Pan American Silver Corp. (PAAS.TO) stock analysis

In our weekly check, Pan American Silver Corp. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 19 pass, warnings: 2, red flags: 3.

About Pan American Silver Corp.

Pan American Silver Corp. is a Basic Materials company (Gold) based in Canada, listed on TSX as PAAS.TO.

What our checks show for PAAS.TO

Red flags

• The price swings a lot: 57% annual volatility. Expect large ups and downs.
• The stock has fallen as much as 82% from a peak. Would you have held through that?
• Recovering from its deepest fall took about 4.8 years.

Warning signs

• Beta 1.59: the stock usually moves more than the market, both up and down.
• The share count grew by 16.8% in 2 years: each shareholder owns a smaller slice.

Strengths

• Debt is low: 0.11x equity.
• Operating profit covers interest 32.7 times over.
• The net margin rose by 26.1 points over 5 years, to 32.1%.
• The gross margin is 47.5% and has risen by 24.9 points: pricing power is holding.
• Operating cash flow is 1.26x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 18.9% a year over the next years.

Next earnings report: 2026-11-04

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Questions

What grade does Pan American Silver Corp. (PAAS.TO) have?

In our weekly check, Pan American Silver Corp. is graded B (A to F). Of 24 checks on debt, profit, cash flow and trend: 19 pass, warnings: 2, red flags: 3. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of PAAS.TO stock?

This week's biggest flags for Pan American Silver Corp.: Very volatile, Deep past fall, Slow recovery after falls. In total 5 of 24 checks show a warning or a red flag.

What does Pan American Silver Corp. do?

Pan American Silver Corp. is a Basic Materials company (Gold) based in Canada, listed on TSX as PAAS.TO.

When does Pan American Silver Corp. report earnings next?

The next earnings report is expected on 2026-11-04. We re-run the checks every week, so the grade can change after it.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-10-24

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