Pan American Silver Corp. (PAAS) is a publicly traded company in the Basic Materials — Gold industry listed on NYSE. This overview shows the latest price, key valuation ratios, profitability metrics and financial-health indicators used by fundamental investors.
Pan American Silver Corp. is a mining enterprise dedicated to the full spectrum of metal operations, from discovery and site development to extraction, refinement, and environmental reclamation. The company focuses on precious and base metals including silver, gold, zinc, lead, and copper.
Is Pan American Silver Corp. stock overvalued or undervalued in 2026?
Pan American Silver Corp. (PAAS) trades at 11.5× earnings (P/E), against a median of 18.8× across the 156 materials companies above $2bn in Kaplio's universe. It trades at 87.2 times its average earnings over ten years; above 25 times, Graham's limit for the defensive investor, it is expensive.
Kaplio overview: Pan American Silver Corp.
Market cap $16B · 52 weeks $33 – $69 (44 % below the high) · P/E 11.5× · 2027 expected P/E 8.6× · Dividend 1.8 % · Next earnings November 4, 2026 · expected EPS $0.66 · Closing price, Oct 30 · accounts published Aug 12.
- Valuation: P/E 11.5× (expensive).
- Business: ROIC 13 % (fair).
- Balance sheet: Net cash/EBITDA 0.1× (solid).
- Earnings: 5 of 8 (uneven).
It trades at 87.2 times its average earnings over ten years; above 25 times, Graham's limit for the defensive investor, it is expensive.
What matters in materials: 5 of 8 pass
- FCF yield 4.0 %, fails.
- Capex / D&A 0.6×, fails.
- P/B across cycles 2.2×, fails.
- Gross margin 37.7 %, passes.
- Net debt / EBITDA (trough) −0.1×, passes.
- Dividend coverage 6.1×, passes.
- Altman Z-Score 5.2, passes.
- Cycle-adjusted EV/EBITDA 6.7×, passes.
Against its peers (reference peers) — Pan American Silver Corp.: P/E 11.5×; EV/EBITDA 6.7×; ROIC 13.1 %; $15.7B. Coeur Mining, Inc. (P/E 10.6×; EV/EBITDA 8.9×; ROIC 6.0 %; $13.6B), Fortuna Mining Corp. (P/E 7.5×; EV/EBITDA 2.8×; ROIC 18.8 %; $2.6B), Hecla Mining Company (P/E 27.6×; EV/EBITDA 10.3×; ROIC 18.3 %; $9.1B).
Dividend
tight (only raised recently) · Yield 1.8 % ($0.47 per ADS in 2025) · Years raising it 2 · 5-year growth +16 % a year · Free cash flow coverage 3.3× · With $1,000 invested today you'd collect $17.70 a year ($1.47 a month).
Profitability
| Return on Equity | 19.51% |
| Return on Invested Capital | 13.11% |
| Return on Assets | 13.61% |
| Gross Margin | 44.57% |
| Operating Margin | 39.18% |
| Net Margin | 32.09% |
Financial Health
| Debt / Equity | 0.11 |
| Current Ratio | 2.94 |
| Piotroski F-Score | 8 |
| Altman Z-Score | 5.21 |
Price Performance
| 1 month | -15.56% |
| 3 months | -11.90% |
| Year-to-date | -26.69% |
| 1 year | +7.87% |
| 3 years | +159.25% |
| 5 years | +46.92% |
| 10 years | +134.01% |
Dividend History
Paid in the last 12 months: $0.6840 per share in 4 payments.
| Date | Amount |
|---|---|
| 2026-08-24 | $0.1840 |
| 2026-05-19 | $0.1800 |
| 2026-03-02 | $0.1800 |
| 2025-11-24 | $0.1400 |
| 2025-08-18 | $0.1200 |
| 2025-05-20 | $0.1000 |
| 2025-03-03 | $0.1000 |
| 2024-11-18 | $0.1000 |
| 2024-08-19 | $0.1000 |
| 2024-05-17 | $0.1000 |
Amounts adjusted for stock splits.
Related companies: AG · HL · CDE · FSM · EXK
Explore sector: Basic Materials · Gold
More sections of PAAS: Financials · Valuation · Statistics · Estimates · Technical · Ownership · News · Events
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