Pan American Silver (PAAS)
Operates and develops silver and gold mines across the Americas.
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Produces silver and gold from mines across the Americas, with zinc, lead, and copper by-products. Growth and portfolio reshaping come through acquisitions, exploration, development, expansions, and divestitures, while suspended Escobal and undeveloped Navidad depend on consultation and legal conditions beyond normal mine execution.
Operates silver and gold mines across the Americas, with investor-facing silver and gold portfolios spanning Mexico, Peru, Brazil, Canada, Chile, Argentina, Bolivia, and Guatemala. Zinc, lead, and copper are produced as by-products.
Builds and reshapes the portfolio through acquisitions, mine development, exploration, expansions, and divestitures. The Tahoe, Yamana, and MAG Silver transactions increased scale, broadened gold exposure, and later restored more silver weight, including an interest in the producing Juanicipio mine.
Results depend on commodity prices, safe mine execution, permitting, community relationships, and integration of acquired assets. Escobal remains suspended while a government-led consultation with the Xinka Indigenous Peoples continues, Navidad cannot advance under Chubut's current mining law, and Dolores has shifted from production toward residual leaching and closure.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 6, 2026 | Jefferies | Reiterate | Rating: —Target: $54 | Target: $53 |
| May 12, 2026 | TD Cowen | Upgrade | ||
| May 11, 2026 | TD Securities | Target | Target: — | Target: $72 |
| Mar 26, 2026 | UBS | Target | Target: — | Target: $94 |
| Feb 4, 2026 | CIBC | Target | Target: $62 | Target: $88 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.70B · Total debt $840.0M · Total assets $10.14B · Shareholders' equity $7.35B
- Revenue
- $1.10B
- Operating income
- $406.4M
- Net income
- $296.3M
HistoryDividendAnnual yield
| Institutions | 51.35% | 216.60M ADS | |
|---|---|---|---|
| 646 holders · as of Jun 30, 2026 | |||
| Other | 48.65% | 205.25M ADS | |
| remainder | |||
421.85M ADS as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
Van Eck Associates CorpInstitution | 4.52% | 19.07M ADS | as of Jun 30, 2026 |
Mirae Asset Global Etfs Holdings Ltd.Institution | 3.70% | 15.59M ADS | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 2.73% | 11.52M ADS | as of Jun 30, 2026 |
BlackRock, Inc.Institution | 1.99% | 8.39M ADS | as of Jun 30, 2026 |
Capital International InvestorsInstitution | 1.48% | 6.24M ADS | as of Jun 30, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
- Coeur Mining
Broad peer across North American silver and gold mining
- First Majestic Silver
Mexico-focused rival in underground silver and gold mining
- Hecla Mining
North American primary-silver peer with long-life reserves
- Endeavour Silver
Growing silver-gold peer across Mexico and Peru
CompareAfter hours
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Pan American Silver | $51.15 | +0.59% | $20.54B | 14.7 | 12.4 | 4.8 | +35.9% |
| Coeur Mining | $20.46 | −0.20% | $20.12B | 15.7 | 14.9 | 6.3 | +125.9% |
| First Majestic Silver | $20.32 | +0.05% | $9.52B | 27.8 | 22.8 | 5.8 | +57.0% |
| Hecla Mining | $19.13 | +0.47% | $12.31B | 37.4 | 23.8 | 7.7 | +9.8% |
| Endeavour Silver | $10.46 | −0.33% | $3.00B | 53.9 | 11.6 | 4.1 | +139.4% |
| Median | 32.6 | 18.8 | 6.1 | +91.4% |