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⚠️ Not investment advice. Past performance does not guarantee future results.
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Pan American Silver PAAS

Canada Basic Materials
6.5/10
AI Analyst score
48.04 USD
Last price at analysis date · analyst target 64.78 (+34.8%)
🛒 Where to buy PAASPartner brokers · US (NYSE/Nasdaq) · sample 200.00 € orderUS (NYSE/Nasdaq)
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🟡 HOLD — Hold; the solid financial position and growth justify the valuation, but exposure to Latin America and falling gold prices limit upside potential in the short term.

Pan American Silver is a Canadian mining company dedicated to the extraction and production of silver and gold, with operations in Latin America (Peru, Mexico, Argentina, and Bolivia) and a business model based on open-pit and underground mining. Pan American Silver shows excellent financial health (net cash, Debt/EBITDA of -0.41) and strong growth (38.5%), but its valuation is stretched (P/E 14.21) and the context of falling gold prices and jurisdictional risks in Latin America moderate its appeal.

Financial health
9.0
Quality / Moat
7.7
Valuation
4.8
Growth
8.6
Dividend
5.1
Momentum
7.8
Risk & Context
3.2

Detailed metrics

Market and fundamental data as of the analysis date.

💵 Valuation
P/E14.21
Fwd P/E10.39
EV/EBITDA9.03
P/B2.72
P/S4.62
PEG7.02
Market cap19.92 B USD
Enterprise value19.17 B USD
🏰 Quality and moat
ROIC (approx.)20.0%
Gross margin55.87%
FCF conversion62%
Operating margin37.81%
📈 Profitability and margins
ROE22.41%
ROA11.77%
Net margin32.03%
FCF1.32 B USD
FCF yield6.62%
🏦 Solvency and liquidity
Total debt841.0 M USD
Net debt-864.0 M USD
Cash1.70 B USD
EBITDA2.12 B USD
Net debt / EBITDA-0.41
D/E11.43
Current ratio2.94
Quick ratio2.18
🚀 Growth
Revenue growth38.40%
Earnings growth38.50%
EPS (TTM)3.38 USD
EPS (Fwd)4.62 USD
💰 Dividend and risk
Dividend yield1.54%
Payout18.3%
Beta1.59
Analyst consensusBuy (8)
Target price64.78 USD
52-week range33.08 USD – 69.99 USD
⚠️ Main risk: Jurisdictional and governance risk in its Latin American operations (Peru, Mexico, Argentina, Bolivia), which can affect operational stability and capital repatriation.
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Full AI report

Generated automatically from the metrics, the macro context and the company's news.

Pan American Silver is a Canadian mining company dedicated to the extraction and production of silver and gold, with operations in Latin America (Peru, Mexico, Argentina, and Bolivia) and a business model based on open-pit and underground mining. Pan American Silver shows excellent financial health (net cash, Debt/EBITDA of -0.41) and strong growth (38.5%), but its valuation is stretched (P/E 14.21) and the context of falling gold prices and jurisdictional risks in Latin America moderate its appeal.

Score by category

CategoryScore
Financial health9.0
Quality / Moat7.7
Valuation4.8
Growth8.6
Dividend5.1
Momentum7.8
Risk & Context3.2

OVERALL SCORE: 6.5/10

Context and risks

Operational exposure concentrated in Latin America (Peru, Mexico, Argentina, Bolivia), with moderate jurisdictional and governance risk in some of these countries, which can affect operational stability and profit repatriation.

News considered in the analysis

  • Pan American Silver And 2 Canadian Undervalued Stocks To Watch — Listículo genérico sin información nueva sobre la empresa.
  • Should You Sell Your Coeur Mining Stock Now? — Análisis sobre un competidor (Coeur Mining), no sobre Pan American Silver.
  • Can Pan American Silver's Solid Reserve Base Support Growth? — La actualización de la base de reservas es un hecho ya ocurrido y cubierto; el potencial de crecimiento que sugiere está parcialmente en el precio.
  • Pan American Silver (PAAS) Stock Falls Amid Market Uptick: What Investors Need to Know — Movimiento de mercado de corto plazo sin información fundamental nueva.
  • Pan American Silver (PAAS) Updates its Reserve Base. How Much Growth Reflects Better Mines? — Misma noticia que la de Zacks: actualización de reservas ya ocurrida, con impacto moderado y parcialmente descontado.

Verdict: Hold; the solid financial position and growth justify the valuation, but exposure to Latin America and falling gold prices limit upside potential in the short term.

Main risk: Jurisdictional and governance risk in its Latin American operations (Peru, Mexico, Argentina, Bolivia), which can affect operational stability and capital repatriation.

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Automatically generated analysis from fundamental, market and news data. Not personalised financial advice — a research tool, not an individual recommendation. Past performance does not guarantee future results. Last update of this analysis: 2026-09-28. Legal notice, privacy & cookies.