | - | 37.00M | 45.10M | 62.70M | 114.60M | 48.00M |
| Operating Income | - | 214.00M | 228.20M | 250.30M | 453.30M | 560.00M |
| EBITDA | - | 353.00M | 368.70M | 383.80M | 692.50M | 778.00M |
| Interest Expense | - | 20.00M | 11.90M | 14.20M | 17.20M | 24.00M |
| Pretax Income | - | 214.00M | 234.40M | 249.10M | 540.60M | 641.00M |
| Tax Provision | - | 45.00M | 44.80M | 79.90M | 88.70M | 185.00M |
| Net Income | - | 169.00M | 189.20M | 168.60M | 451.50M | 457.00M |
| Diluted EPS | - | 0.47 | 0.52 | 0.44 | 1.07 | 1.08 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | - | 1.49B | 2.32B | 2.82B | 3.62B |
| Cost of Revenue | - | 1.45B | 2.02B | 2.27B | 2.21B |
| Gross Profit | - | 48.40M | 296.80M | 549.00M | 1.41B |
| Operating Expenses | - | 114.70M | 214.10M | 199.00M | 267.00M |
| Operating Income | - | -66.30M | 82.70M | 350.00M | 1.14B |
| EBITDA | - | 20.30M | 476.80M | 1.05B | 1.79B |
| Interest Expense | - | 5.30M | 51.40M | 48.00M | 55.00M |
| Pretax Income | - | -301.00M | -58.80M | 432.00M | 1.24B |
| Tax Provision | - | 39.10M | 46.10M | 319.00M | 258.00M |
| Net Income | - | -341.70M | -103.70M | 112.00M | 978.00M |
| Diluted EPS | - | -1.62 | -0.32 | 0.31 | 2.56 |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Total Assets | - | 3.25B | 7.21B | 7.20B | 9.74B |
| Current Assets | - | 804.40M | 1.39B | 1.72B | 2.20B |
| Cash & Equivalents | - | 107.00M | 399.60M | 863.00M | 1.22B |
| Inventory | - | 471.60M | 711.60M | 606.00M | 588.00M |
| Receivables | - | 136.60M | 138.00M | 165.00M | 232.00M |
| Total Liabilities | - | 1.05B | 2.44B | 2.49B | 2.74B |
| Current Liabilities | - | 380.80M | 624.20M | 687.00M | 817.00M |
| Long Term Debt | - | 180.00M | 697.00M | 702.00M | 709.00M |
| Total Debt | - | 226.80M | 801.60M | 804.00M | 852.00M |
| Total Equity | - | 2.20B | 4.76B | 4.70B | 7.00B |
| Shares Outstanding | - | 210.68M | 364.66M | 363.04M | 421.85M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | - | 31.80M | 450.20M | 724.00M | 1.33B |
| Investing Cash Flow | - | -255.40M | 397.90M | -33.00M | -706.00M |
| Financing Cash Flow | - | 53.00M | -551.80M | -225.00M | -278.00M |
| Capital Expenditure | - | -274.70M | -379.00M | -323.00M | -314.00M |
| Free Cash Flow | - | -242.90M | 71.20M | 401.00M | 1.02B |
| Net Change in Cash | - | -170.60M | 296.30M | 466.00M | 349.00M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Gross Margin % | - | 3.2% | 12.8% | 19.5% | 38.8% |
| Operating Margin % | - | -4.4% | 3.6% | 12.4% | 31.4% |
| Net Margin % | - | -22.9% | -4.5% | 4.0% | 27.0% |
| ROE % | - | -15.6% | -2.2% | 2.4% | 14.0% |
| ROCE % | - | -2.3% | 1.3% | 5.4% | 12.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Van Eck Associates Corporation | 4.61% | 19.07M | $953.14M |
| 2 | Mirae Asset Global ETFs Holdings Ltd. | 3.77% | 15.59M | $779.25M |
| 3 | Vanguard Capital Management LLC | 2.78% | 11.52M | $576.06M |
| 4 | Blackrock Inc. | 2.03% | 8.39M | $419.59M |
| 5 | Capital International Investors | 1.51% | 6.24M | $311.78M |
| 6 | NORGES BANK | 1.35% | 5.58M | $279.03M |
| 7 | Geode Capital Management, LLC | 1.19% | 4.93M | $246.44M |
| 8 | Morgan Stanley | 1.16% | 4.79M | $239.56M |
| 9 | Bank of Montreal /CAN/ | 1.02% | 4.21M | $210.21M |
| 10 | Millennium Management Llc | 0.92% | 3.82M | $190.79M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for PAAS
Pan American Silver (NYSE:PAAS) Shows High-Growth Leadership and Momentum - ChartMill
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Pan American Silver (TSX:PAAS) Stock Looks Like A Bargain Despite Full Valuation Questions - finance.yahoo.com
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PAAS - Pan American Silver Corp Stock Price and Quote - Finviz
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Pan American Silver (NYSE:PAAS) Fits Peter Lynch's Growth-at-a-Reasonable-Price Framework - ChartMill
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PAAS — Frequently Asked Questions
What is the current share price of Pan American Silver Corp. (PAAS)?
As of 2026-09-19 21:16 PDT, Pan American Silver Corp. (PAAS) trades at $51.00 on NYSE. Its 52-week range is $30.46 to $68.06.
What is the market capitalisation of PAAS?
Pan American Silver Corp. (PAAS) has a market capitalisation of $21.15B on NYSE.
What is the P/E ratio of PAAS?
PAAS trades at a trailing price-to-earnings (P/E) ratio of 15.09. The industry average P/E is 22.16. Its price-to-book (P/B) ratio is 2.86.
Does PAAS pay a dividend?
Pan American Silver Corp. (PAAS) currently offers a dividend yield of 1.48%.
What is the return on equity (ROE) of PAAS?
PAAS has a return on equity (ROE) of 22.41%. Its return on capital employed (ROCE) is 12.75%.
Is PAAS a good stock to buy?
This page provides a data-driven analysis of Pan American Silver Corp. (PAAS), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.