Pan American Silver Corp. (PAAS.TO)
Basic Materials · TOR · Canada
Fundamentals
Valuation and ratings
Pan American Silver Corp. trades at CAD61.42, which is 110% below the CAD128.79 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 83 out of 100, which is a wide moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 13.0 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
PAAS.TO dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | CAD0.493 | 2 |
| 2025 | CAD0.647 | 4 |
| 2024 | CAD0.550 | 4 |
| 2023 | CAD0.543 | 4 |
| 2022 | CAD0.581 | 4 |
| 2021 | CAD0.426 | 4 |
| 2020 | CAD0.295 | 4 |
| 2019 | CAD0.186 | 4 |
| 2018 | CAD0.182 | 4 |
| 2017 | CAD0.131 | 4 |
| 2016 | CAD0.066 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
PAAS.TO earnings and analyst estimates
Recommendation mix, 9 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
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. 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.
PAAS.TO passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Common questions
Is Pan American Silver Corp. (PAAS.TO) undervalued?
Against our discounted cash flow estimate of CAD128.79, PAAS.TO at CAD61.42 is 110% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
What is PAAS.TO's P/E ratio?
PAAS.TO trades at 13.0 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Pan American Silver Corp. (PAAS.TO) pay a dividend?
Yes. Pan American Silver Corp. yields 1.46% at the current share price. It has paid CAD0.856 per share over the trailing twelve months. It has paid a dividend in each of the last 16 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does PAAS.TO report earnings next?
Pan American Silver Corp. is scheduled to report on 12 Aug 2026. Companies move earnings dates, so read it as scheduled rather than certain.
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Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.