Is PAAS a good stock to buy right now?

Based on our 6-factor quantitative model, PAN AMERICAN SILVER CORP (PAAS) receives a "Hold" rating with a composite score of 52.8/100. It is ranked #1,357 out of 4,446 stocks. Key factor scores: Quality 36/100, Value 60/100, Momentum 69/100. The timing signal is "Neutral". This is quantitative analysis only — not investment advice.

What is the stock rating for PAAS?

PAN AMERICAN SILVER CORP (PAAS) has a "Hold" rating and 3-star score. The composite score of 52.8 ranks it #1,357 among 4,446 U.S. stocks. Ratings are updated weekly using academically-proven factor models.

What sector is PAAS in?

PAN AMERICAN SILVER CORP operates in the Materials sector (Precious Metals industry) with a market cap of $23.45 billion. It is classified as a large-cap stock.

Does PAAS pay a dividend?

PAAS does not currently pay a regular dividend. The company may be reinvesting profits for growth.

What is PAAS's P/E ratio?

P/E ratio data is not currently available for PAAS, which may indicate the company is not yet profitable.

How profitable is PAAS?

PAAS's quality factor score is 36/100. Gross margin: 19.5%. ROE: 9.6% vs sector average 3.3%. Margins are moderate to low, reflecting competitive market dynamics.

How is PAAS valued compared to peers?

PAAS's value factor score is 60/100 (higher = cheaper). Key multiples: , EV/EBITDA 5.8x. Valuation is roughly in line with peers.

What is PAAS's debt level?

PAAS's debt-to-equity ratio is 18%. Sector average: 41%. Low leverage suggests conservative financial management.

PAAS has a beta of 0.87, meaning it tracks the market. Stability score: 51/100.

Does PAAS have high short interest?

PAAS's short interest factor score is 48/100 (higher = less short selling). Elevated short interest may indicate bearish sentiment or short squeeze potential.

PAAS Stock Analysis: Hold (Score 52.8/100) | Blank Capital Research

Data Series	1D	5D	1M	YTD	1Y	3Y	5Y	10Y
PAAS	+1.39%	+3.35%	-6.29%	+11.25%	+132.05%	-	-	-
Industry Proxy XLB	+0.56%	+3.07%	+4.17%	+14.58%	-33.54%	-	-	-
U.S. Market SPY	-0.07%	+3.60%	+0.34%	-0.36%	+29.52%	-	-	-
Alpha vs Market	+1.46%	-0.25%	-6.63%	+11.61%	+102.52%	-	-	-
Alpha vs Sector	+0.83%	+0.28%	-10.46%	-3.32%	+165.58%	-	-	-

Metric	PAAS	Benchmark
P/E Ratio	52.4x	+98%
EV/EBITDA	5.8x	-3%
Price / Book	5.0x

Stock Entity	Score▼	Quality	Value	Momentum	P/E Ratio	ROE	Gross Margin	Net Margin	Rev Growth	D/E Ratio	Market Cap	Compare
CF CF Industries Holdings, Inc.	57	50	72	66	12.5x	21.1%	36.2%	24.9%	5.5%	41.0x	$19.7B	VS
NTR Nutrien Ltd.	57	37	70	64	53.5x	11.5%	29.0%	2.7%	-	52.0x	$35.9B	VS
UAN CVR PARTNERS, LP	56	50	71	67	12.2x	42.4%	28.5%	17.8%	23.1%	265.0x	$1.3B	VS
LXU LSB INDUSTRIES, INC.	54	50	54	73	39.7x	-3.3%	8.6%	-4.5%	11.0%	85.0x	$1.1B	VS
AA Alcoa Corp	54	50	61	71	19.0x	16.6%	10.0%	8.0%	3.1%	40.0x	$19.0B	VS
MEOH METHANEX CORP	53	34	76	72	23.8x	47.8%	19.1%	6.7%	-	149.0x	$4.6B	VS
PAAS PAN AMERICAN SILVER CORP	53	36	60	69	-	9.6%	19.5%	4.0%	-	18.0x	$23.4B
NGVT Ingevity Corp	53	50	68	66	53.4x	-638.7%	38.1%	-12.1%	-14.7%	5,459.0x	$2.5B	VS
SEE SEALED AIR CORP/DE	52	50	67	59	11.2x	44.7%	30.2%	10.4%	0.5%	318.0x	$6.2B	VS
ACU ACME UNITED CORP	51	50	71	51	15.9x	9.0%	39.4%	5.2%	-11.5%	45.0x	$171M	VS
APD Air Products & Chemicals, Inc.	51	50	49	50	176.7x	2.4%	31.6%	2.2%	3.9%	114.0x	$64.4B	VS

Key Ratio	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
Gross Margin %	0.2%	0.2%	-	0.0%	0.2%	0.3%	0.2%	0.1%	0.2%	0.3%
Operating Margin %	0.2%	0.2%	-	-0.0%	0.2%	0.2%	0.1%	0.1%	0.1%	0.2%
EBITDA Margin %	0.4%	0.4%	-	0.2%	0.4%	0.4%	0.3%	0.3%	0.3%	0.3%
Net Margin %	0.0%	0.0%	-	-0.2%	0.1%	0.1%	0.1%	0.0%	0.2%	0.1%
FCF Margin %	14.2%	14.2%	-	-16.3%	9.1%	17.8%	-70.3%	1.7%	-4.0%	-
ROE %	0.1%	0.0%	-0.0%	-0.2%	0.0%	0.1%	0.1%	0.0%	0.1%	0.1%
ROA %	0.1%	0.0%	-0.0%	-0.1%	0.0%	0.1%	0.1%	0.0%	0.1%	0.1%
ROIC %	6.9%	6.9%	-1.8%	-0.6%	9.9%	8.9%	5.8%	0.9%	6.9%	9.1%

Key Ratio

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

Gross Margin %

0.2%

0.0%

0.2%

0.3%

0.2%

0.1%

0.2%

0.3%

Operating Margin %

0.2%

-0.0%

0.2%

0.1%

0.2%

EBITDA Margin %

0.4%

0.2%

0.4%

0.3%

Net Margin %

0.0%

-0.2%

0.1%

0.0%

0.2%

0.1%

FCF Margin %

14.2%

-16.3%

9.1%

17.8%

-70.3%

1.7%

-4.0%

ROE %

0.1%

0.0%

-0.0%

-0.2%

0.0%

0.1%

0.0%

0.1%

ROA %

0.1%

0.0%

-0.0%

-0.1%

0.0%

0.1%

0.0%

0.1%

ROIC %

6.9%

-1.8%

-0.6%

9.9%

8.9%

5.8%

0.9%

6.9%

9.1%

Line Item	TTM	2024	2023	2022	2021	2020	2019	2018	2017	2016
	$2.8B	$2.8B	$0	$1.5B	$1.6B	$1.3B	$1.5B	$795M	$817M	$775M
	$549M	$549M	$297M	$48M	$368M	$360M	$290M	$101M	$169M	$199M
Gross Margin	19.5%	19.5%	---	3.2%	22.5%	26.9%	19.8%	12.7%	20.7%	25.7%
	—	—	—	—	—	—	—	$11M	—	—
Depreciation	—	$571M	$484M	$316M	$303M	$272M	$253M	$147M	$123M	$116M
	$412M	$412M	-$117M	-$19M	$297M	$275M	$193M	$16M	$117M	$145M
EBIT	$412M	$412M	-$117M	-$19M	$297M	$275M	$193M	$16M	$117M	$145M
EBITDA	$1.0B	$1.0B	$367M	$297M	$600M	$548M	$465M	$199M	$240M	$261M
Operating Margin	15.6%	15.6%	---	-1.2%	18.2%	20.5%	13.2%	5.5%	14.4%	18.7%
EBITDA Margin	35.9%	35.9%	---	19.9%	36.7%	40.9%	31.8%	25.1%	29.4%	33.7%
	—	—	—	$2M	—	—	$29M	$8M	—	—
	—	$319M	—	$39M	$146M	$76M	$71M	$21M	$59M	$74M
	$113M	$113M	-$105M	-$340M	$99M	$176M	$195M	$12M	$123M	$102M
Net Margin	4.0%	4.0%	---	-22.8%	6.0%	13.2%	13.4%	1.5%	15.1%	13.1%
	-	-	-	-	-	-	$0.55	$0.07	-	-
Diluted EPS	-	-	-	-	-	-	$0.55	$0.07	-	-

Line Item

TTM

2024

2023

2022

2021

2020

2019

2018

2017

2016

$2.8B

$1.5B

$1.6B

$1.3B

$1.5B

$795M

$817M

$775M

$549M

$297M

$48M

$368M

$360M

$290M

$101M

$169M

$199M

Gross Margin

19.5%

---

3.2%

22.5%

26.9%

19.8%

12.7%

20.7%

25.7%

—

$11M

—

Depreciation

—

$571M

$484M

$316M

$303M

$272M

$253M

$147M

$123M

$116M

$412M

-$117M

-$19M

$297M

$275M

$193M

$16M

$117M

$145M

EBIT

$412M

-$117M

-$19M

$297M

$275M

$193M

$16M

$117M

$145M

EBITDA

$1.0B

$367M

$297M

$600M

$548M

$465M

$199M

$240M

$261M

Operating Margin

15.6%

---

-1.2%

18.2%

20.5%

13.2%

5.5%

14.4%

18.7%

EBITDA Margin

35.9%

---

19.9%

36.7%

40.9%

31.8%

25.1%

29.4%

33.7%

—

$2M

—

$29M

$8M

—

$319M

—

$39M

$146M

$76M

$71M

$21M

$59M

$74M

$113M

-$105M

-$340M

$99M

$176M

$195M

$12M

$123M

$102M

Net Margin

4.0%

---

-22.8%

6.0%

13.2%

13.4%

1.5%

15.1%

13.1%

$0.55

$0.07

Diluted EPS

$0.55

$0.07

PAN AMERICAN SILVER CORP (PAAS) Stock Analysis — April 2026 Rating, Price, and Forecast

Last updated: April 2026

Company Overview — What Does PAN AMERICAN SILVER CORP Do?

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. It holds interests in the La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad mines. 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. PAN AMERICAN SILVER CORP (PAAS) is classified as a large-cap stock in the Materials sector, specifically within the Precious Metals industry. The company is led by CEO Michael Steinmann and employs approximately 13,000 people, headquartered in Vancouver, British Columbia. With a market capitalization of $23.4B, PAAS is one of the prominent companies in the Materials sector.

PAN AMERICAN SILVER CORP (PAAS) Stock Rating — Hold (April 2026)

As of April 2026, PAN AMERICAN SILVER CORP receives a Hold rating with a composite score of 52.8/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.PAAS ranks #1,357 out of 4,446 stocks in our coverage universe. Within the Materials sector, PAN AMERICAN SILVER CORP ranks #89 of 284 stocks, placing it in the upper half of its Materials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

PAAS Stock Price and 52-Week Range

PAN AMERICAN SILVER CORP (PAAS) currently trades at $57.32. The stock gained $0.47 (0.8%) in the most recent trading session. The 52-week high for PAAS is $69.99, which means the stock is currently trading -18.1% from its annual peak. The 52-week low is $20.55, putting the stock 178.9% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.

Is PAAS Overvalued or Undervalued? — Valuation Analysis

PAN AMERICAN SILVER CORP (PAAS) carries a value factor score of 60/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The price-to-book ratio stands at 5.04x, versus the sector average of 2.83x. The price-to-sales ratio is 2.10x, compared to 0.74x for the average Materials stock. On an enterprise value basis, PAAS trades at 5.85x EV/EBITDA, versus 6.01x for the sector.

Overall, PAAS's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

PAN AMERICAN SILVER CORP Profitability — ROE, Margins, and Quality Score

PAN AMERICAN SILVER CORP (PAAS) earns a quality factor score of 36/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 9.6%, compared to the Materials sector average of 3.3%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 6.3% versus the sector average of 0.6%.

On a margin basis, PAN AMERICAN SILVER CORP reports gross margins of 19.5%, compared to 29.8% for the sector. The operating margin is 15.6% (sector: 6.0%). Net profit margin stands at 4.0%, versus 3.0% for the average Materials stock. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

PAAS Debt, Balance Sheet, and Financial Health

PAN AMERICAN SILVER CORP has a debt-to-equity ratio of 18.0%, compared to the Materials sector average of 41.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. Total debt on the balance sheet is $857M. Cash and equivalents stand at $863M.

PAAS has a beta of 0.87, meaning it is roughly in line with the broader market in terms of price volatility. The stability factor score for PAN AMERICAN SILVER CORP is 51/100, reflecting average volatility within the normal range for its sector.

PAN AMERICAN SILVER CORP Revenue and Earnings History — Quarterly Trend

In TTM 2026, PAN AMERICAN SILVER CORP reported revenue of $2.82B. Net income for the quarter was $113M. Gross margin was 19.5%. Operating income came in at $412M.

In FY 2024, PAN AMERICAN SILVER CORP reported revenue of $2.82B. Net income for the quarter was $113M. Gross margin was 19.5%. Operating income came in at $412M.

In FY 2023, PAN AMERICAN SILVER CORP reported revenue of $0. Net income for the quarter was $-105M. Operating income came in at $-117M.

In FY 2022, PAN AMERICAN SILVER CORP reported revenue of $1.49B. Net income for the quarter was $-340M. Gross margin was 3.2%. Revenue grew -8.5% year-over-year compared to FY 2021. Operating income came in at $-19M.

Over the past 8 quarters, PAN AMERICAN SILVER CORP has demonstrated a growth trajectory, with revenue expanding from $795M to $2.82B. Investors analyzing PAAS stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

PAAS Dividend Yield and Income Analysis

PAN AMERICAN SILVER CORP (PAAS) does not currently pay a dividend. This is common among growth-oriented companies in the Precious Metals industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Materials dividend stocks may want to explore other Materials stocks or use the stock screener to filter by dividend yield.

PAAS Momentum and Technical Analysis Profile

PAN AMERICAN SILVER CORP (PAAS) has a momentum factor score of 69/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 57/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.

PAAS vs Competitors — Materials Sector Ranking and Peer Comparison

Within the Materials sector, PAN AMERICAN SILVER CORP (PAAS) ranks #89 out of 284 stocks based on the Blank Capital composite score. This places PAAS in the upper half of all Materials stocks in our coverage universe. Key competitors and sector peers include CF Industries Holdings, Inc. (CF) with a score of 56.6/100, Nutrien Ltd. (NTR) with a score of 56.6/100, CVR PARTNERS, LP (UAN) with a score of 55.6/100, LSB INDUSTRIES, INC. (LXU) with a score of 53.6/100, and ACME UNITED CORP (ACU) with a score of 51.2/100.

Comparing PAAS against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full PAAS vs S&P 500 (SPY) comparison to assess how PAN AMERICAN SILVER CORP stacks up against the broader market across all factor dimensions.

PAAS Next Earnings Date

No upcoming earnings date has been announced for PAN AMERICAN SILVER CORP (PAAS) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy PAAS? — Investment Thesis Summary

PAN AMERICAN SILVER CORP presents a balanced picture with arguments on both sides. The quality score of 36/100 flags below-average profitability. The value score of 60/100 suggests attractive pricing relative to fundamentals. Price momentum is positive at 69/100, suggesting the trend favors buyers.

In summary, PAN AMERICAN SILVER CORP (PAAS) earns a Hold rating with a composite score of 52.8/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on PAAS stock.

Related Resources for PAAS Investors

Explore more research and tools: PAAS vs S&P 500 comparison, top Materials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare PAAS head-to-head with peers: PAAS vs CF, PAAS vs NTR, PAAS vs UAN.

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PAN AMERICAN SILVER CORP (PAAS) Stock Analysis — April 2026 Rating, Price, and Forecast

Company Overview — What Does PAN AMERICAN SILVER CORP Do?

PAN AMERICAN SILVER CORP (PAAS) Stock Rating — Hold (April 2026)

PAAS Stock Price and 52-Week Range

Is PAAS Overvalued or Undervalued? — Valuation Analysis

PAN AMERICAN SILVER CORP Profitability — ROE, Margins, and Quality Score

PAAS Debt, Balance Sheet, and Financial Health

PAN AMERICAN SILVER CORP Revenue and Earnings History — Quarterly Trend

PAAS Dividend Yield and Income Analysis

PAAS Momentum and Technical Analysis Profile

PAAS vs Competitors — Materials Sector Ranking and Peer Comparison

PAAS Next Earnings Date

Should You Buy PAAS? — Investment Thesis Summary

Related Resources for PAAS Investors

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Intelligence Feed

Shares of precious metal companies are trading higher amid rising gold and silver prices and a weakened U.S. dollar. Easing energy prices in response to the U.S.-Iran ceasefire agreement and President Trump's social media post may lift metals demand and hasten future rate cuts.

Will Juanicipio Mine Boost Pan American Silver's 2026 Production?

QGold Resources Announces Maiden Preliminary Economic Assessment for the Quartz Mountain Gold Project, Positioning the Company as a Premier Gold Development Asset in the United States

Xali Gold Adds Permitting Expert to Development and Operations Teamat Pico Machay Gold Project in Peru

Assessing Pan American Silver (TSX:PAAS) Valuation After La Colorada Skarn Development Plan Update