Pan American Silver PAAS
This picture changes. Follow Pan American Silver free — email when the signal or risk changes + a Sunday weekly brief.
Follow Pan American Silver freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Full analysis: 26 Jan 2026
Latest news check: 31 Jul 2026
General analysis — not personal advice.
HOLD
7/10
Confidence
Maintain the current position; avoid adding until there is clearer information on blockade status and any impact to guidance. Consider scaling in only after Investor Day (June 1) or once operations are confirmed to be normalizing.
Upside from strong cash flow and capital returns is balanced by elevated operational risk tied to the La Colorada blockade and commodity-price-driven volatility.
Market sentiment
6/10
↓
Trend: Declining
Sentiment has weakened in the near term due to a sell-the-news pullback and a new Mexico operational risk (La Colorada blockade), even as the longer-term case remains supported by strong liquidity, buybacks/dividend framework, and the La Colorada Skarn PEA.
Price context
The stock trades at 42.55 USD in a tight range between 41.50 and 45.30 USD since mid-July, 37.7 % below the 52-week high yet 59.6 % above the low. The level reflects consolidation ahead of the Q2 report without altering the broader setup.
Risk assessment
7/10
Dilution:
Low
Dilution risk remains low given strong liquidity/cash generation and ongoing buybacks, but the large planned La Colorada Skarn capex increases the importance of a clear funding plan (internal funding vs debt/partnering) before the risk can be assessed as
Jurisdiction:
Medium
Execution:
Low
Cash flow:
24 mo
Recent changes
- ▼ Sentiment dropped from 8 to 6 and the trend flipped from improving to declining, driven by a pullback and new operational risk tied to the La Colorada blockade.
The full analysis is open. Follow the company free for the full change history — and email next time the picture changes.
Show all changes (9) — follow the company free
Sector:
Silver och guld
Type:
Producer
Next report
12 Aug 2026
Q2
Catalysts
Unknown
Resolution of La Colorada blockade
High
Unknown
Gold price breakout above 5000 USD/oz
High
Unknown
Dividend increase
Low
Horizon:
Bull case
Strong cash flow and institutional inflows provide support ahead of the upcoming report.
Bear case
Downgraded earnings estimates and technical overvaluation signals pose near-term risks.
Signal rationale (informational)
Upside from strong cash flow and capital returns is balanced by elevated operational risk tied to the La Colorada blockade and commodity-price-driven volatility.
Recent news
- No new company-specific press releases have been published after 16 July 2026. Several institutions increased positions in late July and the Q2 report is due after market close on 12 August with a conference call the following day.
Price & valuation
Last close
USD 51.79
1 week
+7.4 %
3 months
-18.4 %
12 months
+64.0 %
From 52w high
-24.2 %
From 52w low
+70.7 %
Exchange
NYSE
Type
Producer
Sector
Silver och guld
This picture changes. Follow Pan American Silver free — email when the signal or risk changes + a Sunday weekly brief.
Follow 3 companies freeEmail when the signal or risk changes · Sunday weekly brief
No card · No time limit on free tier · Upgrade when you need more
Firelda provides general information and analysis, not personal investment advice. Content does not consider your financial situation or goals. Investments can rise and fall in value. Always do your own research.