Analyst Ratings Suggest Potential Upside for PAAS Despite Current Weakness
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 02 2025
0mins
Source: CNBC
Pan American Silver Corp (PAAS) is currently trading down 4.14%, hitting a 20-day low amid broader market declines, with the Nasdaq-100 down 1.57% and the S&P 500 down 1.24%.
Analysts rank PAAS low among its peers in the precious metals sector, indicating relative weakness as it trades down approximately 7.7%, compared to Newmont Corp (NEM) and Barrick Mining Corp (B), which are down about 5.6% and 5.7%, respectively. This low ranking may suggest poor stock performance but could also indicate significant upside potential for investors looking for contrarian opportunities.
Despite the current challenges, the underperformance relative to peers may attract investors seeking rebound opportunities, as the precious metals sector continues to present both risks and potential rewards.
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Analyst Views on PAAS
Wall Street analysts forecast PAAS stock price to fall
6 Analyst Rating
4 Buy
2 Hold
0 Sell
Moderate Buy
Current: 50.460
Low
43.19
Averages
49.70
High
55.00
Current: 50.460
Low
43.19
Averages
49.70
High
55.00
About PAAS
Pan American Silver Corp. is a producer of silver and gold in the Americas, operating mines in Canada, Mexico, Peru, Brazil, Bolivia, Chile and Argentina. It owns a 100% interest in the Escobal mine in Guatemala, and it holds interests in exploration and development projects. Its segments include Silver, Gold and Other. Silver segment includes operations of La Colorada, Huaron, San Vicente, Cerro Moro, La Colorada Skarn, Navidad and Escobal. Gold segment includes operations in Dolores, Shahuindo, Timmins, Jacobina, El Penon and Minera Florida. La Colorada mine produces silver-rich lead and zinc concentrates from a flotation plant treating sulfide ore. Huaron mine produces silver-rich zinc, lead and copper concentrates using floatation technology. It owns 44% joint venture interest in the Juanicipio silver mine in Zacatecas, Mexico, operated by Fresnillo plc, along with 100% ownership of the Larder exploration project and a 100% earn-in interest in the Deer Trail exploration project.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pan American Silver Shows Strong Stock Performance
- Stock Performance: Pan American Silver (PAAS) ended the recent trading session at $51.92, reflecting a 1.86% increase from the previous day, outperforming the S&P 500's decline of 0.57%, demonstrating resilience amid market fluctuations.
- Monthly Performance: Despite the recent uptick, PAAS shares have decreased by 7.65% over the past month, failing to keep pace with the Basic Materials sector's gain of 3.28% and the S&P 500's increase of 2.14%, indicating cautious market sentiment regarding its future performance.
- Earnings Expectations: The upcoming earnings report is anticipated to show an EPS of $1.08, representing a substantial 151.16% year-over-year increase, with revenue expected to reach $1.29 billion, a 58.43% growth, which could positively impact investor confidence.
- Valuation Analysis: Pan American Silver's forward P/E ratio stands at 10.95, below the industry average of 11.62, and its PEG ratio is 0.4, suggesting a relative valuation advantage within the sector that may attract more investor interest.
See More
Impact of Analyst Ratings on PAAS
- Analyst Rating Overview: PAAS ranks low among analysts in the precious metals sector, which may suggest poor stock performance; however, it could also indicate significant upside potential for bullish investors looking for contrarian opportunities.
- Market Performance Comparison: Currently, PAAS is trading down approximately 7.7%, while peers Newmont Corp (NEM) and Barrick Mining Corp (B) are down about 5.6% and 5.7%, respectively, highlighting PAAS's relative weakness in the precious metals market.
- Investor Interpretation: Investors often interpret analyst opinions from various angles, and a low ranking does not necessarily mean the stock will perform poorly; it may attract investors seeking rebound opportunities.
- Price History Analysis: The three-month price history chart for PAAS indicates a trend of underperformance compared to NEM and B, further emphasizing the challenges and potential investment opportunities within the precious metals sector.
See More
Pan American Silver Discovers New Mineral Resources at Timmins Project
- New Mineral Resource Discovery: Pan American Silver has identified new mineral resources at the Bell Creek mine and satellite deposits in Ontario's Timmins operation, which is expected to support future production growth and extend mine life, marking a strategic advancement in the company's mining development.
- Project Investment Plan: The company has approved a $146 million investment for a 625m shaft extension project at the Bell Creek mine, which is anticipated to enhance infrastructure utilization and bolster future production capacity.
- Exploration Plan Expansion: In 2026, Pan American plans to drill approximately 118,000 meters at Timmins, focusing on near-mine exploration and mineral resource conversion, with an expected update on mineral reserves by June 30, 2026, further strengthening its resource base.
- Environmental Benefits Enhancement: The Bell Creek shaft extension project is expected to reduce haulage distances and ventilation requirements, thereby lowering annual CO2 emissions, reflecting the company's commitment to sustainability.
See More
Pan American Silver Releases 2025 Sustainability Report
- Greenhouse Gas Reduction: Pan American Silver has surpassed its annual greenhouse gas reduction target, aiming for at least a 30% reduction in global Scope 1 and 2 emissions by 2030, which not only demonstrates the company's commitment to environmental responsibility but also enhances its appeal among sustainable investors.
- Renewable Energy Certificates Expansion: The company expanded its International Renewable Energy Certificates (iRECs) coverage to six mine sites in 2025, including El Peñon, Jacobina, and Shahuindo, further advancing its renewable energy strategy and strengthening its competitive position in green mining.
- Community Investment: Pan American invested $20.4 million in community programs, including three new local economic development initiatives, while continuing to focus on health and education, which not only enhances the company's reputation in local communities but also lays a foundation for long-term business growth.
- Employee Retention: The company achieved a 95% retention rate for female employees and continues to implement initiatives supporting diversity and inclusion, which not only boosts employee loyalty but also enhances the company's social responsibility image within the industry.
See More
GoldHaven Resources Expands Magno Project with Strategic Acquisitions
- Optimized Financing Structure: GoldHaven has raised approximately C$3.2 million through flow-through financing and C$5.0 million from a LIFE Offering in 2026, ensuring comprehensive funding for the Magno project and enhancing its development potential in the polymetallic mining sector.
- Geological Exploration Progress: The company plans to conduct a 1,741-kilometre high-resolution airborne magnetic survey in June 2026, aimed at improving the understanding of the structural characteristics of the Magno project, which is expected to significantly enhance the accuracy of resource assessments.
- Drilling Program Implementation: GoldHaven has submitted a permit application to the British Columbia Ministry of Mines for its 2026 drilling program, targeting three priority zones: Magno, Kuhn, and D Zone, with historical data indicating high-grade mineralization potential for silver, lead, and zinc in the area.
- Multi-Project Footprint: In addition to the Magno project, GoldHaven owns the Copeçal gold project in Brazil and several critical mineral projects, creating a diversified mineral development strategy that enhances the company's competitiveness in the global mining market.
See More
GoldHaven Resources Expands Magno Project to 37,204 Hectares
- Optimized Financing Structure: GoldHaven has raised approximately C$8.2 million in 2026 through flow-through financing and a LIFE Offering, ensuring comprehensive funding for the Magno project, which allows for an expanded drilling program and accelerated multi-phase deposit development.
- Geological Exploration Progress: Geological exploration at the Magno project has revealed grades of up to 2,370 g/t silver, over 20% lead, and 19.25% zinc, indicating significant mineralization potential in the area, which may attract increased investor interest.
- Modern Airborne Survey: GoldHaven has partnered with Dias Airborne Limited to conduct a 1,741-kilometre airborne magnetic survey, expected to commence in June 2026, aimed at enhancing understanding of the structural features of the Magno project to optimize drilling targets.
- Diverse Project Portfolio: In addition to the Magno project, GoldHaven owns the Copeçal gold project in Brazil and several critical mineral projects, creating a diversified mining investment portfolio that strengthens the company's competitiveness in the global mining market.
See More
Pan American Silver Shows Strong Stock Performance
- Stock Performance: Pan American Silver (PAAS) ended the recent trading session at $51.92, reflecting a 1.86% increase from the previous day, outperforming the S&P 500's decline of 0.57%, demonstrating resilience amid market fluctuations.
- Monthly Performance: Despite the recent uptick, PAAS shares have decreased by 7.65% over the past month, failing to keep pace with the Basic Materials sector's gain of 3.28% and the S&P 500's increase of 2.14%, indicating cautious market sentiment regarding its future performance.
- Earnings Expectations: The upcoming earnings report is anticipated to show an EPS of $1.08, representing a substantial 151.16% year-over-year increase, with revenue expected to reach $1.29 billion, a 58.43% growth, which could positively impact investor confidence.
- Valuation Analysis: Pan American Silver's forward P/E ratio stands at 10.95, below the industry average of 11.62, and its PEG ratio is 0.4, suggesting a relative valuation advantage within the sector that may attract more investor interest.
See More
Impact of Analyst Ratings on PAAS
- Analyst Rating Overview: PAAS ranks low among analysts in the precious metals sector, which may suggest poor stock performance; however, it could also indicate significant upside potential for bullish investors looking for contrarian opportunities.
- Market Performance Comparison: Currently, PAAS is trading down approximately 7.7%, while peers Newmont Corp (NEM) and Barrick Mining Corp (B) are down about 5.6% and 5.7%, respectively, highlighting PAAS's relative weakness in the precious metals market.
- Investor Interpretation: Investors often interpret analyst opinions from various angles, and a low ranking does not necessarily mean the stock will perform poorly; it may attract investors seeking rebound opportunities.
- Price History Analysis: The three-month price history chart for PAAS indicates a trend of underperformance compared to NEM and B, further emphasizing the challenges and potential investment opportunities within the precious metals sector.
See More
Pan American Silver Discovers New Mineral Resources at Timmins Project
- New Mineral Resource Discovery: Pan American Silver has identified new mineral resources at the Bell Creek mine and satellite deposits in Ontario's Timmins operation, which is expected to support future production growth and extend mine life, marking a strategic advancement in the company's mining development.
- Project Investment Plan: The company has approved a $146 million investment for a 625m shaft extension project at the Bell Creek mine, which is anticipated to enhance infrastructure utilization and bolster future production capacity.
- Exploration Plan Expansion: In 2026, Pan American plans to drill approximately 118,000 meters at Timmins, focusing on near-mine exploration and mineral resource conversion, with an expected update on mineral reserves by June 30, 2026, further strengthening its resource base.
- Environmental Benefits Enhancement: The Bell Creek shaft extension project is expected to reduce haulage distances and ventilation requirements, thereby lowering annual CO2 emissions, reflecting the company's commitment to sustainability.
See More
Pan American Silver Releases 2025 Sustainability Report
- Greenhouse Gas Reduction: Pan American Silver has surpassed its annual greenhouse gas reduction target, aiming for at least a 30% reduction in global Scope 1 and 2 emissions by 2030, which not only demonstrates the company's commitment to environmental responsibility but also enhances its appeal among sustainable investors.
- Renewable Energy Certificates Expansion: The company expanded its International Renewable Energy Certificates (iRECs) coverage to six mine sites in 2025, including El Peñon, Jacobina, and Shahuindo, further advancing its renewable energy strategy and strengthening its competitive position in green mining.
- Community Investment: Pan American invested $20.4 million in community programs, including three new local economic development initiatives, while continuing to focus on health and education, which not only enhances the company's reputation in local communities but also lays a foundation for long-term business growth.
- Employee Retention: The company achieved a 95% retention rate for female employees and continues to implement initiatives supporting diversity and inclusion, which not only boosts employee loyalty but also enhances the company's social responsibility image within the industry.
See More
GoldHaven Resources Expands Magno Project with Strategic Acquisitions
- Optimized Financing Structure: GoldHaven has raised approximately C$3.2 million through flow-through financing and C$5.0 million from a LIFE Offering in 2026, ensuring comprehensive funding for the Magno project and enhancing its development potential in the polymetallic mining sector.
- Geological Exploration Progress: The company plans to conduct a 1,741-kilometre high-resolution airborne magnetic survey in June 2026, aimed at improving the understanding of the structural characteristics of the Magno project, which is expected to significantly enhance the accuracy of resource assessments.
- Drilling Program Implementation: GoldHaven has submitted a permit application to the British Columbia Ministry of Mines for its 2026 drilling program, targeting three priority zones: Magno, Kuhn, and D Zone, with historical data indicating high-grade mineralization potential for silver, lead, and zinc in the area.
- Multi-Project Footprint: In addition to the Magno project, GoldHaven owns the Copeçal gold project in Brazil and several critical mineral projects, creating a diversified mineral development strategy that enhances the company's competitiveness in the global mining market.
See More
GoldHaven Resources Expands Magno Project to 37,204 Hectares
- Optimized Financing Structure: GoldHaven has raised approximately C$8.2 million in 2026 through flow-through financing and a LIFE Offering, ensuring comprehensive funding for the Magno project, which allows for an expanded drilling program and accelerated multi-phase deposit development.
- Geological Exploration Progress: Geological exploration at the Magno project has revealed grades of up to 2,370 g/t silver, over 20% lead, and 19.25% zinc, indicating significant mineralization potential in the area, which may attract increased investor interest.
- Modern Airborne Survey: GoldHaven has partnered with Dias Airborne Limited to conduct a 1,741-kilometre airborne magnetic survey, expected to commence in June 2026, aimed at enhancing understanding of the structural features of the Magno project to optimize drilling targets.
- Diverse Project Portfolio: In addition to the Magno project, GoldHaven owns the Copeçal gold project in Brazil and several critical mineral projects, creating a diversified mining investment portfolio that strengthens the company's competitiveness in the global mining market.
See More
