Pan American Silver Corp. PAAS

Zacks Investment Research 13 nov

Pan American Silver (PAAS) reported a 53% year-over-year increase in operating cash flow for the first nine months of 2026, with free cash flow reaching $1.21B and silver production rising 22% to 18.97M ounces. The company expects 2026 silver output of 25-27M ounces and returned $300M to shareholders in Q3. Trading at a forward P/E of 9.35X versus industry average of 11.83X, PAAS carries a Zacks Rank #3 (Hold) with 2026 earnings consensus of $3.34 per share.

Zacks Investment Research 4 nov

Pan American Silver reported Q3 2026 revenue of $1.01 billion, up 17.7% year-over-year, with EPS of $0.69 versus $0.48 in the prior year. While revenue missed consensus estimates by 2.34%, EPS beat expectations by 4.55%. Production metrics were mixed across the company's mining operations, with some operations exceeding estimates while others fell short. The stock has underperformed the broader market, declining 16.6% over the past month.

Zacks Investment Research 29 oct

Pan American Silver (PAAS) declined 2.86% to $40.75, underperforming the S&P 500's 0.31% loss. The stock has fallen 7.82% over the past month, lagging the Basic Materials sector. Despite positive earnings projections for Q3 (EPS up 37.5% YoY, revenue up 20.53% YoY), the company holds a Zacks Rank #4 (Sell) rating due to a 12.44% decline in consensus EPS estimates over the past month. The stock trades at a Forward P/E of 12.57, above its industry average of 11.72.

Zacks Investment Research 28 oct

Pan American Silver is expected to report Q3 2026 earnings on November 4 with consensus estimates of $0.66 EPS (up 37.5% YoY) and $1.03B in revenues (up 20.5% YoY). The company has a positive Earnings ESP of +0.24% with a Zacks Rank #3, suggesting it is likely to beat consensus estimates. However, recent estimate revisions have been downward, declining 26.59% over the last 30 days.

Zacks Investment Research 14 oct

The silver mining industry faces near-term headwinds from volatile silver prices (down 15.7% YTD after a 170% rally in 2025), a stronger U.S. dollar, and rising operating costs driven by inflation. However, strong long-term demand from solar energy, automotive electrification, and AI-driven digital infrastructure supports the sector. Zacks recommends three silver mining stocks—Fresnillo, Pan American Silver, and Hecla Mining—for their operational efficiency, cost management, and solid project pipelines.