Pan American Silver Corp
Research Pan American Silver Corp (PAAS) on Bullrun: valuation model: 5.9% overvalued, market cap USD 22.61B, P/E 16.3, dividend yield 1.0%. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerPAAS
- ExchangeNYSE
- CountryCanada
- SectorBasic Materials
- IndustryGold
- CurrencyUSD
- Valuation signal5.9% overvalued
- Market capUSD 22.61B
- P/E16.3
- Dividend yield1.0%
- Financial periodQ1 2026
- RevenueUSD 1.15B
- Net incomeUSD 457.00M
- Free cash flowUSD 400.00M
- Gross margin52.7%
Valuation Snapshot
Bullrun's latest valuation model marks Pan American Silver Corp as 5.9% overvalued; latest market cap is USD 22.61B; P/E is 16.3; dividend yield is 1.0%.
Peer valuation comparison
Latest P/E is 16.32x versus a Basic Materials sector median of 17.36x (6.0% below).
Latest dividend yield is 0.99% versus a Basic Materials sector median of 2.19% (54.8% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 3.62B | USD 978.00M | USD 1.02B | 38.8% | 2.5 | USD 1.22B | USD 852.00M | USD 7.00B |
| FY2024 | USD 2.82B | USD 111.50M | USD 400.80M | 19.5% | 0.33 | USD 863.00M | USD 804.00M | USD 4.70B |
| FY2023 | n/a | n/a | n/a | n/a | -0.38 | USD 399.60M | USD 801.60M | USD 4.76B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 22.61B | 16.3 | 1.0% | 0.54 |
| 2025 | 2025-12-31 | USD 21.86B | 20.7 | n/a | n/a |
| 2024 | 2024-12-31 | USD 7.34B | 65.2 | 2.0% | 0.4 |
| 2023 | 2023-12-29 | USD 5.95B | n/a | 2.4% | 0.4 |
| 2022 | 2022-12-30 | USD 3.44B | n/a | 2.8% | 0.45 |
| 2021 | 2021-12-31 | USD 5.26B | 54.3 | 1.4% | 0.34 |
Dividend history
Latest trailing dividend snapshot: annual dividend/share 0.54 USD, yield 1.0%.
| Year | Dividends/share |
|---|---|
| FY2024 | 0.4 USD |
| FY2023 | 0.4 USD |
About Pan American Silver Corp
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The Silver segment includes the La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines. The Gold segment comprises the Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines. It explores silver, gold, zinc, lead, and copper deposits.
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Frequently asked questions
Is Pan American Silver Corp overvalued or undervalued?
Bullrun's valuation model currently marks Pan American Silver Corp as 5.9% overvalued.
What is Pan American Silver Corp's market cap?
Pan American Silver Corp's market capitalization is USD 22.61B.
What is Pan American Silver Corp's P/E ratio?
Pan American Silver Corp's price-to-earnings (P/E) ratio is 16.3.
Does Pan American Silver Corp pay a dividend?
Pan American Silver Corp has a dividend yield of 1.0%.
What does Pan American Silver Corp do?
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Chile, Peru, Brazil, Mexico, Canada, Argentina, Bolivia, and Guatemala. The Silver segment includes the La Colorada, Juanicipio, Cerro Moro, Huaron, and San Vicente mines. The Gold segment comprises the Jacobina, El Peñon, Timmins, Shahuindo, Minera Florida, and Dolores mines. It explores silver, gold, zinc, lead, and copper deposits. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp. in April 1995.