Wall Street analyst estimates for Pan American Silver Corp. (PAAS): consensus price target, buy/hold/sell recommendations and forecasts for revenue and EPS for the upcoming fiscal years.
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.
Revenue and EPS estimates
| Fiscal year | Revenue (average) | Revenue (low – high) | EPS (average) | Analysts |
|---|---|---|---|---|
| 2026E | $4.7B | $4.5B – $4.9B | $3.33 | 6 |
| 2027E | $5.3B | $4.4B – $6.7B | $4.40 | 6 |
Figures in USD · consensus as of October 29, 2026
Analyst Consensus
| Strong Buy | 0 |
| Buy | 13 |
| Hold | 10 |
| Sell | 2 |
| Strong Sell | 0 |
| Total analysts | 25 |
| Avg rating (−2 sell to +2 buy) | 0.44 |
Recent Earnings Surprises
| Date | EPS Actual | EPS Est. | vs Est. |
|---|---|---|---|
| 2026-11-04 | $0.66 | ||
| 2026-08-12 | $0.73 | $0.84 | -13.1% |
| 2026-05-05 | $1.09 | $1.06 | +2.8% |
| 2026-02-18 | $1.11 | $0.90 | +23.3% |
| 2025-11-12 | $0.48 | $0.49 | -2.0% |
| 2025-08-06 | $0.43 | $0.40 | +7.5% |
| 2025-05-07 | $0.42 | $0.19 | +121.1% |
| 2025-02-19 | $0.35 | $0.37 | -5.4% |
Valuation Ratios
| P/E Ratio | 11.47 |
| Price / Book | 2.20 |
| EV / EBITDA | 6.73 |
| Dividend Yield | 1.77% |
Income Statement (10y)
| Year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $774.8M | $816.8M | $784.5M | $1.35B | $1.34B | $1.63B | $1.49B | $2.32B | $2.82B | $3.68B |
| Cost of Revenue | $575.9M | $648.1M | $683.6M | $1.15B | $1.08B | $1.26B | $1.45B | $2.02B | $2.27B | $2.30B |
| Gross Profit | $198.9M | $168.8M | $100.9M | $205.6M | $258.1M | $367.9M | $48.4M | $296.8M | $548.5M | $1.39B |
| Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Selling, General & Admin | $23.7M | $21.4M | $22.6M | $31.8M | $36.4M | $34.9M | $29.0M | $61.4M | $69.8M | $118.0M |
| Operating Expenses | $14.4M | -$19.6M | $58.2M | $78.5M | $48.1M | $47.0M | $310.7M | $258.7M | $17.8M | $198.4M |
| Operating Income | $184.5M | $188.3M | $42.7M | $127.1M | $210.0M | $320.9M | -$262.3M | $38.1M | $530.7M | $1.19B |
| EBITDA | $294.3M | $239.0M | $204.2M | $452.8M | $533.7M | $551.6M | $20.3M | $476.8M | $1.05B | $1.85B |
| Interest Expense | $5.1M | $2.5M | $2.2M | $19.8M | $12.5M | $8.7M | $7.3M | $58.2M | $50.8M | $59.0M |
| Pre-tax Income | $176.3M | $182.5M | $33.2M | $182.5M | $252.0M | $245.0M | -$301.0M | -$58.8M | $431.7M | $1.26B |
| Income Tax | $74.4M | $59.0M | $21.1M | $71.3M | $75.6M | $146.4M | $39.1M | $46.1M | $319.0M | $262.5M |
| Net Income | $100.1M | $121.0M | $10.3M | $110.7M | $177.9M | $97.4M | -$340.1M | -$103.7M | $111.5M | $995.1M |
| EPS | $0.66 | $0.79 | $0.07 | $0.55 | $0.85 | $0.46 | $-1.62 | $-0.32 | $0.31 | $2.61 |
| EPS (Diluted) | $0.66 | $0.79 | $0.07 | $0.55 | $0.85 | $0.46 | $-1.62 | $-0.32 | $0.31 | $2.61 |
| Shares Outstanding (Diluted) | 152.5 M | 153.4 M | 153.5 M | 201.6 M | 210.3 M | 210.4 M | 210.5 M | 326.5 M | 363.4 M | 381.6 M |
Price
| Price | $37.98 (closing price, October 30, 2026) |
| Market Cap | $15.7B |
| Exchange | NYSE |
| Country | CA |
Related companies: AG · HL · CDE · FSM · EXK
Explore sector: Basic Materials · Gold
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