Pan American Silver Corp. logo PAAS - Pan American Silver Corp.

Price: -- -- | CONSENSUS: Buy DETAILS
STRONG
BUY
0
BUY 13
HOLD 10
SELL 2
STRONG
SELL
0
| PRICE TARGET: $74.40 DETAILS
HIGH: $94.00
LOW: $54.00
MEDIAN: $72.00
CONSENSUS: $74.40
UPSIDE: 37.93%
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Revenue
Revenue 3,682.4 2,818.9 2,316.1 1,494.7 1,632.8 1,338.8 1,350.8 784.5 816.8 774.8 674.7 751.9 824.5 928.6 855.3 646.6 454.8 338.6 301.1 255.4 122.4 94.8 45.1 45.1 37.3 29.9 26.8 30.2 27.8 27.7 6.2
Cost of Revenue 2,295.5 2,270.4 2,019.3 1,446.3 1,264.8 1,080.7 1,145.1 683.6 648.1 575.9 706.8 743.9 693.0 624.6 446.1 405.4 338.7 250.9 171.2 132.6 91.3 73 42.3 44.4 41.5 28.4 28.9 31.7 28.1 28.2 0
Gross Profit 1,386.9 548.5 296.8 48.4 367.9 258.1 205.6 100.9 168.8 198.9 (32.1) 8.1 131.5 303.9 409.1 241.1 126.0 87.7 129.9 122.8 31.1 21.8 2.8 0.7 (4.2) 1.6 (2.1) (1.6) (0.3) (0.4) 0
Operating Expenses
R&D Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
SG&A Expenses 118.0 69.8 61.4 29 34.9 36.4 31.8 22.6 21.4 23.7 18.0 17.9 17.6 20.8 18.3 17.1 15.8 13.1 12.4 9.2 6.9 6.2 5.6 2.6 2.1 2.6 2.2 2.6 1.6 1.1 0
Other Expenses 80.4 (52) 197.3 281.7 12.2 11.7 46.8 35.6 (41.0) (9.3) 179.9 622.9 552.5 131.9 18.3 22.7 4.4 15.1 29.0 17.5 42.8 13.3 3.3 32.1 4.3 45.3 2.3 3.2 2.0 1.8 6.2
Operating Expenses 198.4 17.8 258.7 310.7 47.0 48.1 78.5 58.2 (19.6) 14.4 198.0 640.8 570.1 152.7 36.5 39.8 20.1 28.2 41.4 26.7 49.7 19.6 8.9 34.6 6.5 47.9 4.5 5.8 3.6 2.8 6.2
Operating Income
Operating Income 1,188.4 530.7 38.1 (262.3) 320.9 210.0 127.1 42.7 188.3 184.5 (230.0) (632.8) (438.6) 151.3 372.6 201.4 95.9 59.5 88.5 96.1 (18.6) 2.3 (6.1) (33.9) (10.6) (46.3) (6.6) (7.4) (3.8) (3.3) 6.2
Interest Expense 59.0 50.8 58.2 7.3 8.7 12.5 19.8 2.2 2.5 5.1 4.8 5.2 7.0 4.7 6.2 5.7 4.3 1.0 0.7 0.6 0.5 1.0 0 0 0 0 0 0 0 0 0
Interest Income 90.6 0 16.3 5.2 0 66.4 86.7 1.8 1.2 0 0 2.7 3.0 6.2 0 0 0 0 5.8 5.9 2.7 2.5 0 0 0 0 0 0 0 0 0
Profitability
EBITDA 1,720.6 1,051 476.8 20.3 551.6 533.7 452.8 204.2 239.0 294.3 (81.3) (484.5) (286.5) 279.9 560.2 194.7 177.2 97.1 117.5 113.6 24.1 15.6 (2.8) (1.8) (6.3) (1.1) (4.3) (4.1) (1.9) (1.5) 6.2
EBIT 1,188.4 479.3 (7.4) (295.7) 248.7 261.2 199.4 56.9 116.1 178.4 (232.1) (632.2) (422.4) 175.5 477.5 111.7 94.0 50.7 88.5 96.1 11.0 4.7 (6.1) (6.7) (10.6) (3.6) (6.6) (6.1) (3.8) (2.8) 6.2
Income Before Tax 1,259.7 431.7 (58.8) (301) 245.0 252.0 182.5 33.2 182.5 176.3 (235.8) (637.3) (429.1) 173.9 471.3 105.9 89.8 49.8 111.6 87.5 (24.5) 18.1 (6.8) 0 0 0 0 0 0 0 0
Income Tax Expense 262.5 319 46.1 39.1 146.4 75.6 71.3 21.1 59.0 74.4 (4.2) (92.5) 16.8 95.6 117.1 90.2 27.8 24.4 19.6 25.5 3.3 2.8 0 0 0 0 0 0 0 0 0
Net Income 995.1 111.5 (103.7) (340.1) 97.4 177.9 110.7 10.3 121.0 100.1 (226.7) (545.6) (445.9) 87.4 352.5 112.6 62.0 24.6 88.9 58.2 (28.6) 19.9 (6.8) (33.7) (8.1) (45.9) (5.8) (6.0) (0.9) (1.9) (0.9)
Per Share Data
EPS (Basic) 2.61 0.31 -0.32 -1.62 0.46 0.85 0.55 0.07 0.79 0.66 -1.49 -3.60 -2.94 0.62 3.31 1.05 0.71 0.31 1.16 0.79 -0.43 0.06 -0.13 -0.81 -0.22 -1.35 -0.20 -0.24 -0.04 -0.09 -0.07
EPS (Diluted) 2.61 0.31 -0.32 -1.62 0.46 0.85 0.55 0.07 0.79 0.66 -1.49 -3.60 -2.91 0.55 3.29 1.05 0.71 0.30 1.12 0.76 -0.43 0.06 -0.13 -0.81 -0.22 -1.35 -0.20 -0.24 -0.04 -0.09 -0.07
Shares Outstanding 381.5 363.4 326.5 210.5 210.3 210.1 201.4 153.3 153.1 152.1 151.7 151.5 151.5 140.9 106.4 107.0 87.6 80.2 76.5 73.6 67.0 63.2 51.1 41.6 36.2 34.0 29.2 24.6 21.7 21.7 12.9
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2009 2008 2004 2003 2002 2001 2000 1999 1998 1997 1996
Current Assets
Cash & Cash Equivalents 1,212.8 862.8 399.6 107 283.6 167.1 120.6 138.5 176.0 180.9 100.5 26.8 28.3 14.2 10.2 3.3 7.5 15.9 10.1 31.8 42.8
Short-Term Investments 103.8 24.5 41.3 35.3 51.7 111.9 117.8 74.0 51.6 36.7 92.6 3.4 69.8 74.9 0.0 0.5 0.0 0 0.1 0.1 0
Net Receivables 255.5 195.8 200.9 176.6 148.4 149.8 186.0 109.2 126.7 118.8 78.2 51.1 25.8 7.5 4.6 6.0 3.6 4.7 4.6 5.6 3.9
Inventory 586.9 605.7 711.6 471.6 500.5 406.2 346.5 214.5 218.7 237.3 93.4 72.7 10.7 6.6 4.6 4.7 4.4 4.6 4.9 5.9 5.2
Other Current Assets 4.0 0 6.9 2.9 4.0 7.8 1.3 0.6 9.0 10.3 5.2 16.4 0.5 0 0 0 3.5 1.6 1.7 1.8 1.2
Total Current Assets 2,192.0 1,720.4 1,390 804.4 1,001.2 856.9 788.9 548.4 595.5 612.9 372.5 174.4 136.3 104.6 22.6 21.1 19.1 26.8 21.4 45.2 53.1
Non-Current Assets
Property, Plant & Equipment 5,328.3 5,325.1 5,675.1 2,226.4 2,344.6 2,415.0 2,504.9 1,301.0 1,336.7 1,222.7 1,457.7 697.1 230.5 167.4 59.4 68.4 63.7 80.1 48.1 26.9 14.4
Goodwill 0 0 0 2.8 2.8 2.8 5.0 3.1 3.1 3.1 0 0 0 0 0 0 0 0 0 0 0
Intangible Assets 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Long-Term Investments 1,966.4 0 0 121.2 78.7 71.6 84.3 70.6 55.0 49.7 0 0.8 0 0 0 0 0 0 0 0 0
Other Non-Current Assets 154.7 112.8 67.6 37.8 35.5 29.8 42.1 2.2 0.4 8.0 18.4 1.1 3.3 7.9 12.9 2.0 0.3 0.9 1.2 0.1 0.1
Total Non-Current Assets 7,532.3 5,482.4 5,823.1 2,444.1 2,517.4 2,577.0 2,672.8 1,389.1 1,397.9 1,285.3 1,476.2 699.0 233.8 175.3 72.3 70.4 64.0 81.0 49.3 27 14.6
Total Assets 9,724.3 7,202.7 7,213.1 3,248.5 3,518.6 3,433.9 3,461.7 1,937.5 1,993.3 1,898.1 1,848.6 873.4 370.1 279.9 95.0 91.5 83.1 107.8 70.7 72.2 67.7
Current Liabilities
Account Payables 314.4 194.4 198.2 88.8 77.5 80.3 66.9 52.2 47.1 45.3 96.2 58.3 20.3 8.8 15.2 12.3 9.5 10.0 5.6 4.8 5.4
Short-Term Debt 57.9 6.8 6.7 13.7 0 0 0 0 3 0 0 0 0 0 0 1.4 7.3 0 0 0 0
Deferred Revenue 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0.1 0.6 0 0 0 0 0
Other Current Liabilities 122.8 48.1 41.7 19.7 11.8 12.4 8.4 6.9 11.2 12.0 0 3.2 5.3 9.5 3.1 4.6 0 0.1 0.5 5.1 0.4
Total Current Liabilities 815.5 687 624.2 380.8 387.7 361.8 271.7 150.5 184.7 184.3 100.2 79.3 26.3 22.6 20.2 21.1 17.3 10.1 6.1 9.9 5.8
Non-Current Liabilities
Long-Term Debt 792.6 702 697 180 11.9 0 275 0 0 36.2 20.8 0 0 10.8 3.9 5.0 5.0 0 2.1 0 0
Deferred Tax Liabilities 434.2 521.7 541.6 140.3 184.8 175.3 176.8 148.8 171.2 170.9 305.8 45.4 33.2 19.0 0 0 0 0 0 0 0
Other Non-Current Liabilities 595.9 508.2 512.5 312.4 265.8 257.0 230.8 110.2 102.5 92.7 62.8 57.3 33.7 43.3 15.3 6.5 3.2 2.8 0.8 1.6 1.3
Total Non-Current Liabilities 1,920.5 1,799.1 1,816.4 666.1 494.9 466.3 722.2 273.6 287.6 314.9 389.4 102.7 66.9 73.1 19.2 11.5 8.2 2.8 2.9 1.6 1.3
Total Liabilities 2,736.0 2,486.1 2,440.6 1,046.9 882.6 828.0 993.8 424.1 472.3 499.1 489.6 182.0 93.2 95.8 39.5 32.6 25.5 12.9 9.0 11.5 7.2
Stockholders' Equity
Common Stock 7,434.4 5,939.7 5,966.5 3,140 3,136.2 3,132.1 3,123.5 2,321.5 2,318.3 2,304.0 0 0 0 0 0 0 0 0 0 0 0
Retained Earnings (512.1) (1,299.5) (1,269.5) (1,034.8) (598.0) (623.0) (754.7) (836.1) (825.5) (931.1) 88.2 26.2 (116.7) (120.5) (106.6) (73.0) (64.9) (19.0) (13.2) (7.2) (6.3)
Accumulated Other Comprehensive Income 61.9 (30.9) (30.3) (3) 0 0 0 0.2 1.6 0.4 1.6 (0.2) 0.6 79.5 0 0 1.1 0.1 0.2 0.2 0.1
Total Stockholders' Equity 6,984.3 4,703.5 4,760.7 2,195.5 2,631.6 2,602.5 2,463.1 1,508.2 1,516.8 1,396.3 1,343.8 685.6 275.5 184.1 55.5 58.9 57.5 94.9 61.7 60.6 60.6
Total Liabilities & Equity 9,724.3 7,202.7 7,213.1 3,248.5 3,518.6 3,433.9 3,461.7 1,937.5 1,993.3 1,898.1 1,848.6 873.4 370.1 279.9 95.0 91.5 83.1 107.8 70.7 72.2 67.7
Debt Metrics
Total Debt 935.3 803.3 801.6 226.8 42.5 33.6 316.2 6.7 10.6 43.3 20.8 1.9 0.6 13.4 5.7 8.6 12.8 0 2.1 0 0
Net Debt (277.5) (59.5) 402 119.8 (241.1) (133.5) 195.6 (131.8) (165.4) (137.6) (79.7) (24.9) (27.7) (0.7) (4.5) 5.3 5.3 (15.9) (7.9) (31.8) (42.8)
Metric 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996
Operating Activities
Net Income 995.1 112.7 (104.9) (340.1) 98.6 176.5 111.2 12.0 123.5 101.8 (28.6) 15.2 (6.8) (33.7) (8.1) (45.9) (5.8) (6.0) (0.9) (1.9)
Depreciation & Amortization 532.2 571.7 484.2 316 303.0 272.4 253.5 147.3 122.9 116.0 13.1 10.9 3.3 0 0 2.5 2.3 2.0 2.0 1.2
Stock-Based Compensation 0 0.4 5.5 3.9 5.1 3.0 4.4 3.0 3.1 3.8 0 0 0 0 0 0 0 0 0 0
Change in Working Capital (29.5) (127.8) 53.2 (42) (71.1) 97.0 (27.9) (4.3) 11.7 (5.5) (3.4) (9.8) (4.4) 0 0 0 0 0 0 (1.7)
Other Non-Cash Items 24.4 (151.9) (33.9) 54.9 (89.9) (162.1) (130.4) (24.2) (95.6) (75.7) 30.4 (13.2) 3.4 32.9 6.0 44.0 0.2 (0.6) 0.8 0.6
Operating Cash Flow 1,401.1 724.1 450.2 31.8 392.1 462.3 282.0 155.0 224.6 214.8 10.8 3.1 (4.5) (0.7) (2.1) 0.6 (3.3) (4.6) 1.9 (1.8)
Investing Activities
Capital Expenditure (319.5) (323.3) (379) (274.7) (243.5) (178.6) (207.4) (151.8) (162.5) (202.7) (59.6) (17.0) (18.3) (9.8) (6.7) (18.9) (30.0) (21.5) (14.1) (6.2)
Acquisitions (401.9) 290.4 614.5 0 0 0 (247.5) 0 (2.5) 0 0 (36.2) 2.4 0 0 0 0 0 0 0
Purchases of Investments (53.9) (5.5) 0 0 0 (18.2) 0 (25.6) (14.6) (5.0) 0 0 (74.9) (1.2) 0 (0.0) 0 0 (0.1) 0
Sales/Maturities of Investments 0 2 158.6 10.6 11.0 90.4 42.4 2.4 0 56.9 44.1 5.1 0 0 0.3 0 0 7.2 0.3 0
Other Investing Activities 12.2 3.8 3.8 8.7 45.8 22.5 10.3 15.8 1.7 10.9 0.1 23.7 0.3 0 (0.1) (0.1) 0.1 (0.1) 0.1 (2.6)
Investing Cash Flow (763.1) (32.6) 397.9 (255.4) (186.7) (83.9) (402.2) (159.2) (177.8) (139.9) (15.5) (24.4) (90.5) (10.9) (6.5) (19.0) (29.9) (14.4) (13.8) (8.8)
Financing Activities
Net Debt Issuance (7.1) (57) (432.5) 147.1 (14.1) (288.1) 133.8 (10.9) (37.7) (22.6) (0.7) (26.9) 94.0 (3.3) (5.0) 10.0 (2.6) 0 0 0
Stock Repurchased (46.8) (23.1) 0 0 0 0 0 0 0 0 0 0 0 0 (0.3) 0 0 0 0 0
Dividends Paid (178.1) (145.4) (130.4) (94.7) (71.5) (46.2) (29.3) (21.3) (15.3) (7.6) 0 0 0 0 0 0 0 0 0 0
Other Financing Activities (53.9) 0.1 11.1 (0.3) (0.9) 0 (4.0) (2.0) (1.1) (0.4) 0 (0.2) (3.3) (1.0) 0 0 0.0 0 0 0
Financing Cash Flow (282.9) (225.2) (551.8) 53 (85.9) (329.6) 103.3 (33.1) (51.5) (28.2) 5.7 35.4 99.1 18.5 4.4 10.0 39.0 4.3 1.0 27.6
Cash Position
Net Change in Cash 350.5 463.2 292.6 (176.6) 116.4 46.5 (17.9) (37.4) (4.9) 46.9 0.9 14.2 4.0 6.9 (4.2) (8.3) 5.8 (14.8) (11.0) 17.0
Cash at Beginning 862.3 399.6 107 283.6 167.1 120.6 138.5 176.0 180.9 134.0 28.3 14.2 10.2 3.3 7.5 15.8 10.1 24.9 42.8 25.8
Cash at End 1,212.8 862.8 399.6 107 283.6 167.1 120.6 138.5 176.0 180.9 29.3 28.3 14.2 10.2 3.3 7.5 15.9 10.1 31.8 42.8
Free Cash Flow 1,081.6 400.8 71.2 (242.9) 148.6 283.8 74.7 3.1 62.1 12.1 (48.9) (13.9) (22.8) (10.5) (8.8) (18.3) (33.3) (26.1) (12.2) (8.0)
Key Metrics 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 2002 2001 2000 1999 1998 1997 1996 1995
Income Statement
Revenue 3,682.4 2,818.9 2,316.1 1,494.7 1,632.8 1,338.8 1,350.8 784.5 816.8 774.8 674.7 751.9 824.5 928.6 855.3 646.6 454.8 338.6 301.1 255.4 122.4 94.8 45.1 45.1 37.3 29.9 26.8 30.2 27.8 27.7 6.2
Gross Profit 1,386.9 548.5 296.8 48.4 367.9 258.1 205.6 100.9 168.8 198.9 (32.1) 8.1 131.5 303.9 409.1 241.1 126.0 87.7 129.9 122.8 31.1 21.8 2.8 0.7 (4.2) 1.6 (2.1) (1.6) (0.3) (0.4) 0
Operating Income 1,188.4 530.7 38.1 (262.3) 320.9 210.0 127.1 42.7 188.3 184.5 (230.0) (632.8) (438.6) 151.3 372.6 201.4 95.9 59.5 88.5 96.1 (18.6) 2.3 (6.1) (33.9) (10.6) (46.3) (6.6) (7.4) (3.8) (3.3) 6.2
Net Income 995.1 111.5 (103.7) (340.1) 97.4 177.9 110.7 10.3 121.0 100.1 (226.7) (545.6) (445.9) 87.4 352.5 112.6 62.0 24.6 88.9 58.2 (28.6) 19.9 (6.8) (33.7) (8.1) (45.9) (5.8) (6.0) (0.9) (1.9) (0.9)
EPS (Diluted) 2.61 0.31 -0.32 -1.62 0.46 0.85 0.55 0.07 0.79 0.66 -1.49 -3.60 -2.91 0.55 3.29 1.05 0.71 0.30 1.12 0.76 -0.43 0.06 -0.13 -0.81 -0.22 -1.35 -0.20 -0.24 -0.04 -0.09 -0.07
Balance Sheet
Cash & Equivalents 1,212.8 862.8 399.6 107 283.6 167.1 120.6 138.5 176.0 180.9 100.5 26.8 28.3 14.2 10.2 3.3 7.5 15.9 10.1 31.8 42.8
Total Assets 9,724.3 7,202.7 7,213.1 3,248.5 3,518.6 3,433.9 3,461.7 1,937.5 1,993.3 1,898.1 1,848.6 873.4 370.1 279.9 95.0 91.5 83.1 107.8 70.7 72.2 67.7
Total Debt 935.3 803.3 801.6 226.8 42.5 33.6 316.2 6.7 10.6 43.3 20.8 1.9 0.6 13.4 5.7 8.6 12.8 0 2.1 0 0
Stockholders' Equity 6,984.3 4,703.5 4,760.7 2,195.5 2,631.6 2,602.5 2,463.1 1,508.2 1,516.8 1,396.3 1,343.8 685.6 275.5 184.1 55.5 58.9 57.5 94.9 61.7 60.6 60.6
Cash Flow
Operating Cash Flow 1,401.1 724.1 450.2 31.8 392.1 462.3 282.0 155.0 224.6 214.8 10.8 3.1 (4.5) (0.7) (2.1) 0.6 (3.3) (4.6) 1.9 (1.8)
Capital Expenditure (319.5) (323.3) (379) (274.7) (243.5) (178.6) (207.4) (151.8) (162.5) (202.7) (59.6) (17.0) (18.3) (9.8) (6.7) (18.9) (30.0) (21.5) (14.1) (6.2)
Free Cash Flow 1,081.6 400.8 71.2 (242.9) 148.6 283.8 74.7 3.1 62.1 12.1 (48.9) (13.9) (22.8) (10.5) (8.8) (18.3) (33.3) (26.1) (12.2) (8.0)