PAAS Chart
About

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.

Fundamentals
Scroll to Statements
Sector Basic Materials Industry Gold Market Cap 27.72B
Enterprise Value 27.13B Income 978.00M Sales 3.62B
Book/sh 16.59 Cash/sh 3.13 Dividend Yield 83.00%
Payout 17.97% Employees 9348 IPO —
P/E 25.53 Forward P/E 16.40 PEG —
P/S 7.66 P/B 3.94 P/C —
EV/EBITDA 16.67 EV/Sales 7.50 Quick Ratio 1.92
Current Ratio 2.69 Debt/Eq 12.47 LT Debt/Eq —
EPS (ttm) 2.56 EPS next Y 3.99 EPS Growth 258.60%
Revenue Growth 44.70% Earnings 2026-05-06 ROA 8.48%
ROE 16.73% ROIC — Gross Margin 51.87%
Oper. Margin 34.88% Profit Margin 27.02% Shs Outstand 421.88M
Shs Float 421.44M Short Float — Short Ratio 1.08
Short Interest — 52W High 69.99 52W Low 20.55
Beta 1.24 Avg Volume 8.08M Volume 5.17M
Target Price $66.50 Recom Buy Prev Close $65.18
Price $65.36 Change 0.28%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$66.50
Mean price target
2. Current target
$65.36
Latest analyst target
3. DCF / Fair value
$43.51
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$65.36
Low
$55.00
High
$88.00
Mean
$66.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-26 main Scotiabank Sector Outperform → Sector Outperform $64
2026-01-21 main Jefferies Hold → Hold $54
2025-12-01 main B of A Securities Buy → Buy $51
2025-10-23 main Scotiabank Sector Outperform → Sector Outperform $47
2025-10-10 main CIBC Outperformer → Outperformer $62
2025-09-05 main Scotiabank Sector Outperform → Sector Outperform $36
2025-07-15 main CIBC Outperformer → Outperformer $46
2025-05-13 main CIBC Outperformer → Outperformer $39
2025-05-08 main CIBC Outperformer → Outperformer $42
2025-04-14 main Scotiabank Sector Outperform → Sector Outperform $32
2025-02-27 main TD Securities Buy → Buy $28
2025-02-25 main Scotiabank Sector Outperform → Sector Outperform $29
2024-10-04 main Jefferies Hold → Hold $23
2024-07-16 main Scotiabank Sector Outperform → Sector Outperform $26
2024-07-12 main Jefferies Hold → Hold $22
2024-07-10 main CIBC Outperformer → Outperformer $35
2024-05-23 main Scotiabank Sector Outperform → Sector Outperform $23
2024-05-22 main CIBC Outperformer → Outperformer $30
2024-04-08 main Scotiabank Sector Outperform → Sector Outperform $20
2024-02-29 init Jefferies — → Hold $14
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2500 168357.0 — Disposition in the public market at price 67.34 per share. Emerson (Christopher) Senior Officer of Issuer — 2026-01-26 00:00:00 D
1 1000 16744.0 — Exercise of options at price 16.74 per share. Fisekci (Siren) Senior Officer of Issuer — 2026-01-26 00:00:00 D
2 1000 67383.0 — Disposition in the public market at price 67.38 per share. Fisekci (Siren) Senior Officer of Issuer — 2026-01-26 00:00:00 D
3 1500 101301.0 — Disposition in the public market at price 67.53 per share. Winckler (Gillian D) Director of Issuer — 2026-01-26 00:00:00 D
4 2500 161205.0 — Disposition in the public market at price 64.48 per share. Emerson (Christopher) Senior Officer of Issuer — 2026-01-23 00:00:00 D
5 10000 653200.0 — Disposition in the public market at price 65.32 per share. Wafforn (Martin G) Senior Officer of Issuer — 2026-01-23 00:00:00 D
6 7534 461329.0 — Disposition in the public market at price 61.23 per share. Lemon (Christopher) Senior Officer of Issuer — 2026-01-22 00:00:00 D
7 7122 435581.0 — Disposition in the public market at price 61.16 per share. Lemon (Christopher) Senior Officer of Issuer — 2026-01-22 00:00:00 D
8 702 43083.0 — Disposition in the public market at price 61.37 per share. Mcaleer, Sean Senior Officer of Issuer — 2026-01-22 00:00:00 D
9 2003 30597.0 — Exercise of options at price 15.28 per share. Emerson (Christopher) Senior Officer of Issuer — 2026-01-19 00:00:00 D
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems-390.00K-36.40M-71.29M-8.56M
TaxRateForCalcs0.150.400.260.27
NormalizedEBITDA1.05B567.80M292.30M583.92M
TotalUnusualItems-2.60M-91.00M-272.00M-32.31M
TotalUnusualItemsExcludingGoodwill-2.60M-91.00M-272.00M-32.31M
NetIncomeFromContinuingOperationNetMinorityInterest111.50M-103.70M-341.70M97.43M
ReconciledDepreciation571.70M484.20M316.00M302.96M
ReconciledCostOfRevenue2.27B2.02B1.45B1.26B
EBITDA1.05B476.80M20.30M551.61M
EBIT479.30M-7.40M-295.70M248.65M
NetInterestIncome-53.40M-57.20M-7.70M-8.73M
InterestExpense47.60M51.40M5.30M3.66M
NormalizedIncome113.71M-49.10M-140.99M121.17M
NetIncomeFromContinuingAndDiscontinuedOperation111.50M-103.70M-341.70M97.43M
TotalExpenses2.47B2.23B1.56B1.35B
TotalOperatingIncomeAsReported530.70M38.10M-262.30M320.91M
DilutedAverageShares363.40M326.54M210.52M210.44M
BasicAverageShares363.36M326.54M210.52M210.30M
DilutedEPS0.31-0.32-1.620.46
BasicEPS0.31-0.32-1.620.46
DilutedNIAvailtoComStockholders111.50M-103.70M-341.70M97.43M
NetIncomeCommonStockholders111.50M-103.70M-341.70M97.43M
NetIncome111.50M-103.70M-341.70M97.43M
MinorityInterests-1.20M1.20M-1.60M-1.13M
NetIncomeIncludingNoncontrollingInterests112.70M-104.90M-340.10M98.56M
NetIncomeContinuousOperations112.70M-104.90M-340.10M98.56M
TaxProvision319.00M46.10M39.10M146.43M
PretaxIncome431.70M-58.80M-301.00M244.99M
OtherIncomeExpense134.80M-84.30M-227.00M-27.96M
SpecialIncomeCharges-1.40M-102.70M-258.90M32.17M
GainOnSaleOfPPE-1.40M1.20M-2.40M32.17M
WriteOff78.60M99.10M0.00
ImpairmentOfCapitalAssets0.0078.60M99.10M0.00
RestructuringAndMergernAcquisition0.0025.30M157.40M0.00
EarningsFromEquityInterest137.40M6.70M45.00M4.35M
GainOnSaleOfSecurity-1.20M11.70M-13.10M-64.47M
NetNonOperatingInterestIncomeExpense-53.40M-57.20M-7.70M-8.73M
TotalOtherFinanceCost5.80M5.80M2.40M5.07M
InterestExpenseNonOperating47.60M51.40M5.30M3.66M
OperatingIncome350.30M82.70M-66.30M281.68M
OperatingExpense198.20M214.10M114.70M86.26M
OtherOperatingExpenses96.10M71.70M40.60M19.63M
SellingGeneralAndAdministration69.80M61.40M29.00M34.85M
GeneralAndAdministrativeExpense69.80M61.40M29.00M34.85M
OtherGandA69.80M61.40M29.00M34.85M
GrossProfit548.50M296.80M48.40M367.94M
CostOfRevenue2.27B2.02B1.45B1.26B
TotalRevenue2.82B2.32B1.49B1.63B
OperatingRevenue2.82B2.32B1.49B1.63B
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber363.04M364.66M210.68M210.46M
ShareIssued363.04M364.66M210.68M210.46M
NetDebt304.10M86.70M
TotalDebt803.30M801.60M226.80M45.86M
TangibleBookValue4.70B4.76B2.20B2.63B
InvestedCapital5.41B5.46B2.39B2.64B
WorkingCapital1.03B765.80M423.60M613.49M
NetTangibleAssets4.70B4.76B2.20B2.63B
CapitalLeaseObligations94.50M97.90M33.10M30.56M
CommonStockEquity4.70B4.76B2.20B2.63B
TotalCapitalization5.41B5.46B2.38B2.64B
TotalEquityGrossMinorityInterest4.72B4.77B2.20B2.64B
MinorityInterest13.10M11.80M6.10M4.45M
StockholdersEquity4.70B4.76B2.20B2.63B
OtherEquityInterest94.20M94.00M93.30M93.38M
GainsLossesNotAffectingRetainedEarnings-30.90M-30.30M-3.00M0.00
OtherEquityAdjustments-30.90M-30.30M-3.00M
UnrealizedGainLoss-3.01M0.00
RetainedEarnings-1.30B-1.27B-1.03B-598.03M
CapitalStock5.94B5.97B3.14B3.14B
CommonStock5.94B5.97B3.14B3.14B
TotalLiabilitiesNetMinorityInterest2.49B2.44B1.05B882.58M
TotalNonCurrentLiabilitiesNetMinorityInterest1.80B1.82B666.10M494.90M
EmployeeBenefits57.50M58.50M6.30M4.89M
NonCurrentPensionAndOtherPostretirementBenefitPlans57.50M58.50M6.30M4.89M
TradeandOtherPayablesNonCurrent0.0016.00K
NonCurrentDeferredLiabilities558.60M576.30M175.00M218.09M
NonCurrentDeferredRevenue13.30M13.10M13.90M12.52M
NonCurrentDeferredTaxesLiabilities521.70M541.60M140.30M184.78M
LongTermDebtAndCapitalLeaseObligation755.90M749.20M199.50M31.80M
LongTermCapitalLeaseObligation53.90M52.20M19.50M19.90M
LongTermDebt702.00M697.00M180.00M11.90M
LongTermProvisions427.10M432.40M285.30M240.11M
CurrentLiabilities687.00M624.20M380.80M387.68M
OtherCurrentLiabilities12.80M100.00K1.80M351.00K
CurrentDebtAndCapitalLeaseObligation47.40M52.40M27.30M14.06M
CurrentCapitalLeaseObligation40.60M45.70M13.60M10.66M
CurrentDebt6.80M6.70M13.70M
OtherCurrentBorrowings6.80M6.70M13.70M
CurrentProvisions35.30M41.60M17.90M8.04M
PayablesAndAccruedExpenses591.50M530.10M333.80M365.22M
CurrentAccruedExpenses107.70M85.00M66.60M64.97M
Payables483.80M445.10M267.20M300.25M
OtherPayable156.90M174.30M132.10M131.32M
TotalTaxPayable132.50M72.60M46.30M91.47M
IncomeTaxPayable102.10M32.10M25.80M59.13M
AccountsPayable194.40M198.20M88.80M77.46M
TotalAssets7.20B7.21B3.25B3.52B
TotalNonCurrentAssets5.48B5.82B2.44B2.52B
OtherNonCurrentAssets78.60M43.90M32.10M26.77M
NonCurrentPrepaidAssets23.10M9.00M0.00
NonCurrentDeferredAssets44.50M80.40M55.90M55.95M
NonCurrentDeferredTaxesAssets44.50M80.40M55.90M55.95M
NonCurrentAccountsReceivable11.10M14.70M8.50M8.71M
InvestmentsAndAdvances0.00121.20M78.66M
InvestmentinFinancialAssets0.00121.20M78.66M
AvailableForSaleSecurities121.20M78.66M
LongTermEquityInvestment0.000.000.00
InvestmentsinAssociatesatCost0.000.000.00
GoodwillAndOtherIntangibleAssets2.77M2.77M
Goodwill2.77M2.77M
NetPPE5.33B5.68B2.23B2.34B
AccumulatedDepreciation-4.17B-3.94B-3.64B-3.27B
GrossPPE9.50B9.62B5.86B5.61B
MachineryFurnitureEquipment2.19B2.05B1.28B1.29B
CurrentAssets1.72B1.39B804.40M1.00B
OtherCurrentAssets10.89M13.01M
HedgingAssetsCurrent0.006.90M2.90M4.00M
PrepaidAssets31.60M29.70M11.00M13.01M
Inventory605.70M711.60M471.60M500.46M
Receivables195.80M200.90M176.60M148.43M
TaxesReceivable30.60M62.90M40.00M20.28M
AccountsReceivable165.20M138.00M136.60M128.15M
CashCashEquivalentsAndShortTermInvestments887.30M440.90M142.30M335.27M
OtherShortTermInvestments24.50M41.30M35.30M51.72M
CashAndCashEquivalents862.80M399.60M107.00M283.55M
CashFinancial862.80M399.60M107.00M283.55M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow400.80M71.20M-242.90M148.63M
RepurchaseOfCapitalStock-24.30M0.00
RepaymentOfDebt-57.00M-747.50M-20.00M-14.10M
IssuanceOfDebt0.00315.00M167.10M0.00
IssuanceOfCapitalStock1.40M0.00900.00K619.00K
CapitalExpenditure-323.30M-379.00M-274.70M-243.48M
EndCashPosition862.80M399.60M107.00M283.55M
BeginningCashPosition399.60M107.00M283.60M167.11M
EffectOfExchangeRateChanges-3.10M-3.70M-6.00M-3.10M
ChangesInCash466.30M296.30M-170.60M119.54M
FinancingCashFlow-225.20M-551.80M53.00M-85.91M
CashFlowFromContinuingFinancingActivities-225.20M-551.80M53.00M-85.91M
NetOtherFinancingCharges100.00K11.10M-300.00K-933.00K
CashDividendsPaid-145.40M-130.40M-94.70M-71.50M
CommonStockDividendPaid-145.40M-130.40M-94.70M-71.50M
NetCommonStockIssuance-22.90M0.00900.00K619.00K
CommonStockPayments-24.30M0.00
CommonStockIssuance1.40M0.00900.00K619.00K
NetIssuancePaymentsOfDebt-57.00M-432.50M147.10M-14.10M
NetShortTermDebtIssuance0.00
ShortTermDebtPayments0.00
ShortTermDebtIssuance0.00
NetLongTermDebtIssuance-57.00M-432.50M147.10M-14.10M
LongTermDebtPayments-57.00M-747.50M-20.00M-14.10M
LongTermDebtIssuance0.00315.00M167.10M0.00
InvestingCashFlow-32.60M397.90M-255.40M-186.66M
CashFlowFromContinuingInvestingActivities-32.60M397.90M-255.40M-186.66M
NetInvestmentPurchaseAndSale-3.50M158.60M10.60M11.02M
SaleOfInvestment2.00M158.60M10.60M11.02M
PurchaseOfInvestment-5.50M0.00
NetBusinessPurchaseAndSale290.40M614.50M0.00
SaleOfBusiness306.60M808.60M0.00
PurchaseOfBusiness-16.20M-194.10M0.00
NetPPEPurchaseAndSale-319.50M-375.20M-266.00M-197.68M
SaleOfPPE3.80M3.80M8.70M45.80M
PurchaseOfPPE-323.30M-379.00M-274.70M-243.48M
OperatingCashFlow724.10M450.20M31.80M392.11M
CashFlowFromContinuingOperatingActivities724.10M450.20M31.80M392.11M
TaxesRefundPaid-163.80M-149.40M-137.80M-129.21M
InterestReceivedCFO13.90M17.20M3.20M172.00K
InterestPaidCFO-37.30M-45.10M-6.60M-5.23M
ChangeInWorkingCapital-127.80M53.20M-42.00M-71.07M
ChangeInOtherWorkingCapital-2.80M-14.90M-2.70M-4.45M
ChangeInPayablesAndAccruedExpense22.60M-25.70M20.70M18.09M
ChangeInPrepaidAssets-18.70M9.40M2.50M1.05M
ChangeInInventory-67.80M38.50M-49.90M-82.89M
ChangeInReceivables-61.10M45.90M-12.60M-2.87M
OtherNonCashItems99.50M53.80M117.80M19.85M
StockBasedCompensation400.00K5.50M3.90M5.13M
UnrealizedGainLossOnInvestmentSecurities14.30M6.50M16.60M60.35M
ProvisionandWriteOffofAssets53.70M15.70M
AssetImpairmentCharge0.0078.60M99.10M0.00
DeferredTax319.00M46.10M39.10M146.43M
DeferredIncomeTax319.00M46.10M39.10M146.43M
DepreciationAmortizationDepletion571.70M484.20M316.00M302.96M
DepreciationAndAmortization571.70M484.20M316.00M302.96M
Depreciation316.04M302.96M
OperatingGainsLosses-132.20M-11.20M-37.40M-35.84M
EarningsLossesFromEquityInvestments0.00400.00K-45.00M-4.35M
GainLossOnInvestmentSecurities25.10M-9.30M-7.70M-6.03M
NetForeignCurrencyExchangeGainLoss-21.30M5.60M12.90M6.70M
GainLossOnSaleOfPPE1.40M-1.20M2.40M-32.17M
GainLossOnSaleOfBusiness-137.40M-6.70M
NetIncomeFromContinuingOperations112.70M-104.90M-340.10M98.56M
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

Public Trades for PAAS
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