NYSE: PAAS
Pan American Silver Corp.
Basic Materials · Silver
Market Cap
$24.01B
52w High
$69.99
52w Low
$24.90
P/E
18.88
Volume
4.06M
Outstanding Shares
421.35M
Price vs Fundamentals
Why The Stock Is Moving
What changed
The stock rose 135.5% over the last year. Revenue grew 34.35% over the trailing twelve months. Operating margin moved from 24.21% to 37.9%. Free cash flow grew 155.91% over the trailing twelve months.
What the market seems to be pricing
The stock move broadly lines up with stronger business momentum, and the shares are still only around the 15th percentile of their historical P/FCF range.
What would invalidate this read
Operating margin is at 37.9%. Revenue grew 34.35% — this thesis depends on that trajectory holding. If revenue growth, margins, or free cash flow roll over while the stock keeps climbing, more of the move would be coming from multiple expansion than business progress.
Company profile
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia.
Valuation
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Analyst consensus
13
Buy
10
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Aug 5, 2026
Q3 FY26 · EPS est $1.10 · Revenue est $1.15B
View
Dividends
$0.62/shareQuarterlySafePAAS pays a dividend with a 1.09% dividend yield, growing at 18.98% annually, covered 6.1× by free cash flow.
Dividend Yield
1.09%
Annual Div / Share
$0.62
5yr CAGR
+18.98%
Doubles every ~4.0yr
Payout Ratio
16.95%
Safe
Dividend Growth Rate
3yr CAGR
+14.78%
5yr CAGR
+18.98%
10yr CAGR
+17.37%
Dividend History
Annualized dividend cycles per share
Income Projection
Today
$1/mo
In 5 yrs
$2/mo
In 10 yrs
$3/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$11/yr $1/mo | $19/yr+76% $2/mo | $34/yr+211% $3/mo |
Long-range projections use a capped 12% annual growth assumption.
Yield-on-cost grows from 1.09% → 3.38% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 6.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 18.98% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.