Pan American Silver (PAAS.TO) Stock Price

Pan American Silver Price

🇨🇦TSX·CLOSED
51.80USD
Market closed
Today +/-
Today %

Pan American Silver (PAAS.TO) Stock | ISIN CA6979001089 | WKN 876617. The current Pan American Silver stock price is 51.8 USD (2026). Revenue is 4.92 B USD. Net income is 1.42 B USD. The P/E ratio is 13.95. Market capitalization is 19.77 B USD. Pan American Silver operates in the Commodities sector.

Over the last 19 years Pan American Silver grew revenue by 15% annually, reaching 3.62 B USD. Earnings per share have grown at 6.6% per year over the last 19 years. For Pan American Silver, the net margin of 27% is up versus 6% a few years ago. At today's price the dividend yield works out to roughly 0.89%. The payout ratio is around 54% of earnings. The dividend has grown at 12.9% per year over the past 15 years.

Pan American Silver stock price

Ex-Dividend
Details

Stock Price

How to Read This Chart

This chart tracks the historical stock price of Pan American Silver over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Pan American Silver stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Pan American Silver's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Pan American Silver Stock Price History
DatePan American Silver Price
Access this data via the Eulerpool API

Pan American Silver Revenue, EBIT, Net Income

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  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2006
255.45 M USD
93.65 M USD
58.21 M USD
Jan 1, 2007
301.06 M USD
88.53 M USD
88.86 M USD
Jan 1, 2008
338.6 M USD
74.6 M USD
24.6 M USD
Jan 1, 2009
454.81 M USD
95.93 M USD
62 M USD
Jan 1, 2010
646.55 M USD
199.25 M USD
13.71 M USD
Jan 1, 2011
855.28 M USD
378.84 M USD
352.49 M USD
Jan 1, 2012
928.59 M USD
251.78 M USD
78.2 M USD
Jan 1, 2013
824.5 M USD
106.74 M USD
-445.85 M USD
Jan 1, 2014
751.94 M USD
-24.37 M USD
-545.59 M USD
Jan 1, 2015
674.69 M USD
-66.82 M USD
-226.65 M USD
Jan 1, 2016
774.78 M USD
165.42 M USD
100.09 M USD
Jan 1, 2017
816.83 M USD
125.61 M USD
120.99 M USD
Jan 1, 2018
784.5 M USD
63.45 M USD
10.29 M USD
Jan 1, 2019
1.35 B USD
157.25 M USD
110.74 M USD
Jan 1, 2020
1.34 B USD
269.76 M USD
177.88 M USD

Pan American Silver Income Statement, Balance Sheet, Cash Flow Statement

Last updated Jun 17, 2026, 8:37 AM
 
REVENUE (B USD)
REVENUE GROWTH (%)
GROSS MARGIN (%)
GROSS INCOME (B USD)
NET INCOME (B USD)
NET INCOME GROWTH (%)
DIV. (USD)
DIV. GROWTH (%)
SHARES (M)
DOCUMENTS
202120222023202420252026e2027e2028e
1.631.492.322.823.624.924.463.98
21.97-8.4655.0221.6828.4235.89-9.35-10.63
22.493.2112.7819.4538.8228.5731.5235.27
0.370.050.30.551.411.411.411.41
0.1-0.34-0.10.110.981.421.361.19
-45.2-451.55-69.79-207.77781.0844.79-3.88-12.78
0.340.40.40.60.460.721.771.57
54.5517.6550-23.3356.52145.83-11.3
210.44210.52326.54363.4381.58381.58381.58381.58
Details

Income Statement Key Figures

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Pan American Silver generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Pan American Silver retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Pan American Silver's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Pan American Silver has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Pan American Silver's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Pan American Silver stock margins

The Pan American Silver margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Pan American Silver. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Pan American Silver.
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Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2006
43.4 %
36.66 %
22.79 %
Jan 1, 2007
33.69 %
29.41 %
29.52 %
Jan 1, 2008
26.74 %
22.03 %
7.27 %
Jan 1, 2009
27.05 %
21.09 %
13.63 %
Jan 1, 2010
37.29 %
30.82 %
2.12 %
Jan 1, 2011
47.84 %
44.29 %
41.21 %
Jan 1, 2012
32.73 %
27.11 %
8.42 %
Jan 1, 2013
15.95 %
12.95 %
-54.08 %
Jan 1, 2014
1.07 %
-3.24 %
-72.56 %
Jan 1, 2015
-4.76 %
-9.9 %
-33.59 %
Jan 1, 2016
25.67 %
21.35 %
12.92 %
Jan 1, 2017
21.09 %
15.38 %
14.81 %
Jan 1, 2018
12.86 %
8.09 %
1.31 %
Jan 1, 2019
16.97 %
11.64 %
8.2 %
Jan 1, 2020
26.9 %
20.15 %
13.29 %

Pan American Silver Stock Revenue, EBIT, Earnings per Share

The Pan American Silver earnings per share therefore indicates how much revenue Pan American Silver has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.
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Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2006
3.35 USD
1.23 USD
0.76 USD
Jan 1, 2007
3.8 USD
1.12 USD
1.12 USD
Jan 1, 2008
4.19 USD
0.92 USD
0.3 USD
Jan 1, 2009
5.18 USD
1.09 USD
0.71 USD
Jan 1, 2010
6.03 USD
1.86 USD
0.13 USD
Jan 1, 2011
8.02 USD
3.55 USD
3.31 USD
Jan 1, 2012
6.52 USD
1.77 USD
0.55 USD
Jan 1, 2013
5.44 USD
0.7 USD
-2.94 USD
Jan 1, 2014
4.96 USD
-0.16 USD
-3.6 USD
Jan 1, 2015
4.45 USD
-0.44 USD
-1.49 USD
Jan 1, 2016
5.08 USD
1.08 USD
0.66 USD
Jan 1, 2017
5.33 USD
0.82 USD
0.79 USD
Jan 1, 2018
5.12 USD
0.41 USD
0.07 USD
Jan 1, 2019
6.7 USD
0.78 USD
0.55 USD
Jan 1, 2020
6.37 USD
1.28 USD
0.85 USD

Pan American Silver business model & stock analysis

Pan American Silver Corp is a leading producer of silver and zinc in America. It was founded in 1994 and is headquartered in Vancouver, Canada. The company has built an impressive market presence since its establishment and is publicly listed on the Toronto Stock Exchange and NASDAQ. Pan American Silver Corp's business model involves acquiring and developing mining projects in Latin America and North America to extract silver and zinc. The company aims to increase its production while maintaining environmental and safety standards to promote sustainable growth. The company operates in three main segments: exploration and development of silver and zinc mining resources, offering a wide range of services including operating mining facilities and transporting the produced minerals, and processing and selling silver and zinc products. Silver is the predominant material in the company's product offerings. Pan American Silver Corp is one of the world's largest silver producers, producing over 25 million ounces of silver annually. The processing and sale of zinc products also play an important role for the company. Pan American Silver Corp has a long history dating back to 1979 when it was founded. In the early days, the company mainly focused on silver exploration for other producers. However, in 1996, the company acquired its first mining project in Peru's Cerro de Pasco. In the following years, the company began to grow and acquired several other mining projects through acquisitions. This expansion has led Pan American Silver Corp to become one of the leading players in the mining industry. In recent years, the company has focused on improving its existing mining activities to increase its production capacity. Additionally, Pan American Silver Corp continues to rely on successful mining projects and acquisitions to expand its market presence and production. In summary, Pan American Silver Corp is a company with a strong history and an impressive position in the mining industry. Its business model focuses on the exploration and development of silver and zinc mining resources, operation of mining facilities, and transportation of produced minerals. The company is a leader in silver production and also offers a wide range of zinc products. The focus is on sustainable production and growth through successful mining projects and acquisitions.

Pan American Silver SWOT Analysis

Strengths

Pan American Silver Corp is one of the largest silver mining companies globally, providing it with a strong market position and economies of scale.

The company has a diversified portfolio of mines across the Americas, which reduces its exposure to geographic risks and provides stability.

Pan American Silver Corp has a strong exploration team and a robust pipeline of development projects, which offers potential for future growth.

Weaknesses

The company heavily relies on the price of silver, which can be volatile and impact its profitability.

Pan American Silver Corp operates in politically and economically unstable countries, which increases its exposure to regulatory and operational risks.

The company faces potential environmental and social challenges due to the nature of mining activities, which may lead to negative public perception and increased scrutiny.

Opportunities

Increasing global demand for silver, especially in industries such as electronics and renewable energy, presents opportunities for Pan American Silver Corp to expand its market share.

Exploration and development of new mining projects can provide the company with additional sources of revenue and potential long-term growth.

Strategic partnerships and acquisitions in stable regions with promising mineral resources can enhance Pan American Silver Corp's operational capabilities and market presence.

Threats

Fluctuating commodity prices, including silver, can significantly impact the company's financial performance and profitability.

Social and environmental concerns related to mining activities can result in stricter regulations, higher compliance costs, and potential project delays or cancellations.

Competitive pressures from other mining companies, including both established players and emerging producers, may limit Pan American Silver Corp's market share.

Pan American Silver Eulerpool Fair Value

Pan American Silver historical P/E ratio, EBIT multiple, and P/S ratio

Pan American Silver annual returns

Details

Annual Return

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Pan American Silver shares outstanding

The number of shares was Pan American Silver in 2025 — This indicates how many shares 381.577 M is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
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Number of stocks
Details
Date
Number of stocks
Jan 1, 2006
76.15 M base_Shares
Jan 1, 2007
79.17 M base_Shares
Jan 1, 2008
80.77 M base_Shares
Jan 1, 2009
87.75 M base_Shares
Jan 1, 2010
107.28 M base_Shares
Jan 1, 2011
106.6 M base_Shares
Jan 1, 2012
142.44 M base_Shares
Jan 1, 2013
151.5 M base_Shares
Jan 1, 2014
151.51 M base_Shares
Jan 1, 2015
151.66 M base_Shares
Jan 1, 2016
152.5 M base_Shares
Jan 1, 2017
153.35 M base_Shares
Jan 1, 2018
153.32 M base_Shares
Jan 1, 2019
201.57 M base_Shares
Jan 1, 2020
210.3 M base_Shares

Pan American Silver Dividend History

17 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.18USDYTD
Mar 2, 20260.18USD 28.6%1/1
20250.46USD 23.3%
Mar 3, 20250.1USD 0.0%1/4
May 20, 20250.1USD 0.0%2/4
Aug 18, 20250.12USD 20.0%3/4
Nov 24, 20250.14USD 16.7%4/4
20240.6USD 50.0%
20230.4USD 166.7%
20220.15USD 55.9%
20210.34USD 54.5%
20200.22USD 57.1%
20190.14USD 0.0%
20180.14USD 40.0%
20170.1USD 100.0%

Pan American Silver dividend history and estimates

In 2025, Pan American Silver paid a dividend amounting to 0.46 USD. Dividend means that Pan American Silver distributes a portion of its profits to its owners.
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Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2010
0.08 USD
0 USD
0 USD
Jan 1, 2011
0.1 USD
0 USD
0 USD
Jan 1, 2012
0.18 USD
0 USD
0 USD
Jan 1, 2013
0.5 USD
0 USD
0 USD
Jan 1, 2014
0.5 USD
0 USD
0 USD
Jan 1, 2015
0.27 USD
0 USD
0 USD
Jan 1, 2016
0.05 USD
0 USD
0 USD
Jan 1, 2017
0.1 USD
0 USD
0 USD
Jan 1, 2018
0.14 USD
0 USD
0 USD
Jan 1, 2019
0.14 USD
0 USD
0 USD
Jan 1, 2020
0.22 USD
0 USD
0 USD
Jan 1, 2021
0.34 USD
0 USD
0 USD
Invalid Date
0.15 USD
0.25 USD
0 USD
Jan 1, 2023
0.4 USD
0 USD
0 USD
Jan 1, 2024
0.6 USD
0 USD
0 USD

Pan American Silver dividend payout ratio

In 2025, Pan American Silver had a payout ratio of 54.28%. The payout ratio indicates the percentage of the company's profits that Pan American Silver distributes as dividends.
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  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2006
41.75 %
Jan 1, 2007
41.75 %
Jan 1, 2008
41.75 %
Jan 1, 2009
41.75 %
Jan 1, 2010
57.69 %
Jan 1, 2011
3.02 %
Jan 1, 2012
32.41 %
Jan 1, 2013
-17.01 %
Jan 1, 2014
-13.89 %
Jan 1, 2015
-18.46 %
Jan 1, 2016
7.58 %
Jan 1, 2017
12.66 %
Jan 1, 2018
200 %
Jan 1, 2019
25.45 %
Jan 1, 2020
25.88 %
Price targets and forecasts for Pan American Silver are not yet available.

Pan American Silver Earnings Estimates

Pan American Silver Earnings Estimates

DateEPS estimateRevenue EstimateQuarterly report
5/8/20240.15USD-USD2024 Q1
2/20/20240.15USD671.16 MUSD2023 Q4
8/8/20230.1USD-USD2023 Q2
5/9/20230.11USD-USD2023 Q1
2/21/20230.1USD380.9 MUSD2022 Q4
11/9/2022-0.08USD365.37 MUSD2022 Q3
8/10/20220.16USD430.39 MUSD2022 Q2
5/11/20220.24USD438.48 MUSD2022 Q1
2/23/20220.25USD453.85 MUSD2021 Q4
11/9/20210.36USD480.04 MUSD2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Pan American Silver stock

89/100
99
Environment
99
Social
68
Governance
E

Environment

20
Scope 1 - Direct Emissions309,406
Scope 2 - Indirect emissions from purchased energy196,485
Scope 3 - Indirect emissions within the value chain1,256,224
Total CO₂ emissions505,891
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather
Pesticides
Palm Oil
Tobacco
Genetically modified organisms
Climate concept
Sustainable forestry
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees9
Percentage of women in management
Percentage of Asian employees
Share of Asian management
Percentage of Hispanic/Latino employees
Hispano/Latino Management share
Percentage of Black employees
Black Management Share
Percentage of white employees
White Management Share
Adult content
Alcohol
Weapons
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Pan American Silver shareholder structure

% Name
10.3735%
Van Eck Associates Corporation
Van Eck Associates Corporation
4.52513%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
4.15652%
Mirae Asset Global Investments (USA) LLC
Mirae Asset Global Investments (USA) LLC
2.38246%
Pan American Silver Corp
Pan American Silver Corp
2.3317%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
1.87888%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
1.79733%
Fidelity Management & Research Company LLC
Fidelity Management & Research Company LLC
1.53538%
Norges Bank Investment Management (NBIM)
Norges Bank Investment Management (NBIM)
1.52766%
Invesco Advisers, Inc.
Invesco Advisers, Inc.
1.32727%
VanEck Asset Management B.V.
VanEck Asset Management B.V.
...

Pan American Silver Executives and Management Board

MS

Mr. Michael Steinmann

(59)

President, Chief Executive Officer, Director · since 2005

Compensation8.42 M USD
CL

Mr. Christopher Lemon

General Counsel, Chief Legal and Human Resources Officer

Compensation2.88 M USD
SM

Mr. Sean Mcaleer

Senior Vice President - Strategic Initiatives · since 2023

Compensation2.43 M USD
IC

Mr. Ignacio Couturier

Chief Financial Officer

Compensation2.26 M USD
GW

Ms. Gillian Winckler

(62)

Independent Chair of the Board

Compensation300,000 USD

Pan American Silver Supply Chain

Frequently asked questions about Pan American Silver

The business model of Pan American Silver Corp is centered around the exploration, acquisition, development, and operation of silver and gold mining properties. As one of the world's largest primary silver producers, Pan American Silver Corp focuses on high-quality assets that deliver sustainable production and long-term value for shareholders. With a commitment to responsible mining practices and a strong track record of operational excellence, the company utilizes advanced technologies and innovative approaches to ensure efficient and cost-effective production. Pan American Silver Corp's business model prioritizes cash flow generation and profitability, allowing them to capitalize on market opportunities and deliver robust returns to investors.

All fundamentals and in-depth analysis of Pan American Silver

Our stock analysis for Pan American Silver Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Pan American Silver Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.