profit from every $100 of sales.
$0$100
Pan American Silver
$37.72-4.12% today
-1.7% in 1 year
1-year low $36.481-year high $68.70
Trading close to its lowest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2022 to 2025.
0%20% a year
You pay $15.90 for every $1 of profit it makes in a year.
CheapExpensive
It holds more cash than debt.
No debt5 years
Money in, money out
What Pan American Silver sold, what it kept, and what it did with the cash.
Sales went from $1.49 billion in 2022 to $3.62 billion in 2025, with $978 million of profit last year.
SalesProfit
Pan American Silver handed back 22% of the cash it generated last year.
$175M
Free cash flow 2025$1.0B
Bought back its own shares$46M
Paid as dividends$175M
Cash vs. debt$1.2B vs. $852M
Pan American Silver vs. similar companies
Pan American Silver grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from $100 of sales | Sales growth a year | Price per $1 of profit |
|---|---|---|---|
| Pan American Silver | 15.9× · Fair price | ||
 First Majestic Silver | 41.8× · Expensive | ||
 Discovery Silver | 53.5× · Expensive | ||
 Aya Gold & Silver | 72.3× · Very expensive | ||
 Hunan Silver Co.,Ltd. | 59.5× · Expensive |
AI analysis
An AI analyst reads Pan American Silver's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 1,495 | 2,316 | 2,819 | 3,619 | |
| 48 | 297 | 549 | 1,405 | |
| -66 | 83 | 350 | 1,138 | |
| 20 | 477 | 1,051 | 1,790 | |
| -342 | -104 | 112 | 978 | |
| -1.62 | -0.32 | 0.31 | 2.56 | |
| 3.2% | 12.8% | 19.5% | 38.8% | |
| -4.4% | 3.6% | 12.4% | 31.4% | |
| -22.9% | -4.5% | 4.0% | 27.0% |
Balance sheet
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total assets | 3,249 | 7,213 | 7,203 | 9,742 |
| Cash | 107 | 400 | 863 | 1,215 |
| Total debt | 227 | 802 | 804 | 852 |
| Total liabilities | 1,047 | 2,441 | 2,486 | 2,741 |
| 2,196 | 4,761 | 4,704 | 6,997 | |
| 211 | 327 | 363 | 382 | |
| -9.6% | -0.1% | 6.9% | 13.0% | |
| -15.6% | -2.2% | 2.4% | 14.0% |
Cash flow
| In millions of USD | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 32 | 450 | 724 | 1,333 | |
| 275 | 379 | 323 | 314 | |
| -243 | 71 | 401 | 1,019 | |
| Dividends paid | 95 | 130 | 145 | 175 |
| – | 0 | 24 | 46 | |
| 4 | 6 | 0 | 2 |
Valuation
- 15.9×
- 7.8×
- –
- 3.2×
- 4.3×
- 15.3×
- 8.5×
- 6.6%
- 6.3%
- 1.0%
Profitability
- 38.8%
- 31.4%
- 27.0%
- 53.3%
- 12.5%
- 0.5%
- 19.7%
- 12.6%
- 16.5%
- –
Growth
- +34.3%
- –
- +169.9%
- +15.9%
- +16.1%
Financial health
- -0.3×
- 0.11
- 8.3%
- 22.0×
- 2.84
- 2.11
- 0.40
How it ranks in Materials
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Top 24%of 989
Top 11%of 954
Top 34%of 773
Top 6%of 933
Top 23%of 988
What analysts expect
- Average price target
- $75.00
- Range
- $54.00 – $94.00
- 1 analysts
These targets were collected on May 20, 2026 and our analyst feed has not updated since, so we no longer compare them with today's price.
Recent earnings
Our results feed has not updated since May 21, 2026. Results reported after that are not in this table yet.
| Date | EPS | Expected | Surprise |
|---|---|---|---|
| May 5, 2026 | 1.09 | 1.06 | +2.8% |
| Feb 18, 2026 | 1.11 | 0.90 | +23.3% |
| Nov 12, 2025 | 0.48 | 0.49 | −2.0% |
| Aug 6, 2025 | 0.43 | 0.40 | +7.5% |
| May 7, 2025 | 0.42 | 0.19 | +121.1% |
| Feb 19, 2025 | 0.35 | 0.37 | −5.4% |
| Nov 5, 2024 | 0.32 | 0.21 | +52.4% |
| Aug 7, 2024 | 0.11 | 0.15 | −26.7% |
1.0%of the share price, paid each year
On $1,000 invested$10a year at today's yield, before tax
+15.9%2020 to 2025
Raised1 yearin a row, in our data
Paid per share, each year
$0.28 in 2015 → $0.46 in 2025
How safe it looks
17.9% of its profit
Room to growStretchedMore than it earns: 17.2%
News
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Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
5/7Passes 5 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
67Pass
Benjamin Graham
54No pass
Philip Fisher
69Pass
Peter Lynch
100Pass
Joel Greenblatt
48No pass
Charlie Munger
61Pass
Terry Smith
64Pass
Questions about Pan American Silver
Is Pan American Silver a good stock to buy?
A strong, very profitable business at a fair price. 5 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Pan American Silver AI analysis
What does Pan American Silver do?
Pan American Silver Corp., together with its subsidiaries, engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Argentina, and Bolivia. It is in Silver, based in Vancouver, BC, Canada, with 9,348 employees.
Does Pan American Silver pay a dividend?
Yes. At today's price the dividend is 1.0% a year, about 18% of its yearly profit. In 2025 it paid out $175 million in dividends.
Is Pan American Silver stock halal?
Yes. Pan American Silver passes our halal screen: its business is permitted and its debt is 5% of its market value, under the 30% limit. How we check
How has Pan American Silver stock done over the past year?
Down 1.7% over the past twelve months, to $37.72. It traded between $36.48 and $68.70 and is 45.1% below its high.
Who are Pan American Silver's competitors?
The largest listed companies in the same industry are First Majestic Silver, Discovery Silver, Aya Gold & Silver and Hunan Silver Co.,Ltd.. The peers table on this page compares their profit, growth and price with Pan American Silver's.
Prices: daily closes to Nov 12, 2026. Fundamentals: company reports via invest-like data.