NYSE: PAAS

Pan American Silver (PAAS) Stock Analysis & Forecast

Sep 28 close

$45.77−2.27 (−4.7%)

Gekko Brief

AI summary

Pan American Silver falls sharply this week, closing at $45.77 after a decline of -4.73%, a larger drop than the broader market, following a slide from $48.75 and $46.88 on prior sessions. Coverage during the week focuses on the company's reserve base, with exploration and drilling adding silver and gold resources and progress noted on the Timmins project, alongside general performance comparisons against the S&P/TSX Composite index.

The stock trades below both its 50-day average of $48.76 and its 200-day average of $52.86, with the 50-day also below the 200-day, reflecting a broader headwind in trend. Over the past month the shares are down -16.6%, though the three-month return remains positive at 2.5%. The GekkoIndex reads 63.4, placing PAAS in the Accumulation zone, up 4 points recently. Fair value stands at $46.67, putting the current price -1.9% below that mark.

The next earnings date falls on 11 November 2026, 43 days out and beyond a typical 20-trading-day holding window; the prior report on 12 August showed EPS of $0.73 against an estimate of $0.84, with an -8.7% reaction, and the company has beaten estimates in 5 of the last 8 quarters. No insider, Congress or unusual options activity appears in the current windows. Seasonally, the next 20 trading days have averaged a gain of 5.8% over 5 years, positive in 4 of them.

Written by AI and checked automatically against the figures on this page. Generated Sep 29, 2026 from the data above.

Pan American Silver price vs fair value

$46.67$45.77Sep ’25Mar ’26Sep ’26
Close $45.77200-day averageGekko Fair Value $46.67

Pan American Silver quick facts

Market cap
$19.29B
P/E ratio
14.2
Forward P/E
12.4
EPS, TTM
$3.34
Revenue, TTM
$4.31B
Profit margin
32%
Dividend yield
1.29%
Beta
1.59
Volume
3.59M avg 3.24M
1-year return
+24.4%
Typical daily move
±4.7%
Typical 20-day move
±8.5%
50-day average
$48.76
200-day average
$52.86
Next earnings
Nov 11
Shares outstanding
414.6M
52-week range
$33.08$69.99

Pan American Silver swing-trade checklist

Pan American Silver scores 3 supportive, 1 mixed and 1 headwind across the 5 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

3 supportive1 mixed1 headwind

  • Trendheadwind

    Below 50 and 200-day

    Close $45.77 is below the 50-day ($48.76) and 200-day ($52.86) averages, and the 50-day is below the 200-day.

    See the chart
  • GekkoIndexsupportive

    63.4, Accumulation

    Reading 63.4 is in the Accumulation zone.

    See the GekkoIndex
  • Fair valuemixed

    1.9% below

    Price is within 5% of Gekko Fair Value (1.9% below).

    See fair value
  • Smart moneyno data

    No data

    No insider, Congress or unusual options activity in the window.

    See smart money
  • Earnings risksupportive

    Reports in 43 days

    Next report Nov 11, 2026, 43 days away — outside a typical 20-trading-day hold.

    See earnings
  • Seasonalitysupportive

    +5.8% on average

    From this point in the calendar, the next 20 trading days averaged +5.8% over 5 years, rising in 4 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Pan American Silver stock chart and price history

Pan American Silver closed at $45.77 on Sep 28, 2026, +24.4% over the past year, inside a 52-week range of $33.08 to $69.99.

Close50-day average200-day averageVolume
Pan American Silver share price, past year, with 50-day and 200-day moving averages and volume$30$40$50$60$70NovDecJan 2026FebMarAprMayJunJulAugSep45.77

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
−16.6%
3 months
+2.5%
6 months
−11.5%
1 year
+24.4%
The full PAAS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open PAAS in Gekko

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About Pan American Silver

Pan American Silver works across the entire lifecycle of a mine, from finding and building sites to pulling ore out of the ground, processing it, and eventually restoring the land afterward. The company is known for producing silver alongside gold, zinc, lead, and copper, giving it a footprint in both precious and base metals.

Its mining properties are spread across Canada, Mexico, Peru, Argentina, and Bolivia, with named sites including La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, San Vicente, Joaquin, Cap-Oeste Sur Este, and Navidad. This geographic spread reflects how the company organizes its production across multiple countries and ore bodies rather than a single operation.

The company traces its history to 1979, when it was established as Pan American Minerals Corp., before adopting the Pan American Silver name in April 1995. It is headquartered in Vancouver, Canada, and its shares trade on the NYSE under the ticker PAAS.

Listed
NYSE
Sector
Non-energy minerals
Industry
Precious metals
Website
panamericansilver.com

Pan American Silver GekkoIndex: the smart money zone

Pan American Silver’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 63.4, in the Accumulation zone, up 4 points over five sessions.

010063.4Accumulation

Up 4 points over five sessions, from the Neutral zone.

Reading for Sep 28, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying16+4.6%+2.3%+2.6%+25.4%
Accumulation (current zone)167+2.3%+3.8%+7.5%+18.6%
Neutral430+0.9%+2.2%+4.0%+10.4%
Distribution58−0.6%−0.1%+4.3%+7.8%
Selling1Too few readings yet

Average PAAS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Accumulation readings averaged +2.3% over 20 days. Past behaviour doesn’t guarantee future results.

Accumulation zone: Institutional interest building. About the five zones →

See every daily GekkoIndex reading plotted over the PAAS price, zone by zone.Track PAAS in Gekko

Is Pan American Silver stock overvalued? Gekko Fair Value

Pan American Silver trades 1.9% below Gekko Fair Value of $46.67, so the shares are about fair value on Gekko’s estimate.

Gekko’s own estimate of what Pan American Silver shares are worth, recalculated every trading day.

$46.67

Gekko Fair Value, Sep 26, 2026

1.9% below fair value · About fair value

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open PAAS in Gekko

Pan American Silver insider and Congress trading

No open-market insider purchases were filed for Pan American Silver, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for PAAS in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every PAAS insider filing, plotted on the chart in Gekko.Open PAAS in Gekko

Congress trades last 90 days

No trades in PAAS were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for PAAS, plotted on the chart in Gekko.Open PAAS in Gekko

Buybacks

Pan American Silver has been buying back its own shares.

Bought back, quarter ended Jun 30, 2026
$217.4M
As a share of market cap
1.13%

From company filings.

Hedge funds and billionaires quarter ended Mar 31

0of the funds Gekko tracks hold PAAS.

0added0opened0trimmed1sold out
Which funds are on each side, name by name.Unlock in Gekko

Pan American Silver earnings: next date and track record

Pan American Silver reports on Nov 11, 2026 (43 days away), and beat the EPS estimate in 5 of its last 8 reports.

5 of 8reports beat the EPS estimate
±5.9%average move across the report
6 of 8reports followed by a gain

Share-price move across each report

−1.2%Nov ’24+3.4%Feb ’25+2.0%May ’25+7.9%Aug ’25+3.9%Nov ’25+9.1%Feb ’26+10.7%May ’26−8.7%Aug ’26

Last earnings call, Aug 12, 2026 AI summary

What they said
Pan American Silver reported strong Q2 2026 operational and financial results driven by robust silver production, healthy free cash flow, and progress on growth projects. The company generated $344 million of attributable free cash flow, returned a record $300 million to shareholders via buybacks and dividends, and reported attributable silver production of 6.5 million ounces (high end of guidance). Management reaffirmed full-year 2026 operating outlooks for silver and gold production, all-in sustaining costs, and sustaining capital, while noting a modest shortfall in Q2 gold production (approx. 166,000 oz) due primarily to seismic-related operational adjustments at Jacobina and shifts in mine sequencing at El Peñón toward higher-silver, lower-gold material. Q2 silver AISC was $17.80/oz (impacted by inventory drawdown, higher royalties, FX, and labor costs); gold segment AISC was $1,984/oz. Management discussed ongoing mitigation and optimization efforts (paste backfill and plant optimization at Jacobina; La Colorada Skarn progress; Timmins PEA) and reaffirmed capital allocation priorities: maintain a strong balance sheet (~$3.2B liquidity), invest in high-return projects, and return up to $1B to shareholders. They also highlighted timing items (reserve/resource update early September) and operational headwinds including El Niño-related weather disruptions, higher taxes/withholding variability, and local contractor mobilization delays in Bolivia.
Guidance
Reaffirmed full-year 2026 operating outlook ranges for silver and gold production, silver and gold segment all-in sustaining costs, and sustaining capital. Full-year silver production guidance: 25 to 27 million ounces (reaffirmed). Project capital guidance maintained at $240 million to $255 million for the year. Tax payments re-guided to approximately $585 million to $635 million for the year. Company reiterated target to return up to $1 billion of cash to shareholders (mix of buybacks and dividends) and noted ongoing share buybacks (over 7M shares YTD, >2M in July). Reserve and resource update scheduled for early September.
Risks flagged
Seismic activity at Jacobina causing short-term production postponement and additional development and potential capital for paste backfill; El Niño weather risks causing logistics and operational disruptions (notably at El Peñón and Cerro Moro); variability and potential increases in effective tax rate and withholding taxes tied to higher metal prices and true-ups; foreign exchange volatility and metal price fluctuations affecting costs and by-product credits; contractor mobilization delays and national strikes (e.g., Bolivia) affecting project capital timing; short-term higher royalties at La Colorada from mining adjacent third-party concession; potential continuity/drilling risk at secondary structures at El Peñón impacting gold continuity.
ReportedEPSSurpriseRevenueSurpriseMove
Aug 12, 2026$0.73
est $0.84
−13.1%$1.10B
est $1.13B
−2.5%−8.7%
May 5, 2026$1.09
est $0.96
+13.4%$1.13B
est $1.20B
−5.9%+10.7%
Feb 18, 2026$1.11
est $0.85
+30.3%$1.17B
est $1.11B
+5.5%+9.1%
Nov 12, 2025$0.48
est $0.49
−2.0%$854.6M
est $1.16B
−26.3%+3.9%
Aug 6, 2025$0.43
est $0.40
+7.5%$811.9M
est $860.8M
−5.7%+7.9%
May 7, 2025$0.42
est $0.19
+121.1%$773.2M
est $699.7M
+10.5%+2.0%
Feb 19, 2025$0.35
est $0.35
−1.4%$815.1M
est $783.3M
+4.1%+3.4%
Nov 5, 2024$0.44
est $0.20
+120.0%$716.1M
est $814.0M
−12.0%−1.2%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Pan American Silver stock forecast and analyst price targets

Analysts’ average 12-month price target for Pan American Silver is $64.78, +41.5% from the last close.

$64.78consensus 12-month target, +41.5% from the last close
+7.5%average 20-day move after past Accumulation readings
+5.8%average move over the next 20 trading days in the last 5 years
±4.7%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Pan American Silver seasonality: the next 20 trading days

Over the next 20 trading days from Sep 29, Pan American Silver averaged +5.8% across the last 5 years, rising in 4 of them.

Next 20 trading days, by year

+15.2%2021+4.5%2022+4.4%2023+17.1%2024−10.5%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+2.6%4 of 5
Next 10 trading days+4.8%5 of 5
Next 15 trading days+6.7%4 of 5
Next 20 trading days+5.8%4 of 5
Next 30 trading days+0.8%2 of 5

For scale, PAAS’s typical 20-trading-day move in either direction is about 8.5%.

Pan American Silver market cap and key statistics

Pan American Silver’s market cap is $19.29B, with a P/E ratio of 14.2 and revenue of $4.31B over the last twelve months.

Valuation

Market cap
$19.29B
P/E ratio
14.2
Forward P/E
12.4
EPS, TTM
$3.34
Gekko Fair Value
$46.67

Trading

Volume
3.59M
Avg volume, 20 days
3.24M
52-week high
$69.99
52-week low
$33.08
Shares outstanding
414.6M

Financials

Revenue, TTM
$4.31B
Profit margin
32%
Return on equity
22.4%
Quarterly earnings growth, YoY
+38.5%

Risk and income

Beta
1.59
Typical daily move
±4.7%
Typical 20-day move
±8.5%
Dividend yield
1.29%

Pan American Silver stock news this week

Coverage of Pan American Silver this week reads neutral: 0 positive, 3 neutral and 2 negative headlines.

News sentiment neutral

Pan American Silver peers

Pan American Silver’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
NEMNewmont+0.5%Accumulation18.4% below
AEMAgnico Eagle Mines+0.4%Accumulation7.4% below
BBarrick Mining+0.5%Accumulation7.3% above
WPMWheaton Precious Metals−0.2%Accumulation4.2% above
FNVFranco-Nevada−0.7%Accumulation10.4% above
KGCKinross Gold+1.2%Buying2.6% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

Pan American Silver stock FAQ

What is Pan American Silver’s market cap?

Pan American Silver’s market cap is $19.29B at the Sep 28, 2026 close of $45.77, with 414.6M shares outstanding. The shares trade on a P/E ratio of 14.2.

What is the Pan American Silver stock forecast?

The consensus analyst 12-month price target for Pan American Silver is $64.78, +41.5% from the last close. Gekko doesn’t publish price predictions of its own.

Is Pan American Silver stock overvalued or undervalued?

On Gekko’s estimate Pan American Silver is about fair value: the Sep 28, 2026 close of $45.77 is 1.9% below Gekko Fair Value of $46.67. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Pan American Silver report earnings next?

Pan American Silver is expected to report on Nov 11, 2026 (43 days away). Analysts expect earnings of $0.91 per share on revenue of $1.05B. Pan American Silver beat the earnings estimate in 5 of its last 8 reports, moving 5.9% on average across the report.

What is Pan American Silver’s 52-week high and low?

Pan American Silver’s 52-week high is $69.99 and its 52-week low is $33.08; it closed at $45.77 on Sep 28, 2026, +24.4% over the past year.

Is Pan American Silver stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 3 of the 5 items with data read as supportive (gekkoindex, earnings risk and seasonality), 1 as mixed (fair value) and 1 as a headwind (trend). The checklist is a description of current data, not a recommendation.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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