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Pan American Silver Corp. (PAAS)



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Upturn Advisory Summary
10/13/2025: PAAS (3-star) is a STRONG-BUY. BUY since 45 days. Simulated Profits (29.91%). Updated daily EoD!
1 Year Target Price $44.5
1 Year Target Price $44.5
3 | Strong Buy |
3 | Buy |
3 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -3.35% | Avg. Invested days 31 | Today’s Advisory Strong Buy |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
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Key Highlights
Company Size Large-Cap Stock | Market Capitalization 16.25B USD | Price to earnings Ratio 26.55 | 1Y Target Price 44.5 |
Price to earnings Ratio 26.55 | 1Y Target Price 44.5 | ||
Volume (30-day avg) 9 | Beta 0.89 | 52 Weeks Range 19.56 - 41.50 | Updated Date 10/13/2025 |
52 Weeks Range 19.56 - 41.50 | Updated Date 10/13/2025 | ||
Dividends yield (FY) 1.04% | Basic EPS (TTM) 1.45 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 16.76% | Operating Margin (TTM) 29.75% |
Management Effectiveness
Return on Assets (TTM) 6.28% | Return on Equity (TTM) 10.92% |
Valuation
Trailing PE 26.55 | Forward PE 15.04 | Enterprise Value 16275659652 | Price to Sales(TTM) 5.21 |
Enterprise Value 16275659652 | Price to Sales(TTM) 5.21 | ||
Enterprise Value to Revenue 5.22 | Enterprise Value to EBITDA 11.52 | Shares Outstanding 421998000 | Shares Floating 361352988 |
Shares Outstanding 421998000 | Shares Floating 361352988 | ||
Percent Insiders 0.06 | Percent Institutions 58.4 |
Upturn AI SWOT
Pan American Silver Corp.

Company Overview
History and Background
Pan American Silver Corp. was founded in 1994 and has grown to become one of the world's largest primary silver producers, expanding through acquisitions and organic growth.
Core Business Areas
- Silver Production: The primary focus is the exploration, development, extraction, processing, refining, and marketing of silver.
- Gold Production: Pan American also produces gold as a byproduct or primary product from some of its mines.
- Zinc, Lead, and Copper Production: These base metals are often byproducts of silver and gold mining operations.
Leadership and Structure
The leadership team consists of the CEO, CFO, COO, and various VPs overseeing different aspects of the business. The organizational structure is typical of a mining company, with divisions for exploration, operations, finance, and sustainability.
Top Products and Market Share
Key Offerings
- Silver: The company's primary product. Revenue varies based on silver prices and production volume. Competitors include Fresnillo, Hecla Mining, and other silver mining companies. Market share fluctuates based on production levels and overall market demand. Pan American is one of the world's largest primary silver producers.
- Gold: Gold production contributes significantly to revenue. Revenue depends on gold prices and production. Competitors in the gold market are vast, including Newmont, Barrick Gold, and AngloGold Ashanti. Gold is generally produced from the same mining operations that yield silver but is tracked separately
- Base Metals (Zinc, Lead, Copper): Byproducts of silver and gold mining, contributing to overall revenue. Prices depend on fluctuations in the global market. Competitors for these base metals are many including BHP and Rio Tinto.
Market Dynamics
Industry Overview
The silver mining industry is subject to commodity price volatility, geopolitical risks, environmental regulations, and economic cycles. Demand is driven by industrial applications, investment demand, and jewelry fabrication.
Positioning
Pan American Silver is a leading silver producer with a diversified portfolio of mines. Its competitive advantages include its operational expertise, diversified asset base, and focus on silver production. They operate in politically stable jurisdictions in the Americas.
Total Addressable Market (TAM)
The global silver market is estimated to be worth hundreds of billions of dollars annually. Pan American Silver captures a significant portion of this market but faces competition from other major silver producers.
Upturn SWOT Analysis
Strengths
- Large silver reserves
- Diversified asset base in the Americas
- Experienced management team
- Strong focus on safety and sustainability
- Robust financial position
Weaknesses
- Exposure to commodity price volatility
- Geopolitical risk in certain operating regions
- High operating costs compared to some competitors
- Dependence on a few key assets
- Environmental liabilities from mining operations
Opportunities
- Increasing demand for silver in industrial applications
- Acquisition of new silver mining projects
- Expansion of existing mining operations
- Technological advancements in mining techniques
- Strategic partnerships with other mining companies
Threats
- Decline in silver prices
- Increased regulatory scrutiny
- Political instability in operating regions
- Environmental disasters
- Competition from other silver producers
- Rising operating costs (energy, labor)
Competitors and Market Share
Key Competitors
- Fresnillo (FRES.L)
- Hecla Mining (HL)
- Coeur Mining (CDE)
Competitive Landscape
Pan American Silver's advantages include its large silver reserves and diversified asset base. Disadvantages include exposure to commodity price volatility and geopolitical risk.
Major Acquisitions
Yamana Gold Inc.
- Year: 2023
- Acquisition Price (USD millions): 4800
- Strategic Rationale: The acquisition of Yamana Goldu2019s Canadian assets diversifies the company's geographical risks and establishes Pan American Silver as a leading gold producer.
Growth Trajectory and Initiatives
Historical Growth: Growth has been achieved through acquisitions, exploration success, and efficient operations.
Future Projections: Future growth projections depend on commodity prices, production forecasts, and acquisition activity. Analysts provide projections, but subject to market volatility.
Recent Initiatives: Recent initiatives include exploration programs, mine expansions, and sustainability initiatives.
Summary
Pan American Silver is a major silver producer with a diversified portfolio, but its performance is highly sensitive to commodity prices. Its acquisitions are positive developments and recent initiatives will bolster future success. It needs to mitigate risks related to commodity price fluctuations and political instability to maximize shareholder value.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Filings
- Analyst Reports
- Industry Publications
- Market Data Providers
Disclaimers:
The data provided is for informational purposes only and should not be considered financial advice. Investment decisions should be based on thorough research and consultation with a qualified financial advisor. Market share estimates are approximate and may vary based on different sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pan American Silver Corp.
Exchange NYSE | Headquaters Vancouver, BC, Canada | ||
IPO Launch date 1995-06-12 | President, CEO & Director Mr. Michael Steinmann P.Geo., Ph.D. | ||
Sector Basic Materials | Industry Gold | Full time employees 9000 | |
Full time employees 9000 |
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. It explores for 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.

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