PAAS — Pan American Silver Corp.

Stock analysis, trade plans, and proprietary indicators by Trend Edge.

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. Read full Trend Edge analysis →

Trend Edge Proprietary Indicators

Key Metrics

Current Price$59.14
Market Cap$24.36B
Float420.9M
Shares Outstanding421.4M
P/E (Forward)12.47
P/E (TTM)18.24
Price/Sales (TTM)6.09
vs. Analyst Target+22.2% to analyst PT
Profit Margin31.65%
Operating Margin (TTM)48.09%
Revenue (TTM)$4.00B
Earnings Growth (YoY)131.60%
Dividend Rate0.6%
Analyst Target Price$72.25 (9 analysts)

Financial History

Annual Revenue & Earnings History

YearRevenueNet IncomeGross ProfitEBITDA
2020 $1.34B $178M $258M $534M
2021 $1.63B $97.4M $368M $552M
2022 $1.49B -$340M $48.4M $20.3M
2023 $2.32B -$104M $297M $477M
2024 $2.82B $112M $549M $1.05B
2025 $3.68B $995M $1.39B $1.72B

Recent Quarterly Revenue & Net Income

QuarterRevenueNet Income
Jun 2025 $812M $189M
Sep 2025 $855M $169M
Dec 2025 $1.20B $458M
Mar 2026 $1.15B $457M

Ownership & Float

Insider Ownership0.1%
Institutional Ownership63.7%
Short Float9.3%
% of All Funds Holding6.31%
Number of Funds Holding487

Current Moving Averages

Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.

TimeframeSMAValueTrend Context
Weekly10-Week SMA$55.35Near-term / short-term trend
Weekly40-Week SMA$47.51Medium-term trend
Weekly80-Week SMA$36.08Cyclical trend (business cycle)
Weekly200-Week SMA$24.72Secular trend (multi-year)
Monthly10-Month SMA$49.47Near-term monthly trend
Monthly20-Month SMA$36.91Medium-term monthly trend
Monthly40-Month SMA$26.97Secular monthly trend

Volume Shelves — Support & Resistance

Trend Edge identifies volume shelves: price zones where historically elevated trading volume creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.

Price LevelTypeVolume RatioAge
$68.00 resistance 1.33x 1 months ago
$27.60 support 1.09x 8 months ago
$25.00 support 1.50x 10 months ago
$18.50 support 1.40x 23 months ago
$15.50 support 1.88x 24 months ago

Historical Earnings Reactions (108 events)

TimeframeAvg ReturnMedianWin RateBestWorst
Gap -0.12% 0.00% 47.22% 6.11% -8.87%
1 Day -0.26% -0.78% 43.52% 15.94% -15.42%
1 Week 0.00% 0.43% 52.78% 22.97% -20.70%
2 Weeks 0.47% -1.08% 45.37% 29.84% -22.09%
1 Month 1.67% 1.63% 51.85% 56.03% -44.46%

Next earnings: May 13, 2026 (2 days away)

Seasonality & Day-of-Week Patterns

Monthly Seasonality

MonthAvg ReturnWin RateSamples
Jan4.1%64.5%31
Feb3.1%58.1%31
Mar-1.0%38.7%31
Apr1.3%41.9%31
May2.4%40.0%30
Jun-0.9%46.7%30
Jul1.4%54.8%31
Aug2.0%45.2%31
Sep1.2%48.4%31
Oct-2.0%45.2%31
Nov3.4%54.8%31
Dec3.5%45.2%31

Day-of-Week Tendencies

DayAvg ReturnWin RateSamples
Monday -0.19% 42.9% 1462
Tuesday 0.10% 47.9% 1596
Wednesday 0.15% 48.0% 1595
Thursday 0.13% 47.5% 1563
Friday 0.22% 50.1% 1558

Top Institutional Holders

Institutional holder breakdown coming soon.

Total institutional ownership: 63.7%

Insider Transactions — Smart Summary

Total insider ownership: 0.1%

Full insider transaction history and smart buy/sell sentiment summary available on Trend Edge.

AI Consult Analysis

Trend Edge's AI Consult feature delivers a comprehensive, multi-layer trade plan for Pan American Silver Corp. (PAAS) powered by Claude Opus — Anthropic's most capable AI model. The analysis covers five layers: technical analysis (near-term, medium-term, cyclical, and secular trend, momentum, volume shelf support and resistance, breakout and breakdown signals), qualitative analysis (business model, competitive moat, sector dynamics), insider sentiment (buy and sell signals from executive and director transactions), share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and fundamental analysis (valuation, revenue growth, profit margin, earnings quality).

AI Consult synthesizes all five layers into a single bullish or bearish thesis with explicit entry, exit, stop loss, and take profit levels — giving you a complete, AI-powered trade plan with defined risk/reward. Whether you are building a long position, initiating a short, or looking for a reversal setup, AI Consult identifies the highest-probability signal from the current trend.

Get the full AI Consult analysis for PAAS on Trend Edge →