Pan American Silver (NYSE:PAAS) Upgraded to Strong-Buy at Wall Street Zen

Posted by Max Byerly on Feb 23rd, 2026

Wall Street Zen upgraded shares of Pan American Silver (NYSE:PAAS – Free Report) (TSE:PAAS) from a buy rating to a strong-buy rating in a research report sent to investors on Sunday morning.

Several other equities analysts have also commented on the company. Jefferies Financial Group reduced their price target on Pan American Silver from $58.00 to $54.00 and set a “hold” rating on the stock in a research report on Wednesday, January 21st. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 31st. Canadian Imperial Bank of Commerce set a $88.00 price target on shares of Pan American Silver and gave the company an “outperform” rating in a report on Wednesday, February 4th. Scotiabank boosted their price objective on shares of Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a report on Monday, January 26th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Pan American Silver in a research report on Monday, December 29th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, Pan American Silver presently has a consensus rating of “Moderate Buy” and an average price target of $56.60.

Get Our Latest Stock Analysis on PAAS

Pan American Silver Stock Up 5.8%

Shares of Pan American Silver stock opened at $64.76 on Friday. Pan American Silver has a twelve month low of $20.55 and a twelve month high of $69.99. The stock has a market cap of $27.32 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 0.61 and a beta of 0.66. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. The company has a fifty day moving average price of $56.05 and a 200 day moving average price of $43.96.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter in the previous year, the firm posted $0.35 earnings per share. The firm’s quarterly revenue was up 44.7% on a year-over-year basis. Equities research analysts forecast that Pan American Silver will post 1.26 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 13th. Investors of record on Monday, March 2nd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.1%. This is a boost from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date is Monday, March 2nd. Pan American Silver’s dividend payout ratio (DPR) is 22.40%.

Institutional Trading of Pan American Silver

A number of institutional investors and hedge funds have recently modified their holdings of the business. Compound Planning Inc. boosted its holdings in shares of Pan American Silver by 27.0% in the 4th quarter. Compound Planning Inc. now owns 16,776 shares of the basic materials company’s stock valued at $869,000 after buying an additional 3,562 shares during the period. TMB Capital Partners LLC bought a new position in Pan American Silver in the fourth quarter worth about $253,000. Corient Private Wealth LLC acquired a new position in Pan American Silver in the fourth quarter valued at approximately $634,000. Strive Financial Group LLC bought a new position in shares of Pan American Silver during the fourth quarter valued at approximately $145,000. Finally, Mercer Global Advisors Inc. ADV raised its position in shares of Pan American Silver by 17.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 16,452 shares of the basic materials company’s stock worth $852,000 after purchasing an additional 2,448 shares during the period. 55.43% of the stock is owned by institutional investors and hedge funds.

Key Pan American Silver News

Here are the key news stories impacting Pan American Silver this week:

Positive Sentiment: Q4 & full?year beat and record results — Pan American reported adjusted EPS of $1.11 (vs. ~$0.90 est.) and revenue of ~$1.18B, with record net earnings for 2025. Strong beat and top?line growth underpin the rally. Pan American Silver Reports Record Fourth Quarter and Full Year 2025 Financial Results
Positive Sentiment: Dividend hiked — quarterly dividend raised ~29% to $0.18 (ex?dividend Mar 2), signalling stronger cash returns and management confidence in cash generation. Pan American Silver Reports Record Fourth Quarter and Full Year 2025 Financial Results
Positive Sentiment: Cash flow & guidance strength — record operating cash flow (Q4 ~$554M; full?year FCF >$1.1B) and management guidance calling for double?digit silver production growth in 2026 support upside to earnings and returns if metal prices hold. Pan American Silver Earnings Beat Sparks Guidance Hike And Valuation Debate
Positive Sentiment: Operational contributors — Juanicipio and other mines drove quarterly attributable silver production (~7.3M oz) and helped push margins higher, showing the company is converting higher metal prices into profits. Pan American Silver Q4 2025 Earnings — MarketBeat
Neutral Sentiment: Peer comparison & sector context — analysts are comparing PAAS with peers (e.g., EXK) as silver rallies; positive macro for silver helps miners broadly, but relative valuation and production profiles matter. PAAS vs. EXK: Which Silver Mining Stock Is the Better Buy?
Neutral Sentiment: Valuation debate — the earnings beat and guidance lift the stock, but some coverage highlights a debate over whether the run?up fully discounts expected metal prices and production gains. Pan American Silver Earnings Beat Sparks Guidance Hike And Valuation Debate
Negative Sentiment: Royalty / cost pressures at San Vicente — management noted royalties were adjusted to reflect profit?sharing with Bolivia’s state miner (COMIBOL), which could modestly reduce local margins; the company also flagged cost challenges to watch. Pan American Silver (PAAS) Earnings Transcript

About Pan American Silver

(Get Free Report)

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.