Pan American Silver Corp. logo

Pan American Silver Corp.(PAAS)

upturn advisory logo
ADVISORIES YOU CAN VERIFY
QUALITY SIGNAL RECENCY
1-STAR RATING
WEAK BUY
BUY for 28 days
PROFIT SINCE LAST BUY
-3.14%
LAST CLOSE
$49.99
09/18/2026
(24-hour delay)

Advisory History & Simulated Performance *

*as per simulation (see disclosures)
  • ALL
  • 1Y
  • 1M
  • 1W
  • BUY Advisory
  • SELL Advisory (Profit)
  • SELL Advisory (Loss)
  • Profit
  • Loss
  • PASS (Skip)
Upturn Stock price based on last close iconStock price based on last close

Advisory Performance History (Simulated)Advisory Performance History info

Upturn Advisory & Investor View for PAAS

09/18/2026: PAAS (1-star) has a low Upturn Star Rating. Not recommended to BUY.

How to Read the Upturn Advisory

The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.

Company fundamentals, valuation, risks, and news provide supporting context about the business.

Price Behavior

Downtrend
PRICE PATH

Downtrend

The stock has experienced a sustained decline in price over recent periods.

Choppy
PRICE STABILITY

Choppy

The stock has experienced frequent reversals and pronounced short-term price swings.

Analysis of Past Performance

Type Stock
Historic Profit 6.48%
Avg. Invested days 35
Today’s Advisory WEAK BUY
Upturn Advisory Rating upturn star rating icon
Upturn Advisory Performance Upturn Advisory Performance icon 3.0
Stock Returns Performance Upturn Returns Performance icon 2.0
Upturn Profits based on simulation icon Profits based on simulation
Upturn last close icon Last Close 09/18/2026

Upturn Scorecard

Upturn Star Rating

PAAS receives a 4-star rating, supported by strong unit economics, solid company fundamentals, solid quantitative characteristics, and solid analyst coverage. The rating is constrained by weak price momentum.

Company Fundamentals

PAAS has solid overall fundamentals (4 stars), with solid financial health, strong growth momentum, and solid ownership. In FY2025 versus FY2024, strong earnings growth (+792.5%) and strong cash generation (FCF margin 29.4%) are partially offset by very low insider ownership of 0.07%.

Financial Health Rating

PAAS's financial health is supported by strong cash strength, including free-cash-flow generation of $1.1B (29.4% of revenue). Operating efficiency is solid (4 stars), which helps explain the 4-star overall score.

Growth Momentum Score

Earnings growth is PAAS's strongest growth driver at +792.5% FY2025 versus FY2024 (strong, 5 stars). Revenue growth (+30.6%, solid) and free-cash-flow growth (+169.9%, strong) are also constructive, though not equally high across every growth measure.

Ownership

Institutional ownership is 61.4% and approximately 100.5% of outstanding shares are publicly tradable, supporting liquidity and institutional participation. Insider ownership is only 0.07%, which materially reduces the ownership score.

Top 5 Institutional Investors

Van Eck Associates Corporation 5.19%
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 3.70%
Vanguard Capital Management, LLC 2.76%
BlackRock Inc 2.12%
Jane Street Group LLC 1.54%

Unit Economics (Per $1K Revenue)

PAAS generates approximately $377 of gross profit, $323 of operating income, and $294 of free cash flow for every $1,000 of revenue. Based on FY2025 results. Strong cash conversion and healthy margins support the rating, although capital efficiency remains below the highest tier.

Economic Dimensions

Effective Tax Rate: 20.84%

Quantitative Style Profile

PAAS has a high-quality, large-cap, liquid profile. Weak momentum is the primary drawback, while elevated volatility.

Style Classification

Quality Focused

Value-OrientedQuality TiltHigh VolatilityLarge / Mega Cap StabilityHighly Liquid / Institution-Friendly

Key Highlights

Company Size Large-Cap Stock
Market Capitalization 20.73B USD
Price to earnings Ratio 14.79
1Y Target Price 64.78
Price to earnings Ratio 14.79
1Y Target Price 64.78
Volume (30-day avg) 4.8M shares
Beta 1.59
52 Weeks Range 32.65 - 69.34
Updated Date 09/20/2026
52 Weeks Range 32.65 - 69.34
Updated Date 09/20/2026
Dividends yield (FY) 1.25%
Basic EPS (TTM) 3.38

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Advertisement

Valuation

Trailing PE 14.79
Forward PE 12.2
Enterprise Value 19.88B
Price to Sales(TTM) 4.81
Enterprise Value 19.88B
Price to Sales(TTM) 4.81
Enterprise Value to Revenue 4.61
Enterprise Value to EBITDA 8.07
Shares Outstanding 414.62M
Shares Floating 416.70M
Shares Outstanding 414.62M
Shares Floating 416.70M
Percent Insiders 0.07
Percent Institutions 61.44

Financial Metrics

🧭 Investment Snapshot

Total Revenue (Scale)

Information icon Total money earned from selling products or services before any costs. It is needed to understand the scale of the business and its ability to generate income.

Net Income (Profit)

Information icon Final profit after all expenses, interest, and taxes are deducted. It is needed to determine the overall profitability available to shareholders.

Free Cash Flow (Cash Strength)

Information icon Cash remaining after operating activities and capital expenditures, showing cash available for growth. It is needed to evaluate the company’s ability to invest, pay dividends, or reduce debt.

📈 Growth & Strength

Operating Income (Core Profit)

Information icon Profit from core operations after deducting all operating expenses. It is needed to measure how efficiently the company runs its primary business activities.

EBITDA (Cash Earnings)

Information icon Earnings before interest, taxes, depreciation, and amortization, indicating operating cash potential. It is needed to compare operating performance across companies without accounting or financing differences.

Gross Profit (Unit Profitability)

Information icon Revenue minus cost of revenue, showing profit after direct production costs. It is needed to evaluate core business profitability before overhead expenses.

🛡️ Financial Safety

Cash (Liquidity Buffer)

Information icon Total cash and cash equivalents on hand. It is needed to evaluate immediate liquidity and financial flexibility.

Total Debt (Leverage Risk)

Information icon Total debt including both short-term and long-term components. It is needed to assess the company’s leverage and financial risk.

Net Working Capital (Short-Term Health)

Information icon Current assets minus current liabilities, indicating short-term liquidity strength. It is needed to assess whether the company can meet its short-term obligations.

🧱 Balance Sheet Strength

Stockholder Equity (Net Worth)

Information icon Total equity value held by shareholders. It is needed to understand the net worth of the company from the owners’ perspective.

Total Assets (Asset Base)

Information icon The full value of everything the company owns, including cash, inventory, equipment, and investments. It is needed to understand the resource base used to generate revenue.

Income Before Tax (Pre-Tax Earnings)

Information icon Income before provision for income taxes. It is needed to analyze profitability independent of tax structures.

⚙️ Cost & Drag Factors

Cost of Revenue (Production Cost)

Information icon Direct costs required to produce and deliver the products or services sold. It is needed to assess efficiency in production and service delivery.

Total Operating Expenses (Operating Cost)

Information icon Indirect costs of running the business such as salaries, marketing, and administration. It is needed to understand how much it costs to sustain ongoing business operations.

Income Tax Expense (Tax Drag)

Information icon Amount of taxes paid or payable to the government. It is needed to evaluate the impact of taxation on overall profitability.

About Pan American Silver Corp.

Exchange NYSE
Headquarters 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 9348
Full time employees 9348

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.