Pan American Silver Corp. (PAAS) Stock Price & Analysis
Pan American Silver Corp. (PAAS) closed at USD 41.07 on Thursday, October 22, 2026, down 5.91% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 43.65; the Oct 22, 2026 session ranged USD 40.91–41.94 on volume of 5,643,207 shares. Market capitalization is $17.03B, with a 52-week range of USD 33.08–69.99 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 09:24 UTC.
Also available as compact Markdown for AI agents: nexqual.com/PAAS.md
Key facts (PAAS)
- 2 of 80 tracked superinvestors hold PAAS (13F, Q2 2026): 0 new, 0 added, 1 reduced, 1 unchanged.
- Analysts: Buy (mean 2.00 on a 1–5 scale) (8 analysts), mean target USD 60.17 (range 51–80).
- Total return with dividends: 1Y +14.5% vs S&P 500 +14.9%; 5Y +73.1% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.67, revenue estimate $1.06B.
Superinvestors (SEC 13F-HR, Q2 2026) (PAAS)
2 of 80 tracked investors hold PAAS. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| First Eagle Investment | First Eagle Investment Management | 0.18% | $108M | Unchanged |
| Lee Ainslie | Maverick Capital | 0.01% | $818K | Reduced -44.5% |
Analysts (PAAS)
Consensus Buy (mean 2.00 on a 1–5 scale), 8 analysts; mean target USD 60.17 (low 51, high 80).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-16 | RBC Capital | Target lowered | Outperform | $65 → $56 |
| 2026-07-09 | B of A Securities | Target lowered | Buy | $77 → $69 |
| 2026-07-06 | Jefferies | Target lowered | Hold | $54 → $53 |
Total return (dividends reinvested) (PAAS)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +14.5% | +73.1% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +14.5% | +11.6% |
| Volatility (annualized) | 57.9% | 49.1% |
| Max drawdown | -39.7% (Feb 2026→Oct 2026) | -55.0% (Apr 2022→Feb 2024) |
PAAS analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $0.67 | $1.04 | -35.3% | $1.06B | 7 |
| Next quarter (ends Dec 2026) | $0.85 | $1.16 | -26.4% | $1.04B | 4 |
| Current fiscal year (ends Dec 2026) | $3.35 | $3.93 | -14.6% | $4.48B | 9 |
| Next fiscal year (ends Dec 2027) | $4.28 | $4.73 | -9.6% | $4.91B | 9 |
PAAS options: expected move
Options price a move of about ±9.1% (±$3.72) by Nov 6, 2026, which includes earnings on Nov 4, 2026; the earnings reaction alone is priced at about ±4.8%.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 48.6% | ±5.8% |
| Nov 6, 2026 | 14 | 55.7% | ±9.1% |
| Nov 13, 2026 | 21 | 50.5% | ±9.9% |
| Nov 20, 2026 | 28 | 50.6% | ±11.4% |
| Nov 27, 2026 | 35 | 48.6% | ±12.3% |
| Dec 4, 2026 | 42 | 47.6% | ±13.1% |
| Dec 18, 2026 | 56 | 47.2% | ±14.9% |
| Jan 15, 2027 | 84 | 45.7% | ±17.7% |
30-day implied volatility 48.5% vs 43.2% realized over the last 30 trading days. Put/call ratio (volume) 0.47. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:24 UTC)
| Price | USD 41.07 |
|---|---|
| Change | ▼ 5.91% (down) |
| Previous Close | USD 43.65 |
| Open | USD 41.82 |
| Day Range | USD 40.91 – 41.94 |
| 52-Week Range | USD 33.08 – 69.99 |
| Volume | 5,643,207 shares |
| Market Cap | $17.03B |
| Exchange | NYQ |
Technical Analysis (PAAS)
Nexqual's technical model rates PAAS "SELL" based on 2 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 09:24 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 32.01 (neutral) |
| vs SMA50 | Below (USD 48.24) |
| MACD | -1.44 (negative) |
Analyst Ratings (PAAS)
Wall Street analysts rate PAAS "Buy" based on 8 analysts, with a mean price target of USD 60.17 (range USD 51–80), per Nexqual as of October 23, 2026 at 09:24 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 8 |
| Mean Target | USD 60.17 |
| High Target | USD 80 |
| Low Target | USD 51 |
| Buy / Hold / Sell | 6 / 2 / 0 |
Earnings (PAAS)
| Next Earnings Date | 2026-11-04 |
|---|---|
| EPS Estimate | USD 0.67 |
| Revenue Estimate | $1.06B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.73 vs est 0.87 ▼ miss |
| 2026-03-31 | USD 1.09 vs est 1.06 ▲ beat |
| 2025-12-31 | USD 1.11 vs est 0.89 ▲ beat |
| 2025-09-30 | USD 0.48 vs est 0.49 ▼ miss |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financials & Fundamentals (PAAS)
| Total Revenue | $4.31B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +38.40% |
| Gross Margin | +55.87% |
| Operating Margin | +37.81% |
| Profit Margin | +32.03% |
| ROE | +22.41% |
| Debt / Equity | 0.11 |
| Current Ratio | 2.94 |
| Total Cash | $1.70B |
| Total Debt | $841.00M |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Financial Health Score (PAAS)
Nexqual rates Pan American Silver Corp.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:24 UTC.
| Growth | Strong — Revenue +28% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 56%, operating 38% (last 12 months) |
| Balance Sheet | Strong — $1.70B cash vs $841M debt, net cash position |
| Cash Flow | Solid — Operating cash flow $1.69B (TTM) |
| Efficiency | Strong — ROE 22%, ROA 11.8% |
Ownership (PAAS)
| Insider Ownership | +0.07% |
|---|---|
| Institutional Ownership | +62.66% |
| Shares Outstanding | 414.62M |
| Float | 416.70M |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Leadership (PAAS)
Pan American Silver Corp. is led by Michael Steinmann P.Geo., President, CEO & Director, per Nexqual as of October 23, 2026 at 09:24 UTC.
| President, CEO & Director | Michael Steinmann P.Geo. |
|---|---|
| Chief Financial Officer | Ignacio Couturier |
| Chief Operating Officer | Scott Campbell |
| Vice President of Investor Relations & Corporate Communications | Siren Fisekci |
| Senior Vice President of Business Development & Human Resources | Ibtissam Drier |
Major Backers & Investors (PAAS)
Notable institutional backers of Pan American Silver Corp. include Van Eck Associates Corporation, Mirae Asset Global ETFs Holdings Ltd., VanEck ETF Trust-VanEck Gold Miners ETF, according to Nexqual as of October 23, 2026 at 09:24 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Van Eck Associates Corporation | 4.61% |
| Mirae Asset Global ETFs Holdings Ltd. | 3.77% |
| VanEck ETF Trust-VanEck Gold Miners ETF | 3.76% |
| GLOBAL X FUNDS-Global X Silver Miners ETF | 2.65% |
| Capital International Investors | 1.51% |
| NORGES BANK | 1.35% |
| AMERICAN FUNDS INSURANCE SERIES-Eupac Fund | 1.19% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 2.78% |
| BlackRock | 2.03% |
| Geode Capital | 1.19% |
Source: Nexqual, October 23, 2026 at 09:24 UTC.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| RGLD | Royal Gold, Inc. | USD 234.72 | ▼ 3.01% |
| CDE | Coeur Mining, Inc. | USD 13.88 | ▼ 8.26% |
| AGI | Alamos Gold Inc. | USD 30.3 | ▼ 4.48% |
| EQX | Equinox Gold Corp. | USD 10.36 | ▼ 6.16% |
| KGC | Kinross Gold Corporation | USD 22.68 | ▼ 4.79% |
| HMY | Harmony Gold Mining Company Lim | USD 16.21 | ▼ 3.8% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:24 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt