Pan American Silver (PAAS.TO) Stock Price

Pan American Silver Price

TSX·CLOSED
48.39USD-1.93 (-3.91 %)
Market closed

Over the last 19 years Pan American Silver grew revenue by 15.0% 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 27.0% is up versus 6.0% a few years ago. At today's price the dividend yield works out to roughly 0.95%. The payout ratio is around 18% of earnings. The dividend has grown at 12.9% per year over the past 15 years. The consensus 12-month price target for Pan American Silver is 46.15 USD, about 4.6% below where the stock trades today. Of 10 analysts, 8 rate the stock a buy — an overall Buy consensus. The stock trades about 56% above its 52-week low.

Pan American Silver stock price

Volume
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
6/19/202648.39 USD
6/18/202650.32 USD
6/17/202653.18 USD
6/16/202651.80 USD
6/15/202651.62 USD
6/12/202647.83 USD
6/11/202644.84 USD
6/10/202644.64 USD
6/9/202646.17 USD
6/8/202647.32 USD
6/5/202649.20 USD
6/4/202653.82 USD
6/3/202653.89 USD
6/2/202655.36 USD
6/1/202655.05 USD
5/29/202656.79 USD
5/28/202654.57 USD
5/27/202654.10 USD
5/26/202654.85 USD
5/25/202655.75 USD
5/22/202653.87 USD
5/21/202654.03 USD
5/20/202654.47 USD
5/19/202653.07 USD
5/15/202656.66 USD
5/14/202661.26 USD
5/13/202663.67 USD
5/12/202663.83 USD
5/11/202662.23 USD
5/8/202659.09 USD
5/7/202657.73 USD
5/6/202656.42 USD
5/5/202650.33 USD
5/4/202650.85 USD
5/1/202651.40 USD
4/30/202651.90 USD
4/29/202651.25 USD
4/28/202652.30 USD
4/27/202655.01 USD
4/24/202655.86 USD
4/23/202655.15 USD
4/22/202656.39 USD
4/21/202655.53 USD
4/20/202658.50 USD
4/17/202659.10 USD
4/16/202656.63 USD
4/15/202657.58 USD
4/14/202658.46 USD
4/13/202657.76 USD
4/10/202658.25 USD
4/9/202657.45 USD
4/8/202657.97 USD
4/7/202657.08 USD
4/6/202656.88 USD
4/2/202656.73 USD
4/1/202656.41 USD
3/31/202655.56 USD
3/30/202652.07 USD
3/27/202652.40 USD
3/26/202650.29 USD
3/25/202651.95 USD
3/24/202650.17 USD
3/23/202649.16 USD
3/20/202647.01 USD
3/19/202648.42 USD
3/18/202651.85 USD
3/17/202655.72 USD
3/16/202656.35 USD
3/13/202656.25 USD
3/12/202659.76 USD
3/11/202660.35 USD
3/10/202660.97 USD
3/9/202660.06 USD
3/6/202659.10 USD
3/5/202659.84 USD
3/4/202661.64 USD
3/3/202661.47 USD
3/2/202666.92 USD
2/27/202668.32 USD
2/26/202667.44 USD
2/25/202664.21 USD
2/24/202665.39 USD
2/23/202665.24 USD
2/20/202664.68 USD
2/19/202661.22 USD
2/18/202658.07 USD
2/17/202655.82 USD
2/13/202657.68 USD
2/12/202654.25 USD
2/11/202659.37 USD
2/10/202658.71 USD
2/9/202658.42 USD
2/6/202655.09 USD
2/5/202652.39 USD
2/4/202657.37 USD
2/3/202656.43 USD
2/2/202653.46 USD
1/30/202654.17 USD
1/29/202662.25 USD
1/28/202665.21 USD
1/27/202663.75 USD
1/26/202664.91 USD
1/23/202664.50 USD
1/22/202662.11 USD
1/21/202657.71 USD
1/20/202659.13 USD
1/19/202657.34 USD
1/16/202656.07 USD
1/15/202656.66 USD
1/14/202656.88 USD
1/13/202656.72 USD
1/12/202656.45 USD
1/9/202655.13 USD
1/8/202653.72 USD
1/7/202653.93 USD
1/6/202655.99 USD
1/5/202653.39 USD
1/2/202651.14 USD
12/31/202551.95 USD
12/30/202552.65 USD
12/29/202552.21 USD
12/24/202553.58 USD
12/23/202553.87 USD
12/22/202553.96 USD
12/19/202551.93 USD
12/18/202550.30 USD
12/17/202550.30 USD
12/16/202549.47 USD
12/15/202549.60 USD
12/12/202549.95 USD
12/11/202550.64 USD
12/10/202549.02 USD
12/9/202548.95 USD
12/8/202544.08 USD
12/5/202544.80 USD
12/4/202545.02 USD
12/3/202545.25 USD
12/2/202545.76 USD
12/1/202547.10 USD
11/28/202546.25 USD
11/27/202543.34 USD
11/26/202543.66 USD
11/25/202540.65 USD
11/24/202540.30 USD
11/21/202537.81 USD
11/20/202537.55 USD
11/19/202540.11 USD
11/18/202538.84 USD
11/17/202538.39 USD
11/14/202539.45 USD
11/13/202540.00 USD
11/12/202539.24 USD
11/11/202538.46 USD
11/10/202538.27 USD
11/7/202535.67 USD
11/6/202534.86 USD
11/5/202534.83 USD
11/4/202534.15 USD
11/3/202535.59 USD
10/31/202536.07 USD
10/30/202536.32 USD
10/29/202535.73 USD
10/28/202535.85 USD
10/27/202535.48 USD
10/24/202537.15 USD
10/23/202536.99 USD
10/22/202536.62 USD
10/21/202536.28 USD
10/20/202540.32 USD
10/17/202539.33 USD
10/16/202543.11 USD
10/15/202542.10 USD
10/14/202540.54 USD
10/10/202539.35 USD
10/9/202539.47 USD
10/8/202540.55 USD
10/7/202540.10 USD
10/6/202540.77 USD
10/3/202539.78 USD
10/2/202539.95 USD
10/1/202539.97 USD
9/30/202539.38 USD
9/29/202539.43 USD
9/26/202539.02 USD
9/25/202537.47 USD
9/24/202536.94 USD
9/23/202538.17 USD
9/22/202537.67 USD
9/19/202536.68 USD
9/18/202535.48 USD
9/17/202535.53 USD
9/16/202536.37 USD
9/15/202537.40 USD
9/12/202537.09 USD
9/11/202537.18 USD
9/10/202536.70 USD
9/9/202535.89 USD
9/8/202536.07 USD
9/5/202534.98 USD
9/4/202533.93 USD
9/3/202534.29 USD
9/2/202534.51 USD
8/29/202534.02 USD
8/28/202533.09 USD
8/27/202533.21 USD
8/26/202533.43 USD
8/25/202532.90 USD
8/22/202532.96 USD
8/21/202532.53 USD
8/20/202531.67 USD
8/19/202531.04 USD
8/18/202531.96 USD
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Pan American Silver Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
2.32 B USD
117.30 M USD
-103.70 M USD
Jan 1, 2024
2.82 B USD
381.60 M USD
111.50 M USD
Jan 1, 2025
3.62 B USD
1.16 B USD
978.00 M USD
Jan 1, 2026 (e)
4.79 B USD
424.87 M USD
1.47 B USD
Jan 1, 2027 (e)
5.00 B USD
443.50 M USD
1.82 B USD
Jan 1, 2028 (e)
4.61 B USD
408.39 M USD
1.74 B USD
Jan 1, 2029 (e)
3.02 B USD
267.62 M USD
964.52 M USD
Jan 1, 2030 (e)
2.93 B USD
259.57 M USD
886.08 M USD

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

Last updated Aug 16, 2026, 10:13 PM
 
REVENUEB USD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB USD
EBITB USD
EBIT MARGIN%
NET INCOMEB USD
NET INCOME GROWTH%
DIV.USD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
0.670.770.820.781.351.341.631.492.322.823.624.795.004.613.022.93
-10.2514.845.43-3.9272.19-0.8921.97-8.4655.0221.6828.4232.444.40-7.93-34.47-3.01
-4.7525.5821.0812.7616.9626.9122.493.2112.7819.4538.8238.8238.8238.8238.8238.82
-0.030.200.170.100.230.360.370.050.300.551.411.861.941.791.171.14
-0.070.170.130.060.160.270.29-0.050.120.381.160.420.440.410.270.26
-9.7921.3215.328.0411.6320.1017.77-3.085.0513.5232.168.858.858.868.848.85
-0.230.100.120.010.110.180.10-0.34-0.100.110.981.471.821.740.960.89
-58.53-144.2520.00-91.671,000.0060.91-45.20-451.55-69.79-207.77781.0850.4123.39-4.08-44.63-8.09
0.270.050.100.140.140.220.340.150.400.600.460.850.991.15
-46.00-81.48100.0040.0057.1454.55-55.88166.6750.00-23.3384.7816.4716.16
151.66152.50153.35153.32201.57210.30210.44210.52326.54363.40381.58381.58381.58381.58381.58381.58
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.
  • 3 Years

  • 5 Years

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  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
22.53 %
17.78 %
5.97 %
Jan 1, 2022
3.24 %
-3.09 %
-22.86 %
Jan 1, 2023
12.81 %
5.06 %
-4.48 %
Jan 1, 2024
19.46 %
13.54 %
3.96 %
Jan 1, 2025
38.82 %
32.16 %
27.02 %
Jan 1, 2026 (e)
38.82 %
8.86 %
30.70 %
Jan 1, 2027 (e)
38.82 %
8.86 %
36.28 %
Jan 1, 2028 (e)
38.82 %
8.86 %
37.79 %

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.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
7.76 USD
1.38 USD
0.46 USD
Jan 1, 2022
7.10 USD
-0.22 USD
-1.62 USD
Jan 1, 2023
7.09 USD
0.36 USD
-0.32 USD
Jan 1, 2024
7.76 USD
1.05 USD
0.31 USD
Jan 1, 2025
9.48 USD
3.05 USD
2.56 USD
Jan 1, 2026 (e)
12.56 USD
1.11 USD
3.86 USD
Jan 1, 2027 (e)
13.11 USD
1.16 USD
4.76 USD
Jan 1, 2028 (e)
12.08 USD
1.07 USD
4.56 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

Details

Fair Value Estimate

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

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 of Pan American Silver was 381.58 M in 2025. This indicates how many shares Pan American Silver is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
210.44 M Stocks
Jan 1, 2022
210.52 M Stocks
Jan 1, 2023
326.54 M Stocks
Jan 1, 2024
363.40 M Stocks
Jan 1, 2025
381.58 M Stocks
Jan 1, 2026 (e)
381.58 M Stocks
Jan 1, 2027 (e)
381.58 M Stocks
Jan 1, 2028 (e)
381.58 M Stocks

Pan American Silver Dividend History

17 years of dividend payments

YearAnnual DividendYoY ChangePayments
20260.43USDYTD
Mar 2, 20260.18USD 28.6%1/2
May 19, 20260.25USD 37.2%2/2
20250.46USD 23.3%
Mar 3, 20250.10USD 0.0%1/4
May 20, 20250.10USD 0.0%2/4
Aug 18, 20250.12USD 20.0%3/4
Nov 24, 20250.14USD 16.7%4/4
20240.60USD 50.0%
20230.40USD 166.7%
20220.15USD 55.9%
20210.34USD 54.5%
20200.22USD 57.1%
20190.14USD 0.0%
20180.14USD 40.0%
20170.10USD 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.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Special dividend
Details
Date
Dividend
Dividend (Estimate)
Special dividend
Jan 1, 2021
0.34 USD
0.00 USD
0.00 USD
Jan 1, 2022
0.15 USD
0.00 USD
0.00 USD
Jan 1, 2023
0.40 USD
0.00 USD
0.00 USD
Jan 1, 2024
0.60 USD
0.00 USD
0.00 USD
Jan 1, 2025
0.46 USD
0.00 USD
0.00 USD
Jan 1, 2026 (e)
0.43 USD
0.43 USD
0.05 USD
Jan 1, 2027 (e)
0.00 USD
0.99 USD
0.00 USD
Jan 1, 2028 (e)
0.00 USD
1.15 USD
0.00 USD

Pan American Silver dividend payout ratio

In 2025, Pan American Silver had a payout ratio of 17.95%. The payout ratio indicates the percentage of the company's profits that Pan American Silver distributes as dividends.
  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
73.91 %
Jan 1, 2022
-9.26 %
Jan 1, 2023
-125.00 %
Jan 1, 2024
193.55 %
Jan 1, 2025
17.95 %
Jan 1, 2026 (e)
22.14 %
Jan 1, 2027 (e)
20.80 %
Jan 1, 2028 (e)
25.13 %

Current Pan American Silver forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
80.00 % (8)
Hold
20.00 % (2)
Sell
0.00 % (0)
12M Price Target
0.00
Last Price
48.39
Currency
USD
12M Return Potential
-100.00 %
LTM Return
0 %

Pan American Silver Analyst Rating Actions

DateFirmActionRatingReliability
7/9/2026
B of A Securities
B of A Securities
MaintainedBuy70
7/6/2026
Jefferies
Jefferies
MaintainedHold47
5/12/2026
TD Cowen
TD Cowen
UpgradeHoldBuy60
4/28/2026
RBC Capital
RBC Capital
MaintainedOutperform52
1/26/2026
Scotiabank
Scotiabank
MaintainedSector Outperform75
1/21/2026
Jefferies
Jefferies
MaintainedHold47
12/1/2025
B of A Securities
B of A Securities
MaintainedBuy70
10/23/2025
Scotiabank
Scotiabank
MaintainedSector Outperform75
10/10/2025
CIBC
CIBC
MaintainedOutperform
9/5/2025
Scotiabank
Scotiabank
MaintainedSector Outperform75

Eulerpool Reliability Score (0–100): measures how often a firm’s bullish or bearish calls were directionally correct three months later, blended with the average return following its calls. Every rating we record is stored permanently and scores update continuously; firms with fewer than 3 measured calls are not scored yet.

Pan American Silver Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/8/20240.15USD--USD-2024 Q1
2/20/20240.15USD-671.16 MUSD-2023 Q4
8/8/20230.10USD--USD-2023 Q2
5/9/20230.11USD--USD-2023 Q1
2/21/20230.10USD-380.90 MUSD-2022 Q4
11/9/2022-0.08USD-365.37 MUSD-2022 Q3
8/10/20220.16USD-430.39 MUSD-2022 Q2
5/11/20220.24USD-438.48 MUSD-2022 Q1
2/23/20220.25USD-453.85 MUSD-2021 Q4
11/9/20210.36USD-480.04 MUSD-2021 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
10.37350%
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
2.33170%
BlackRock Investment Management (UK) Ltd.
BlackRock Investment Management (UK) Ltd.
1.87888%
Fidelity Investments Canada ULC
Fidelity Investments Canada ULC
...

Pan American Silver Beneficial Ownership Filings (SEC 13D/G)

Free Float
99.9%
Float Shares
-
Shares Outstanding
-

Pan American Silver Executives and Management Board

21 members · avg. age 63 · 29 % women

MS

Mr. Michael Steinmann (59)

President, Chief Executive Officer, Director · since 2005

8.42 M USD

Management

CL

Mr. Christopher Lemon

General Counsel, Chief Legal and Human Resources Officer

2.88 M USD
SM

Mr. Sean Mcaleer

Senior Vice President - Strategic Initiatives · since 2023

2.43 M USD
IC

Mr. Ignacio Couturier

Chief Financial Officer

2.26 M USD
SC

Mr. Scott Campbell

Chief Operating Officer

CP

Mr. Cameron Paterson

Senior Vice President - Finance and IT

DF

Mr. Delaney Fisher

Senior Vice President, Associate General Counsel and Corporate Secretary

Board of Directors

GW

Ms. Gillian Winckler (62)

Independent Chair of the Board

300,000.00 USD
JM

Ms. Jennifer Maki (55)

Independent Director

225,000.00 USD
NG

Mr. Neil de Gelder (72)

Independent Director

223,000.00 USD
CJ

Mr. Charles Jeannes (66)

Independent Director

220,000.00 USD
KS

Mrs. Kathleen Sendall (72)

Independent Director

217,000.00 USD
JB

Mr. John Begeman (71)

Independent Director

209,917.00 USD

Pan American Silver Supply Chain

Pan American Silver Supply Chain

Correlation: how closely stock prices move together

Same directionNo relationOpposite
8 companies
#Nameβ 1YTrend
1
New Pacific Metals
Supplier·Customer·Metals & Mining·CA
0.78
0.56
0.27
0.68
0.80
0.77
1.19
2
Sandstorm Gold
Supplier·Metals & Mining·CA
0.08
0.92
0.93
0.85
0.84
0.70
3
Maverix Metals
Supplier·Customer·CA
0.95
0.97
0.73
0.85
0.88
0.61
4
Wheaton Precious Metals
Customer·Metals & Mining·CA
0.63
0.97
0.96
0.90
0.71
0.58
5
Royal Gold
Supplier·Metals & Mining·US
0.73
0.98
0.86
0.77
0.60
0.46
0.31
#Nameβ 1YTrend
1
SGS
Supplier·Professional Services·CH
0.44
0.57
0.06
-0.30
0.01
-0.55
0.00
2
Nexa Resources
Supplier·Customer·Metals & Mining·LU
0.82
0.86
0.74
0.65
0.53
-0.15
0.59
3
Franco-Nevada
Supplier·Metals & Mining·CA
0.95
0.99
0.89
0.84
0.59
0.14

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.

Pan American Silver Corp is primarily active in the mining industry.

Pan American Silver Corp faces competition from several major players in the market. Some of its main competitors include First Majestic Silver Corp, Hecla Mining Company, and Coeur Mining Inc. These companies also operate in the precious metals mining industry and compete for market share and resources. Pan American Silver Corp distinguishes itself through its diversified portfolio of assets, strong production growth, and focus on enhancing shareholder value. Despite the competitive landscape, Pan American Silver Corp has demonstrated resilience and remains a significant player in the global silver mining industry.

Pan American Silver Corp is a leading silver mining company with a rich history and strong background. Established in 1994, the company has evolved into one of the largest primary silver producers in the world. Pan American Silver Corp has a diversified portfolio of assets, including mines in Peru, Mexico, Bolivia, and Argentina. The company is committed to responsible and sustainable mining practices, ensuring the well-being of local communities and the environment. With a team of experienced professionals and a track record of delivering consistent results, Pan American Silver Corp continues to thrive in the global silver market.

Pan American Silver Corp has achieved several significant milestones in its history. Firstly, the company became publicly listed on the Toronto Stock Exchange and the NASDAQ in 1995. In 2003, Pan American Silver Corp acquired the Morococha mine in Peru, expanding its operations and increasing production capacity. In 2015, the company acquired the Dolores mine in Mexico, further strengthening its portfolio. Another major milestone was reaching the milestone of producing its 300 millionth ounce of silver in 2018. Pan American Silver Corp continues to grow and innovate within the silver mining industry, cementing its position as a prominent player in the sector.

Pan American Silver Corp primarily operates in several countries and regions. It has a strong presence in countries such as Mexico, Peru, Bolivia, Argentina, and Canada. With its operations spread across the Americas, Pan American Silver Corp is known for its significant investments and mining activities in these regions. The company's focus on diversification and sustainable growth has allowed it to establish a leading position in the silver mining industry in North and South America. By consistently exploring new opportunities, Pan American Silver Corp continues to expand its presence and contribute to the economies of these countries and regions.

Pan American Silver Corp represents values of integrity, transparency, and sustainability. The company is committed to conducting its business in an ethical and responsible manner, valuing its employees, shareholders, and the communities in which it operates. As a leading silver mining company, Pan American Silver Corp focuses on delivering long-term value for its stakeholders through disciplined growth strategies, technological innovation, and strong operational performance. The company's corporate philosophy revolves around the principles of safety, environmental stewardship, and respect for human rights. Pan American Silver Corp strives to create a positive impact on society and maintain sustainable practices throughout its operations.

Analysts currently set an average price target of 48.79 USD for the Pan American Silver stock (median: 46.15 USD), implying +0.8 % versus the latest price. The consensus is based on 10 analyst ratings.

10 analysts currently rate the Pan American Silver stock: 8 recommend buying, 2 holding and 0 selling. For 2026, analysts expect Pan American Silver to generate revenue of 4.79 B USD and earnings per share of 3.86 USD.

Converted at the current exchange rate, the Pan American Silver share trades at 41.85 EUR (48.39 USD).

The Pan American Silver share (PAAS.TO) is listed on 9 stock exchanges, including: NASDAQ (PAAS), Frankfurt (PA2.F), München (PA2.MU), Düsseldorf (PA2.DU), Hamburg (PA2.HM), London (0R07.L), London (0R07.L), SIX (Zürich) (PA2.SW).

The Pan American Silver Corp is a Canadian mining company specializing in the production of silver, gold, zinc, and lead. The company operates mines in North and South America and is one of the largest silver producers in the world. The core business of Pan American Silver is to extract and sell resources from its mines. The company focuses particularly on silver and gold, which are found in large quantities in the mines in Mexico, Peru, Argentina, and Bolivia. Zinc and lead are also produced. The company has various production sites specialized in each respective resource. In addition to resource extraction, the company engages in exploration activities to discover and develop new deposits. This involves the use of advanced technologies such as geological modeling, geophysical surveys, and analysis methods. Furthermore, Pan American Silver has a variety of subsidiaries that offer various services related to the mining industry. These include engineering services, technical consulting, and laboratory analysis. These subsidiaries enable the company to provide comprehensive solutions for customers in the mining industry. The company is committed to acting sustainably and responsibly in its production, both socially and environmentally. It relies on cutting-edge technologies and processes to minimize resource and energy consumption and reduce its carbon footprint. It also promotes local development and strives to make positive contributions to the communities in which it operates. In summary, Pan American Silver is a successful mining company offering a wide range of products and services related to the mining industry. Its main business is the extraction of resources such as silver, gold, zinc, and lead. The company primarily focuses on markets in North and South America. It is committed to acting sustainably, environmentally conscious, and taking social responsibility for the communities in which it operates.

The expected revenue of Pan American Silver is 4.79 B USD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Pan American Silver is 1.47 B USD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Pan American Silver is currently 12.55. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Pan American Silver stock.

The price-to-sales ratio (P/S) of Pan American Silver is currently 3.85. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Pan American Silver stock.

The Eulerpool Quality Score for Pan American Silver is 6/10.

The ISIN of Pan American Silver is CA6979001089. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Pan American Silver is 876617. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Pan American Silver is PAAS.TO. The ticker symbol is used to trade Pan American Silver shares on the stock exchange.

Over the past 12 months, Pan American Silver paid a dividend of 0.46 USD . This corresponds to a dividend yield of about 0.95 %. For the coming 12 months, Pan American Silver is expected to pay a dividend of 0.99 USD.

The current dividend yield of Pan American Silver is 0.95 %.

Pan American Silver pays a dividend, distributed in the months of , , , .

Pan American Silver paid dividends every year for the past 16 years.

For the upcoming 12 months, dividends amounting to 0.99 USD are expected. This corresponds to a dividend yield of 2.05 %.

Pan American Silver is assigned to the 'Commodities' sector.

In the year 2025, Pan American Silver distributed 0.6 USD as dividends.

The dividends of Pan American Silver are distributed in USD.

All fundamentals and in-depth analysis of Pan American Silver

Our stock analysis for Pan American Silver 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. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.