Pan American Silver Corp. (PAAS) Up 6.2% — Is It Time to Go Long?
Key Points
Pan American Silver Corp. (PAAS) staged a strong advance in the latest session, with shares closing at $58.61, up 6.17% from the prior close of $55.20. That translates into the stock gaining $3.41 on the day, marking a clear display of bullish activity on the NYSE tape. Trading volume reached 5,100,379 shares, somewhat below the 90-day average of 6,512,848, suggesting that the latest upswing came without an unusually heavy surge in turnover. Even so, the price action stands out, as the stock is now trading decisively higher and extending its recent upward trend.
Today’s move also pushed PAAS firmly into fresh high ground. The stock now sits above its recent 52-week peak of $57.19 set on Jan. 13, 2026, underscoring strong momentum and an advancing technical profile. Trading above a previous annual high often reflects a market that is willing to reprice a name higher, and PAAS is currently gaining ground in that context. Within the precious metals and mining space, this latest rally places Pan American Silver among the stronger performers, as it shows more aggressive upside than many large-cap peers such as Southern Copper (SCCO), Newmont (NEM) and Agnico Eagle (AEM) in recent sessions. Overall, the price trajectory points to a stock that is surging to new levels and attracting attention with its sustained upside follow-through.
Why Pan American Silver Corp. Price is Moving Higher
Pan American Silver Corp. is climbing on a confluence of strong fundamentals and powerful sector tailwinds. The immediate catalyst has been the sharp move higher in gold and silver prices, which directly boosts revenue and margins for a large precious metals producer. That upside leverage is already showing in the numbers: revenue is growing at a robust 19.34% pace and profit margin sits at a healthy 19.48%, underscoring improving operational performance. Investors are rewarding that execution, with the stock surging 6.38% on Jan. 20 and recently touching a 52-week high on the TSE. The move is being reinforced by favorable analyst action, including a higher price target from BofA and a bullish Zacks call highlighting 66% expected EPS growth to $3.67 in 2026, supported by a forward P/E of 15.3 and a low PEG of 0.34 that positions PAAS as a value-oriented growth play.
Momentum is also being driven by company-specific catalysts that strengthen the growth narrative relative to other materials and precious metals names such as Southern Copper, Newmont and Agnico Eagle. The MAG Silver acquisition is expected to lift production volumes, enhancing Pan American’s sensitivity to rising metal prices and supporting record free cash flow commentary from recent research coverage. With Q4 earnings scheduled for February 18, investors appear to be positioning ahead of potential confirmation of these trends. Strong trading activity, a rising 50-day moving average and a series of fresh highs on both the NYSE and TSE are reinforcing bullish sentiment, as the market increasingly prices in sustained earnings expansion and cash generation.
What is the Pan American Silver Corp. Rating - Should I Buy?
Weiss Ratings assigns PAAS a B rating. Current recommendation is Buy. This places Pan American Silver Corp. in the stronger tier of its Materials sector, indicating an overall favorable balance between opportunity and risk for investors who can tolerate some price swings.
A key strength for PAAS is the Excellent Growth Index, backed by revenue growth of 19.34% and a profit margin of 19.48%. That combination signals a company expanding its top line while maintaining solid profitability. The Good Efficiency Index, supported by an 11.29% return on equity, shows management is generating reasonable returns on shareholder capital, even with a relatively elevated forward P/E ratio of 32.06 that prices in continued progress.
On the risk side, the Excellent Solvency Index indicates a strong financial foundation, a positive factor in a cyclical, commodity-sensitive industry. However, the Fair Volatility Index means investors should be prepared for moderate price fluctuations, in line with many mining names. The Weak Dividend Index suggests that income-focused investors may find better yield elsewhere, but for growth-oriented holders, this is a secondary consideration within the overall B (Buy) profile.
Compared with sector peers, Pan American Silver Corp. sits in competitive territory. Its B rating aligns it with Southern Copper Corporation (SCCO, B), Newmont Corporation (NEM, B) and Agnico Eagle Mines Limited (AEM, B). For investors seeking exposure to precious metals with an emphasis on growth, PAAS offers a relatively attractive, well-rated option within its peer group.
About Pan American Silver Corp.
Pan American Silver Corp. is a leading precious metals producer focused primarily on silver and gold within the global materials industry. Headquartered in Canada, the company operates a diversified portfolio of mining assets across key jurisdictions in the Americas, including Mexico, Peru, Bolivia, Argentina, Brazil and Canada. Its activities span the full mining lifecycle — from exploration and project development to extraction, processing, refining and reclamation — giving Pan American Silver an integrated presence across the precious metals value chain. The company’s core products are silver and gold, complemented by by-product production of base metals such as zinc, lead and copper, which can enhance project economics and operational flexibility.
Within the Materials sector, Pan American Silver is recognized for its scale, long-lived assets and technical expertise in underground and open-pit mining. The company emphasizes operational efficiency, disciplined project development and rigorous safety and environmental standards, which can support continuity of production across varying commodity price environments. Its broad geographic footprint and multi-mine platform help reduce reliance on any single operation, providing diversification by ore body, mining method and regulatory regime. In addition, Pan American Silver maintains an active pipeline of exploration and brownfield expansion opportunities around existing mines, aiming to extend mine lives and optimize resource recovery. This combination of established operations, experienced technical teams and a sizable resource base underpins Pan American Silver’s position as one of the more prominent precious metals producers in the materials industry.
Investor Outlook
With a B (Buy) Weiss Rating, Pan American Silver Corp. (PAAS) appears favorably positioned for investors seeking exposure to the Materials space with an eye on potential for continued gains. From here, the key will be how the stock behaves around recent price inflection areas and how broader commodity and precious metals trends evolve, as these factors could influence any future rating changes. See full rankings of all B-rated Materials stocks inside the Weiss Stock Screener.
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