Pan American Silver (NYSE:PAAS) Upgraded by Zacks Research to "Strong-Buy" Rating

Key Points

• Zacks Research upgraded Pan American Silver (PAAS) from "hold" to "strong-buy", joining other broker action that leaves the consensus at a Moderate Buy with an average price target of $56.60.
• The company beat quarterly expectations with EPS $1.11 vs. $0.90 and revenue $1.18B (up 44.7% year‑over‑year), showing strong margins (net margin ~27.1%) and solid profitability metrics.
• Operationally Pan American raised output (~8% in 2025) and is targeting up to ~27M oz for 2026 driven by Juanicipio and La Colorada, though the revised La Colorada PEA relies partly on inferred resources, increasing project risk.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS was upgraded by Zacks Research from a "hold" rating to a "strong-buy" rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other equities analysts have also issued reports on PAAS. Bank of America lifted their target price on shares of Pan American Silver from $46.00 to $51.00 and gave the company a "buy" rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Pan American Silver in a research report on Monday, December 29th. Jefferies Financial Group lowered their price objective on Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a research note on Wednesday, January 21st. Scotiabank boosted their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an "outperform" rating in a report on Monday, January 26th. Finally, Wall Street Zen raised Pan American Silver from a "buy" rating to a "strong-buy" rating in a research note on Sunday, February 22nd. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Pan American Silver currently has an average rating of "Moderate Buy" and an average price target of $56.60.

Pan American Silver Stock Up 3.3%

Shares of Pan American Silver stock opened at $51.51 on Tuesday. Pan American Silver has a 1 year low of $20.55 and a 1 year high of $69.99. The firm has a market cap of $21.73 billion, a price-to-earnings ratio of 20.60, a PEG ratio of 0.41 and a beta of 0.62. The company has a 50-day moving average of $58.69 and a 200 day moving average of $48.08. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.69 and a quick ratio of 1.97.

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

Hedge Funds Weigh In On Pan American Silver

Several hedge funds and other institutional investors have recently modified their holdings of PAAS. Parallel Advisors LLC boosted its stake in shares of Pan American Silver by 151.8% in the 3rd quarter. Parallel Advisors LLC now owns 642 shares of the basic materials company's stock worth $25,000 after buying an additional 387 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Pan American Silver during the fourth quarter valued at $34,000. Rothschild Investment LLC bought a new position in Pan American Silver in the third quarter valued at about $36,000. City State Bank lifted its holdings in Pan American Silver by 74.4% in the third quarter. City State Bank now owns 1,020 shares of the basic materials company's stock valued at $40,000 after acquiring an additional 435 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares during the last quarter. 55.43% of the stock is owned by institutional investors.

Trending Headlines about Pan American Silver

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

• Positive Sentiment: Revised PEA positions La Colorada as a potential top‑tier, low‑cost silver mine; management expects to fund development from internal cash flow and is preparing for construction, which supports long‑term growth and production guidance. Article Title
• Positive Sentiment: Jefferies says the revised La Colorada development plan meaningfully reduces project risk while preserving scale; the firm reiterated a Hold rating with a $66 price target, giving investors an independent validation of the plan’s de‑risking. Article Title
• Positive Sentiment: Zacks added PAAS to its Rank #1 (Strong Buy) list, which can attract momentum investors and contribute to positive sentiment. Article Title
• Positive Sentiment: Operational update: Pan American boosted silver output ~8% in 2025 and is targeting up to ~27M oz for 2026, driven by Juanicipio and La Colorada, supporting nearer‑term cash flows that could fund expansion. Article Title
• Neutral Sentiment: Peer comparison: Coverage contrasting Hecla Mining (HL) and PAAS highlights competitive dynamics—Hecla’s rising output and pipeline are noted as strengths, which keeps relative valuation and market share comparisons relevant. Article Title
• Negative Sentiment: The Revised PEA incorporates a portion of inferred resources from the La Colorada vein and other high‑grade portions—reliance on inferred resources increases geological and development uncertainty until they are converted to higher confidence categories. Article Title

About Pan American Silver

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.

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