Pan American Silver Corp. (PAAS) Stock: Price, Forecast & Analyst Target
Pan American Silver Corp. (PAAS) — MoonshotScore 93/100 (Exceptional band), calculated Oct 4, 2026. Price $45.51 (+1.18%), as of the Oct 2, 2026 trading session; market cap $19.2B. Expected results Nov 11, 2026.
Educational signal · not a buy or sell recommendation · How to read this
Market value / cash and short-term investments: 11.27× (market value Oct 2, 2026; cash Jun 30, 2026) · expected results Nov 11, 2026
Pan American Silver Corp. · PAAS · NYSE · Basic Materials · Gold
Research dated 2026-09-12: Pan American Silver runs mines across the Americas and sells refined silver and gold alongside lead, zinc, copper, and silver concentrates. Refined precious metals dominate the sales mix, so the company name should not be read as a pure exposure to silver. Gold production is carrying the immediate burden of proof: management expects output to recover later in the year, while the latest results show revenue and profit retreating from their recent peak.
Price as of Oct 2, 2026
Key Statistics
MoonshotScore v2 · Pan American Silver (PAAS)
ExceptionalWhy this rating? Method, drivers & history
Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.
- Business Quality — Is this a genuinely good business?
- Financial Safety — Could this blow up on me?
- Valuation — Am I paying a fair price?
- Growth Durability — Is the growth real and likely to last?
- Momentum — Is the market already moving on this?
Elite quality, a strong balance sheet and elite growth, at a cheap price, with no real weak spot. Business Quality: Elite; Financial Safety: Sound; Valuation: Fair; Growth Durability: Compounding; Momentum: Quiet.
- quarterly revenue $1.10B (Q2 FY2026, quarter ended Jun 2026)
- EPS beat 5 of 8
- Altman Z 5.36 · Piotroski F 6
Helping: business quality, balance-sheet strength, an attractive price, durable growth
What has the MoonshotScore done over time?
| Recorded | Score | Band |
|---|---|---|
| 94 | Exceptional | |
| 94 | Exceptional | |
| 94 | Exceptional | |
| 94 | Exceptional | |
| 94 | Exceptional | |
| 94 | Exceptional |
The score was 93 in the stored Oct 3, 2026 snapshot and remains 93 in the current publication computed Oct 4, 2026 (0); the largest pillar moves were Momentum -1; the pillar moves offset under the sector-relative weighting, so the headline score is unchanged.
Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.
Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →
Price & valuation
| Measure | Value | As of |
|---|---|---|
| Latest provided price | $45.51 | |
| Change on the day | +1.18% | |
| 52-week range | $33.08 – $69.99 | |
| Market capitalisation | $19.2B | |
| Price / earnings (trailing) | 13.75 | |
| Shares traded on the day | 3.07M | |
| Beta (volatility vs the S&P 500) | 1.59 | |
| Dividends per share (last 12 months) | $0.68 | |
| Dividend yield (last 12 months) | 1.50% |
Price & events
Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file or a dated event that is not a results report. Numbers key to the dated list. Point at or tab to any week for its close.
Events behind the price
- · Earnings results · below the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · above the recorded estimate
- · Earnings results · below the recorded estimate
- · Earnings call · management outlook
Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.
Upcoming events
Management outlook
We expect Q2 to be the weakest gold production quarter of the year with production more heavily weighted to the fourth quarter as we indicated in Q1.
Michael Steinmann · Statement from
Within that outlook, we now expect full year gold production to be at the low end of the 700,000 to 750,000 ounce guidance range.
Michael Steinmann · Statement from
Statement dates identify the earnings call, not a deadline. Management expectations and provider estimates can change.
Read management statementsCouncil Score · weighted blend of 2 available disciplines
Council score for Pan American Silver (PAAS): Strongly Bullish
85/100 · A+Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
5-Factor Breakdown
Legends Council
2 lenses, 2 current
AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built
Read on: Oct 4, 2026
Munger's Mindset
Balance Sheet & Valuation · historical
Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading
How to read these bars and different assessments
Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.
Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.
On Sep 10, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.
Readings on this page are from Oct 5, 2026, except a card that shows its own read date.
Watch the PAAS film — every key number, told as a short cinematic story
~2 min · open the film
What is Pan American Silver (PAAS), and what does it report?
Short answer · as of
Pan American spans discovery, mine development, extraction, refining, and eventual reclamation.
Research dated 2026-09-12.
Pan American spans discovery, mine development, extraction, refining, and eventual reclamation. Its operating footprint reaches Canada, Mexico, Peru, Argentina, and Bolivia, giving shareholders exposure to a portfolio of mines rather than a single property.
Reported revenue primarily measures sales of refined silver and gold, supplemented by lead, zinc, copper, and silver concentrates. The gold industry classification is therefore directionally relevant but incomplete: this is a multi-metal producer whose base-metal concentrates contribute alongside its precious-metal output.
What do the latest results show for Pan American Silver (PAAS)?
Short answer · as of
The most recent reported quarter, Q2 FY2026, carried revenue of $1.10B.
Research dated 2026-09-12.
Revenue declined from the preceding period, while gross profit, operating profit, net income, and diluted earnings also moved lower. The latest reported revenue and earnings fell short of consensus, interrupting a run that had included stronger profit outcomes and a substantial annual earnings recovery.
Operating cash flow remained robust despite the income-statement slowdown and continued to exceed capital spending comfortably. Management says gold production was expected to be weakest in the latest period, with improvement weighted toward the latter part of the year; it also placed full-year gold output near the low end of guidance and warned that the nearer production period would fall below its prior range.
Where is operating spending going?
Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.
- Latest quarter · revenue
- $1.10B Jun 30, 2026
- Latest quarter · SG&A
- $17.54M Jun 30, 2026
- Latest quarter · FMP standardized operating result
- $406.41M Jun 30, 2026
| Period end | Revenue | R&D | SG&A | FMP standardized operating result |
|---|---|---|---|---|
| Jun 30, 2026 | $1.10B | Not available | $17.54M | $406.41M |
| Mar 31, 2026 | $1.15B | Not available | $39.00M | $560.00M |
| Dec 31, 2025 | $1.20B | Not available | $39.09M | $469.00M |
| Sep 30, 2025 | $854.60M | Not available | $31.40M | $249.70M |
USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.
Did results meet expectations?
Reported earnings and revenue alongside the estimates recorded by the provider.
- Latest report · revenue
- $1.10B Aug 12, 2026
- Latest report · revenue estimate
- $1.13B Aug 12, 2026
- Latest report · revenue vs estimate
- Below estimate Aug 12, 2026
- Latest report · EPS vs estimate
- Below estimate Aug 12, 2026
| Report date | Revenue · reported | Revenue · estimate | EPS · reported | EPS · estimate |
|---|---|---|---|---|
| Aug 12, 2026 | $1.10B | $1.13B | $0.7300 | $0.8400 |
| May 5, 2026 | $1.13B | $1.20B | $1.0900 | $1.0600 |
| Feb 18, 2026 | $1.17B | $1.11B | $1.1100 | $0.9000 |
| Nov 12, 2025 | $854.60M | $1.16B | $0.4800 | $0.4900 |
Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.
Quarterly income statement — 4 quarters
| Period | Revenue | Net income | EPS |
|---|---|---|---|
| Q2 FY2026 | $1.10B | $296M | $0.70 (diluted) |
| Q1 FY2026 | $1.15B | $457M | $1.08 (diluted) |
| Q4 FY2025 | $1.20B | $458M | $1.09 (diluted) |
| Q3 FY2025 | $855M | $169M | $0.44 (diluted) |
What are the financial strengths and risks for Pan American Silver (PAAS)?
Short answer
Cash and short-term investments were $1.70B at the Jun 30, 2026 balance-sheet date. Operating cash flow was $499.86M for the quarter ended Jun 30, 2026, meaning operations generated cash. These figures do not establish a cash runway.
Research dated 2026-09-12.
Cash and short-term investments exceed total debt, the company is in a net-cash position, and reported liquidity ratios indicate substantial coverage of near-term obligations. The cash balance has expanded markedly across the reported history, while operating cash flow has remained above capital spending throughout that series.
Long-term investments add further balance-sheet capacity, although their classification does not establish how readily they can be converted into funding. Net cash is also modest beside the company’s market value, so the equity valuation still rests mainly on mine economics and execution rather than surplus cash.
The sharpest operating risk is a failure of the promised gold-production recovery. Refined silver and gold dominate revenue, making weaker output or less favorable realized economics capable of flowing quickly through profit and cash generation even when base-metal concentrates provide some diversification.
How much cash does the business generate or use?
Quarterly operating cash flow shows cash generated or used by operations.
- Latest quarter · operating cash flow
- $499.86M Jun 30, 2026
- Previous quarter · operating cash flow
- $505.00M Mar 31, 2026
| Period end | Operating cash flow | Capital expenditure (reported) |
|---|---|---|
| Jun 30, 2026 | $499.86M | −$96.50M |
| Mar 31, 2026 | $505.00M | −$105.00M |
| Dec 31, 2025 | $610.05M | −$96.00M |
| Sep 30, 2025 | $308.70M | −$91.10M |
Operating cash-flow bars share one scale and show magnitude; negative values mean cash used.
USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway.
What should you watch next at Pan American Silver (PAAS)?
Short answer · as of
The next earnings report is expected on Nov 11, 2026.
Research dated 2026-09-12.
Gold production should be checked against management’s promised later-year weighting, its reduced full-year expectation, and the warning for the nearer production period. A rebound would support the production-timing narrative; continued weakness would put more pressure on revenue and margins.
The forthcoming results also need to show whether revenue stabilizes after its recent decline and whether earnings return closer to consensus after the latest miss. Cash conversion matters just as much: operating cash flow should continue to cover mine investment without eroding the enlarged cash position.
Long-range revenue estimates are widely dispersed and analyst coverage becomes thinner farther out. Nearer operating evidence from production, margins, capital spending, and cash accumulation therefore offers a firmer test than distant consensus figures.
What management is planning
Management expectations, not completed milestones or guarantees. Selected verbatim excerpts; dates follow the transcript provider.
We expect Q2 to be the weakest gold production quarter of the year with production more heavily weighted to the fourth quarter as we indicated in Q1.
Michael Steinmann ·
Within that outlook, we now expect full year gold production to be at the low end of the 700,000 to 750,000 ounce guidance range.
Michael Steinmann ·
We have also revised our third quarter gold outlook to approximately 3,000 to 6,000 ounces below the low end of the quarterly guidance range of 178,500 to 192,000 ounces of gold.
Michael Steinmann ·
Across the portfolio, we expect gold production to improve over the balance of the year, weighted to the fourth quarter, as previously indicated.
Michael Steinmann ·
What the records here don't tell us
- No insider Form 4 transaction falls inside the window this page reads.
Checked against the records this page reads, on the dates shown above.
How does Pan American Silver compare with its peers?
Short answer
Pan American Silver's score ranks 8th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.
Research dated 2026-09-12.
Pan American differs from a pure silver miner because refined gold shares the dominant product category, while lead, zinc, copper, and silver concentrates broaden the revenue mix. That combination makes the company sensitive to both precious-metal mine performance and the contribution of base-metal by-products.
Its portfolio also spans mine discovery through reclamation across several American jurisdictions. Compared with a single-asset producer, that structure spreads production across named properties and metals, but it also makes consolidated results the sum of many mine-level outcomes rather than one operating story.
| Company | Price | Market value | Score |
|---|---|---|---|
| $35.62 Oct 2, 2026 | $31.9B | 100 5-pillar Oct 4, 2026 | |
| $17.38 Oct 2, 2026 | $10.9B | 100 5-pillar Oct 4, 2026 | |
| $24.06 Oct 2, 2026 | $28.5B | 99 5-pillar Oct 4, 2026 | |
| $18.52 Oct 2, 2026 | $10.7B | 99 5-pillar Oct 4, 2026 | |
| $94.92 Oct 2, 2026 | $48.0B | 99 5-pillar Oct 4, 2026 | |
| $115.01 Oct 2, 2026 | $17.7B | 98 5-pillar Oct 4, 2026 | |
| $239.30 Oct 2, 2026 | $46.2B | 98 5-pillar Oct 4, 2026 | |
| Pan American Silver (PAAS) — this page | $45.51 | $19.2B | 93 |
| $32.46 Oct 2, 2026 | $13.6B | 92 5-pillar Oct 4, 2026 | |
| $234.64 Oct 2, 2026 | $19.9B | 89 5-pillar Oct 4, 2026 | |
| $400.31 Oct 2, 2026 | $20.4B | 83 5-pillar Oct 4, 2026 | |
| $38.12 Oct 2, 2026 | $9.94B | 82 5-pillar Oct 4, 2026 | |
| $17.66 Oct 2, 2026 | $18.2B | 81 5-pillar Oct 4, 2026 |
Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.
The records behind this page
Analyst targets & estimates
What analysts have on file
- Price target, low to high
- $53.00 – $72.00
- Consensus target
- $62.50
- Median target
- $62.50
Consensus record · Captured .
Measured against a quoted price of $45.51 (as of Oct 2, 2026).
Who holds the shares?
Institutional ownership reported through 13F filings.
- Institutional ownership
- 51.6% Period end Jun 30, 2026
- Previous quarter · ownership
- 51.6% Prior to period end Jun 30, 2026
- Reporting holders
- 647 Period end Jun 30, 2026
- Previous quarter · holders
- 672 Prior to period end Jun 30, 2026
| Holders in provider snapshot | Shares |
|---|---|
| Van Eck Associates Corp | 19,066,671 |
| Mirae Asset Global Etfs Holdings Ltd. | 15,588,063 |
| Vanguard Capital Management LLC | 11,523,430 |
| Blackrock, INC. | 8,393,564 |
| Capital International Investors | 6,236,775 |
Quarterly filings lag the period end. Holder rows are names in the provider snapshot, not a verified ranking; individual filing dates are not supplied. Related managers may appear separately, so these positions are not summed. Holder snapshot as of Jun 30, 2026.
What has been published about Pan American Silver (PAAS)?
- Pan American Silver Targets La Colorada Growth While Boosting Shareholder Returns
- Voestalpine (OTCMKTS:VLPNY) & Pan American Silver (NYSE:PAAS) Head-To-Head Review
- Pan American Silver Corp. (PAAS:CA) Presents at Mining Forum Americas 2026 Transcript
- Pan American Silver (PAAS) Suffers a Larger Drop Than the General Market: Key Insights
Pan American Silver Basic Materials Stock: Key Questions Answered
Research dated 2026-09-12; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.
Why does gold output matter so much to Pan American Silver?
Refined silver and gold form the dominant sales category, and management’s current outlook focuses on recovering gold production later in the year. The silver name therefore does not make gold execution peripheral to earnings.
What has Michael Steinmann said about Pan American’s production schedule?
Steinmann said gold production should improve later in the year after the weakest period, while also guiding full-year output toward the low end of the stated range. He separately warned that the nearer production period would undershoot its prior range.
Can Pan American fund mine investment from its own cash generation?
Operating cash flow has exceeded capital spending throughout the reported series, while cash and short-term investments stand above debt. Long-term investments provide additional capacity, though their classification leaves their immediate liquidity less certain.
Has Pan American Silver recently increased its dividend?
Recent per-share payments have risen from the earlier level in the disclosed sequence. The latest increase was modest, so future distributions still depend on the cash produced after mine investment.
What is the PAAS stock price today?
The last price recorded on this page for Pan American Silver Corp. (PAAS) is $45.51, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.
What is the PAAS price target?
The analyst consensus price target for Pan American Silver Corp. (PAAS) is $62.50 (range $53.00 to $72.00, median $62.50), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Research written by Codex (gpt-5.6-sol) on 2026-09-12. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.
Sources — records for every figure on this page (80 figures)
The 80 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.
"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.
OFFICIAL — 1 fact from SEC filings and earnings calls
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
prod.outlook | Management outlook — call excerpts | Michael Steinmann (Aug 13, 2026): We expect Q2 to be the weakest gold production quarter of the year with production more heavily weighted to the fourth quarter as we indicated in Q1. Michael Steinmann (Aug 13, 2026): Within that outlook, we now expect full year gold production to be at the low end of the 700,000 to 750,000 ounce guidance range. Michael Steinmann (Aug 13, 2026): We have also revised our third quarter gold outlook to approximately 3,000 to 6,000 ounces below the low end of the quarterly guidance range of 178,500 to 192,000 ounces of gold. Michael Steinmann (Aug 13, 2026): Across the portfolio, we expect gold production to improve over the balance of the year, weighted to the fourth quarter, as previously indicated. | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) — Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. |
FMP — 68 facts from Financial Modeling Prep endpoint families
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.next | Next earnings date | Nov 11, 2026 | FMP | Financial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it. | |
px.last | Latest provided price | $45.51 | FMP | Financial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T21:04:44.297Z. | |
px.change | Change on the day | +1.18% | FMP | Financial Modeling Prep (FMP) · quote | |
px.mcap | Market capitalisation | $19.2B | FMP | Financial Modeling Prep (FMP) · quote — Date unknown Market cap record date: 2026-10-02. FMP quote timestamp: 2026-10-02T20:00:02.000Z. Captured from FMP at 2026-10-04T21:04:43.043Z. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares. | |
px.change_abs | Change on the day, in dollars | +$0.53 | FMP | Financial Modeling Prep (FMP) · quote | |
fin.q_revenue | Revenue, Q2 FY2026 | $1.10B | FMP | Financial Modeling Prep (FMP) · income statement (quarterly) | |
px.pe | Price / earnings (trailing) | 13.75 | FMP | Financial Modeling Prep (FMP) · quote | |
px.volume | Shares traded on the day | 3.07M | FMP | Financial Modeling Prep (FMP) · quote | |
px.beta | Beta | 1.59 | FMP | Financial Modeling Prep (FMP) company profile | |
id.employees | Employees | 9,348 | FMP | Financial Modeling Prep (FMP) employee count, from the company's filing | |
id.hq | Headquarters | 733 Seymour Street, Vancouver, BC, V6B 0S6, Canada | FMP | Financial Modeling Prep (FMP) company profile | |
fin.annual | Revenue and net result by fiscal year | 5 fiscal years, FY2021 through FY2025: FY2021 revenue $1.63B, net result $97.43M; FY2022 revenue $1.49B, net result −$340.06M; FY2023 revenue $2.32B, net result −$103.70M; FY2024 revenue $2.82B, net result $111.50M; FY2025 revenue $3.68B, net result $995.12M | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements | |
fin.rev_mix | Reported revenue segments | Lead Concentrate $379.00M · Zinc Concentrate $153.00M · Copper Concentrate $56.00M · Silver Concentrate $101.00M · Refined Silver and Gold $2.93B | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K | |
fin.gross_margin | Gross margin (trailing twelve months) | 44.6% | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.q_table.depth.2026-06-30.revenue_k | Revenue — period end 2026-06-30 | $1.10B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.sga_k | SG&A — period end 2026-06-30 | $17.54M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-06-30.operating_result_k | FMP standardized operating result — period end 2026-06-30 | $406.41M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.revenue_k | Revenue — period end 2026-03-31 | $1.15B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.sga_k | SG&A — period end 2026-03-31 | $39.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2026-03-31.operating_result_k | FMP standardized operating result — period end 2026-03-31 | $560.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.revenue_k | Revenue — period end 2025-12-31 | $1.20B | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.sga_k | SG&A — period end 2025-12-31 | $39.09M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-12-31.operating_result_k | FMP standardized operating result — period end 2025-12-31 | $469.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.revenue_k | Revenue — period end 2025-09-30 | $854.60M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.sga_k | SG&A — period end 2025-09-30 | $31.40M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
fin.q_table.depth.2025-09-30.operating_result_k | FMP standardized operating result — period end 2025-09-30 | $249.70M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements — Quarterly statement note |
earn.history.depth.2026-08-12.revenue_actual | Revenue · reported — report date 2026-08-12 | $1.10B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-12.revenue_estimated | Revenue · estimate — report date 2026-08-12 | $1.13B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-12.eps_actual | EPS · reported — report date 2026-08-12 | $0.7300 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-08-12.eps_estimated | EPS · estimate — report date 2026-08-12 | $0.8400 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_actual | Revenue · reported — report date 2026-05-05 | $1.13B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.revenue_estimated | Revenue · estimate — report date 2026-05-05 | $1.20B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_actual | EPS · reported — report date 2026-05-05 | $1.0900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-05-05.eps_estimated | EPS · estimate — report date 2026-05-05 | $1.0600 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-18.revenue_actual | Revenue · reported — report date 2026-02-18 | $1.17B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-18.revenue_estimated | Revenue · estimate — report date 2026-02-18 | $1.11B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-18.eps_actual | EPS · reported — report date 2026-02-18 | $1.1100 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2026-02-18.eps_estimated | EPS · estimate — report date 2026-02-18 | $0.9000 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-12.revenue_actual | Revenue · reported — report date 2025-11-12 | $854.60M | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-12.revenue_estimated | Revenue · estimate — report date 2025-11-12 | $1.16B | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-12.eps_actual | EPS · reported — report date 2025-11-12 | $0.4800 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
earn.history.depth.2025-11-12.eps_estimated | EPS · estimate — report date 2025-11-12 | $0.4900 | Report date · | FMP | Financial Modeling Prep (FMP) earnings — Earnings-history note |
fin.q_table | Quarterly income statement | 4 quarters through Q2 FY2026 | FMP | Financial Modeling Prep (FMP) · income statement (quarterly), as filed | |
fin.cash_investments | Cash and short-term investments | $1.70B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. | |
fin.opcf_latest | Latest-quarter operating cash flow | $499.86M | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Period end: 2026-06-30. Negative operating cash flow means cash used. This figure is not a cash-runway estimate. | |
fin.long_term_investments | Long-term investments (classification unverified) | $1.93B | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.total_debt | Total debt | $839.99M | FMP | Financial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | |
fin.price_to_book | Price to book value | 2.60× | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero. | |
fin.opcf.depth.2026-06-30.operating_cash_flow_m | Operating cash flow — period end 2026-06-30 | $499.86M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.operating_cash_flow_m | Operating cash flow — period end 2026-03-31 | $505.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-06-30.capex_m | Capital expenditure (reported) — period end 2026-06-30 | −$96.50M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2026-03-31.capex_m | Capital expenditure (reported) — period end 2026-03-31 | −$105.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.operating_cash_flow_m | Operating cash flow — period end 2025-12-31 | $610.05M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-12-31.capex_m | Capital expenditure (reported) — period end 2025-12-31 | −$96.00M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.operating_cash_flow_m | Operating cash flow — period end 2025-09-30 | $308.70M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
fin.opcf.depth.2025-09-30.capex_m | Capital expenditure (reported) — period end 2025-09-30 | −$91.10M | Period end · | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements — Cash-flow note |
earn.pt_range | Analyst price target, low to high | $53.00 – $72.00 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_consensus | Consensus analyst price target | $62.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
earn.pt_median | Median analyst price target | $62.50 | FMP | Financial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied | |
own.institutions.depth.ownership_pct | Institutional ownership | 51.6% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.ownership_pct_previous_quarter | Previous quarter · ownership | 51.6% | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.institutions.depth.holders | Reporting holders | 647 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Period end Jun 30, 2026 | |
own.institutions.depth.holders_previous_quarter | Previous quarter · holders | 672 | FMP | Financial Modeling Prep (FMP) institutional ownership summary, from 13F filings — 13F filings are quarterly and lag the quarter end by up to 45 days. Prior to period end Jun 30, 2026 | |
own.top_holders.depth.holder_0.shares | Van Eck Associates Corp — shares in provider snapshot | 19,066,671 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_1.shares | Mirae Asset Global Etfs Holdings Ltd. — shares in provider snapshot | 15,588,063 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_2.shares | Vanguard Capital Management LLC — shares in provider snapshot | 11,523,430 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_3.shares | Blackrock, INC. — shares in provider snapshot | 8,393,564 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. | |
own.top_holders.depth.holder_4.shares | Capital International Investors — shares in provider snapshot | 6,236,775 | FMP | Financial Modeling Prep (FMP) institutional holders, from 13F filings — Provider snapshot as of 2026-06-30; individual filing date not supplied. |
UNRECORDED — 4 facts from stored observations whose source was not recorded
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
earn.history | Reported versus estimated, recent quarters | EPS beat 5 of 8 | UNRECORDED | Stored earnings-history observation — Captured 2026-10-04 | |
fin.scores | Distress and quality screens | Altman Z 5.36 · Piotroski F 6 | UNRECORDED | Stored financial-scores observation — Captured 2026-10-04 | |
px.range52 | 52-week range | $33.08 – $69.99 | UNRECORDED | Stored company-profile observation — Captured 2026-10-04 | |
id.ceo | Chief executive | Michael Steinmann | UNRECORDED | Stored company-profile observation — Captured 2026-10-04 |
COMPUTED — 5 facts from our arithmetic, formula restated
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
fin.mcap_to_cash | Market value per dollar of cash and short-term investments | 11.27× | — | COMPUTED | Computed on this page from the figures above — The market capitalisation printed on this page divided by cash and short-term investments of $1.70B at Jun 30, 2026. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. Market cap record date: 2026-10-02. Balance-sheet reference date: 2026-06-30. The inputs do not establish a single common source date for this ratio. |
div.ttm_per_share | Dividends per share, last 12 months (split-adjusted) | $0.68 | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history — Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-10-04, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate. | |
div.ttm_yield | Dividend yield, last 12 months | 1.50% | COMPUTED | Financial Modeling Prep (FMP) split-adjusted dividend history and quote — Split-adjusted dividends with ex-dates in the trailing 365-day window divided by the packet price, on the same current-share basis. Price date follows the quote, latest price bar or packet-build day when unstamped. Not a forecast or declared annual rate. | |
earn.history.depth.2026-08-12.revenue_actual.comparison | Latest report · revenue vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.10B) with the recorded estimate ($1.13B) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
earn.history.depth.2026-08-12.eps_actual.comparison | Latest report · EPS vs estimate | Below estimate | Report date · | COMPUTED | Computed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($0.7300) with the recorded estimate ($0.8400) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns. |
OURS — 2 facts from Stock Expert AI's own score and rank
| Fact ID | Fact | Value as shown | As of | Tier | Source |
|---|---|---|---|---|---|
ours.moonshot | MoonshotScore v2 | 93 of 100 · Exceptional · pillars 93 / 74 / 75 / 98 / 50 | OURS | Stock Expert AI MoonshotScore v2 engine | |
ours.moonshot_change | MoonshotScore movement | 93 (stored snapshot Oct 3, 2026) → 93 (current publication computed Oct 4, 2026) (0) | OURS | Stock Expert AI current score publication and immutable score snapshots |
Fact-family notes
- Quarterly statement note. Source series as of 2026-06-30. USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow. Applies to Fact IDs:
fin.q_table.depth.2026-06-30.revenue_k,fin.q_table.depth.2026-06-30.sga_k,fin.q_table.depth.2026-06-30.operating_result_k,fin.q_table.depth.2026-03-31.revenue_k,fin.q_table.depth.2026-03-31.sga_k,fin.q_table.depth.2026-03-31.operating_result_k,fin.q_table.depth.2025-12-31.revenue_k,fin.q_table.depth.2025-12-31.sga_k,fin.q_table.depth.2025-12-31.operating_result_k,fin.q_table.depth.2025-09-30.revenue_k,fin.q_table.depth.2025-09-30.sga_k,fin.q_table.depth.2025-09-30.operating_result_k. - Earnings-history note. Source series as of 2026-08-12. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs:
earn.history.depth.2026-08-12.revenue_actual,earn.history.depth.2026-08-12.revenue_estimated,earn.history.depth.2026-08-12.revenue_actual.comparison,earn.history.depth.2026-08-12.eps_actual.comparison,earn.history.depth.2026-08-12.eps_actual,earn.history.depth.2026-08-12.eps_estimated,earn.history.depth.2026-05-05.revenue_actual,earn.history.depth.2026-05-05.revenue_estimated,earn.history.depth.2026-05-05.eps_actual,earn.history.depth.2026-05-05.eps_estimated,earn.history.depth.2026-02-18.revenue_actual,earn.history.depth.2026-02-18.revenue_estimated,earn.history.depth.2026-02-18.eps_actual,earn.history.depth.2026-02-18.eps_estimated,earn.history.depth.2025-11-12.revenue_actual,earn.history.depth.2025-11-12.revenue_estimated,earn.history.depth.2025-11-12.eps_actual,earn.history.depth.2025-11-12.eps_estimated. - Cash-flow note. Source series as of 2026-06-30. USD. Negative operating cash flow means cash used. Capital expenditure keeps the provider’s reported sign; it is not added here to estimate free cash flow or runway. Applies to Fact IDs:
fin.opcf.depth.2026-06-30.operating_cash_flow_m,fin.opcf.depth.2026-03-31.operating_cash_flow_m,fin.opcf.depth.2026-06-30.capex_m,fin.opcf.depth.2026-03-31.capex_m,fin.opcf.depth.2025-12-31.operating_cash_flow_m,fin.opcf.depth.2025-12-31.capex_m,fin.opcf.depth.2025-09-30.operating_cash_flow_m,fin.opcf.depth.2025-09-30.capex_m.
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Sources used for research written 2026-09-12
Historical evidence preserved with this analysis. Current figures are listed separately above.
| Evidence | Captured value | Source date | Source type | Source |
|---|---|---|---|---|
| Business description | 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. Its extensive operations are situated across several countries, specifically Canada, Mexico, Peru, Argentina, and Bolivia, where it manages key mining properties such as La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad. Founded in 1979 as Pan American Minerals Corp., the firm officially changed its name to Pan American Silver Corp. in April 1995 and is headquartered in Vancouver, Canada. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Sector / industry (provider taxonomy) | Basic Materials / Gold The company's SEC filings classify it under SIC 1040 — Gold and Silver Ores. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) company profile |
| Revenue by segment | Lead Concentrate: $379.00M; Zinc Concentrate: $153.00M; Copper Concentrate: $56.00M; Silver Concentrate: $101.00M; Refined Silver and Gold: $2.93B | 2025-12-31 | FMP | Financial Modeling Prep (FMP) revenue segmentation, from the company's 10-K |
| Quarterly income statement (USD thousands) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements |
| Management outlook — dated call excerpts | Captured record · 4 entries
Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording. | 2026-08-13 | OFFICIAL | Company earnings call, transcript via Financial Modeling Prep (FMP) |
| Annual revenue and net result (USD millions) | Captured record · 5 entries
| 2025-12-31 | FMP | Financial Modeling Prep (FMP), from the company's 10-K income statements |
| Operating cash flow by quarter (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's 10-Q cash-flow statements |
| Reported versus estimated, last 8 quarters | Captured record · 8 entries
| 2026-08-12 | FMP | Financial Modeling Prep (FMP) earnings |
| Cash, investments and debt | Total debt: $839.99M; Liquidity basis: cash and short-term investments; Total liabilities: $2.79B; Cash and short-term investments: $1.70B; Cash and investments: $3.63B; Long-term investments: $1.93B; Long-term investments classification: unclassified Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. | 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's balance sheet |
| Cash and investment components | Total basis: cash short and long-term investments; Total: $3.63B; Cash and short-term investments: $1.70B; Long-term investments: $1.93B; Long-term investments classification: unclassified Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures. | 2026-06-30 | COMPUTED | Computed from the balance sheet |
| Cash and short-term investments over time (USD millions) | Captured record · 8 entries
| 2026-06-30 | FMP | Financial Modeling Prep (FMP), from the company's quarterly balance sheets |
| Cash against market value | As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: $863.00M; Total debt: $840.00M; Cash and investments: $1.70B Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them. | 2026-06-30 | COMPUTED | Computed from the balance sheet and the latest market capitalization |
| Trailing twelve-month ratio set | Quick ratio: 2.23; Current ratio: 2.94; Debt to equity: 0.11; Net margin: 32.1%; Gross margin: 44.6%; Operating margin: 39.2%; Return on assets: 13.6%; Return on equity: 19.5% Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm |
| Distress and quality screens | Altman Z-score: 5.8; Piotroski F-score: 6 Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) financial scores |
| Next earnings report | Date: 2026-11-11; EPS estimate: $0.92 per share; Revenue estimate: $1.07B The date is our provider's estimate until the company confirms it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) earnings calendar |
| Analyst revenue and earnings estimates (average) | Captured record · 4 entries
| 2026-09-12 | FMP | Financial Modeling Prep (FMP) analyst estimates |
| Named officers | CEO: Michael Steinmann; Officers: Scott Campbell — Title: Chief Operating Officer, Pay: $1.09M; Siren Fisekci — Title: Vice President of Investor Relations & Corporate Communications; Ignacio Couturier — Title: Chief Financial Officer, Pay: $1.02M; Michael Steinmann — Title: President, Chief Executive Officer & Director, Pay: $3.19M, Born: 1966; Ibtissam Drier — Title: Senior Vice President of Business Development & Human Resources, Born: 1979; Al Mainville — Title: Country Manager of Canada; Christopher Lemon — Title: Chief Legal Officer & General Counsel, Pay: $1.10M; Delaney Fisher — Title: Senior Vice President, Associate General Counsel & Corporate Secretary Titles and pay come from the company's proxy statement as our provider parsed it. | 2026-09-12 | FMP | Financial Modeling Prep (FMP) key executives (proxy-derived) |
| Recent dividends paid | Captured record · 4 entries
Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here. | 2026-08-24 | FMP | Financial Modeling Prep (FMP) dividend history |
Data provided for informational purposes only.