PA2.F
Pan American Silver Corp.
FrankfurtEUREQUITY
Basic Materials
DELAYED
Last price
45.42
▲ 1.11 (2.51%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
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Both series are rebased to 0% at the left edge, so the lines show relative performance rather than price.
Tool
1D
—
H —
L —
Range —
Vol —
vs
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
44.81
Prev close
44.31
Day high
45.78
Day low
44.78
Volume
4.90K
Market cap
$18.83B
P/E (TTM)
15.72
52W range
27.80 – 60.98
Day trading desk
Gap from prior close
+1.13%
Prior close 44.31
VWAP
45.34
+0.17% from price
Relative volume
3.43×
Unusually busy
Session range
2.23%
44.78 – 45.78
Position in range
64%
Mid range
ATR (14D)
1.94
4.26% of price
Prior day high
44.59
PDH
Prior day low
42.69
PDL
Bid / ask spread
—
Quote not published
Session volume
9.32K
Avg 2.71K
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
+10.75%
+12.1%
1M
+17.97%
+14.2%
3M
-3.93%
-7.0%
6M
-17.57%
-28.6%
YTD
-1.26%
-13.5%
1Y
+63.38%
+43.4%
3Y
+204.32%
+130.2%
5Y
+109.21%
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on PA2.F open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
271.10K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 4, 26 | Pan American Silver Corp. Issuer |
— | 63.60K | — | Direct |
| Jul 31, 26 | Pan American Silver Corp. Issuer |
— | 89.40K | — | Direct |
| Jul 31, 26 | Pan American Silver Corp. Issuer |
BUY | 63.60K | $2.74M | Direct |
| Jul 30, 26 | Pan American Silver Corp. Issuer |
— | 85.47K | — | Direct |
| Jul 30, 26 | Pan American Silver Corp. Issuer |
BUY | 89.40K | $3.87M | Direct |
| Jul 29, 26 | Pan American Silver Corp. Issuer |
— | 63.60K | — | Direct |
| Jul 29, 26 | Pan American Silver Corp. Issuer |
BUY | 85.47K | $3.64M | Direct |
| Jul 28, 26 | Pan American Silver Corp. Issuer |
— | 86.70K | — | Direct |
| Jul 28, 26 | Pan American Silver Corp. Issuer |
BUY | 63.60K | $2.74M | Direct |
| Jul 27, 26 | Pan American Silver Corp. Issuer |
— | 87.90K | — | Direct |
| Jul 27, 26 | Pan American Silver Corp. Issuer |
BUY | 86.70K | $3.83M | Direct |
| Jul 24, 26 | Pan American Silver Corp. Issuer |
— | 62.30K | — | Direct |
| Jul 24, 26 | Pan American Silver Corp. Issuer |
BUY | 87.90K | $3.89M | Direct |
| Jul 23, 26 | Pan American Silver Corp. Issuer |
— | 85.70K | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
Andrews (Matthew Robert) |
Senior Officer of Issuer | 31.25K | Exercise of rights |
Busby, Steven |
Senior Officer of Issuer | 111.57K | Acquisition or disposition in the public market |
De Gelder (Neil) |
Director of Issuer | 39.89K | Acquisition or disposition in the public market |
Drier (Ibtissam) |
Senior Officer of Issuer | 20.11K | Exercise of options |
Fisher, Delaney Joseph |
Senior Officer of Issuer | 22.09K | Acquisition or disposition in the public market |
Lemon (Christopher) |
Senior Officer of Issuer | 17.25K | Acquisition or disposition in the public market |
Mcaleer, Sean |
Senior Officer of Issuer | 21.91K | Acquisition or disposition in the public market |
Steinmann, Michael |
Director of Issuer | 107.61K | Exercise of rights |
Wafforn (Martin G) |
Senior Officer of Issuer | 31.11K | Acquisition or disposition in the public market |
Winckler (Gillian D) |
Director of Issuer | 15.71K | Acquisition or disposition in the public market |
Fundamentals
Market cap$18.83B
Enterprise value$18.08B
Revenue (TTM)$4.31B
Gross profit$2.41B
EBITDA$2.12B
Net income$1.38B
EPS (TTM)$2.89
Free cash flow$1.32B
Total cash$1.70B
Total debt$841.00M
Book value / share$15.28
Shares outstanding414.62M
Float416.70M
Short % of float—
Dividend yield1.40%
Beta (5Y)1.55
Valuation & profitability ratios
Trailing P/E15.72
Forward P/E20.55
PEG ratio—
Price / sales—
Price / book2.97
EV / revenue4.19
EV / EBITDA8.51
Gross margin55.87%
Operating margin37.81%
Profit margin32.03%
Return on equity22.41%
Return on assets11.77%
Debt / equity11.43
Current ratio2.94
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $3.62B | $2.82B | $2.32B | $1.49B | +28.4% |
| Operating revenue | $3.62B | $2.82B | $2.32B | $1.49B | +28.4% |
| Cost of revenue | $2.21B | $2.27B | $2.02B | $1.45B | -2.5% |
| Gross profit | $1.41B | $549.00M | $296.80M | $48.40M | +155.9% |
| Selling, general & admin | $116.00M | $70.00M | $61.40M | $29.00M | +65.7% |
| Total operating expense | $267.00M | $199.00M | $214.10M | $114.70M | +34.2% |
| Operating income | $1.14B | $350.00M | $82.70M | -$66.30M | +225.1% |
| Net interest income | -$58.00M | -$54.00M | -$57.20M | -$7.70M | -7.4% |
| Pre-tax income | $1.24B | $432.00M | -$58.80M | -$301.00M | +186.6% |
| Tax provision | $258.00M | $319.00M | $46.10M | $39.10M | -19.1% |
| Net income | $978.00M | $112.00M | -$103.70M | -$341.70M | +773.2% |
| Net income to common | $978.00M | $112.00M | -$103.70M | -$341.70M | +773.2% |
| Basic EPS | 2.56 | 0.31 | -0.32 | -1.62 | +725.8% |
| Diluted EPS | 2.56 | 0.31 | -0.32 | -1.62 | +725.8% |
| EBIT | $1.29B | $480.00M | -$7.40M | -$295.70M | +169.4% |
| EBITDA | $1.79B | $1.05B | $476.80M | $20.30M | +70.3% |
| Basic shares | 381.48M | 363.36M | 326.54M | 210.52M | +5.0% |
| Diluted shares | 381.58M | 363.40M | 326.54M | 210.52M | +5.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.22B | $863.00M | $399.60M | $107.00M | — | +40.8% |
| Cash & short-term investments | $1.32B | $887.00M | $440.90M | $142.30M | — | +48.7% |
| Accounts receivable | $232.00M | $165.00M | $138.00M | $136.60M | — | +40.6% |
| Inventory | $588.00M | $606.00M | $711.60M | $471.60M | — | -3.0% |
| Total current assets | $2.20B | $1.72B | $1.39B | $804.40M | — | +27.7% |
| Property, plant & equipment | $5.34B | $5.33B | $5.68B | $2.23B | — | +0.2% |
| Goodwill & intangibles | — | — | — | $2.77M | $2.77M | — |
| Total assets | $9.74B | $7.20B | $7.21B | $3.25B | — | +35.2% |
| Total current liabilities | $817.00M | $687.00M | $624.20M | $380.80M | — | +18.9% |
| Current debt | $5.00M | $7.00M | $6.70M | $13.70M | — | -28.6% |
| Long-term debt | $709.00M | $702.00M | $697.00M | $180.00M | — | +1.0% |
| Total debt | $852.00M | $804.00M | $801.60M | $226.80M | — | +6.0% |
| Total liabilities | $2.74B | $2.49B | $2.44B | $1.05B | — | +10.3% |
| Retained earnings | -$513.00M | -$1.30B | -$1.27B | -$1.03B | — | +60.5% |
| Shareholder equity | $7.00B | $4.70B | $4.76B | $2.20B | — | +48.7% |
| Working capital | $1.38B | $1.03B | $765.80M | $423.60M | — | +33.5% |
| Net tangible assets | $7.00B | $4.70B | $4.76B | $2.20B | — | +48.7% |
| Shares issued | 421.85M | 363.04M | 364.66M | 210.68M | — | +16.2% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $980.00M | $113.00M | -$104.90M | -$340.10M | +767.3% |
| Depreciation & amortisation | $497.00M | $571.00M | $484.20M | $316.00M | -13.0% |
| Stock-based compensation | $2.00M | $0 | $5.50M | $3.90M | — |
| Change in working capital | -$29.00M | -$103.00M | $53.20M | -$42.00M | +71.8% |
| Operating cash flow | $1.33B | $724.00M | $450.20M | $31.80M | +84.1% |
| Capital expenditure | -$314.00M | -$323.00M | -$379.00M | -$274.70M | +2.8% |
| Investing cash flow | -$706.00M | -$33.00M | $397.90M | -$255.40M | -2,039.4% |
| Share buybacks | -$46.00M | -$24.00M | $0 | — | -91.7% |
| Dividends paid | -$175.00M | -$145.00M | -$130.40M | -$94.70M | -20.7% |
| Financing cash flow | -$278.00M | -$225.00M | -$551.80M | $53.00M | -23.6% |
| Free cash flow | $1.02B | $401.00M | $71.20M | -$242.90M | +154.1% |
| End cash position | $1.22B | $863.00M | $399.60M | $107.00M | +40.8% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $1.15B | $1.18B | $854.60M | $811.90M | $773.00M | -2.1% |
| Operating revenue | $1.15B | $1.18B | $854.60M | $811.90M | $773.00M | -2.1% |
| Cost of revenue | $546.00M | $611.40M | $541.60M | $538.60M | $522.00M | -10.7% |
| Gross profit | $608.00M | $567.90M | $313.00M | $273.30M | $251.00M | +7.1% |
| Selling, general & admin | $39.00M | $38.50M | $31.40M | $21.60M | $25.00M | +1.3% |
| Total operating expense | $48.00M | $114.60M | $62.70M | $45.10M | $37.00M | -58.1% |
| Operating income | $560.00M | $453.30M | $250.30M | $228.20M | $214.00M | +23.5% |
| Net interest income | -$24.00M | -$15.90M | -$14.60M | -$14.50M | -$20.00M | -50.9% |
| Pre-tax income | $641.00M | $540.60M | $249.10M | $234.40M | $214.00M | +18.6% |
| Tax provision | $185.00M | $88.70M | $79.90M | $44.80M | $45.00M | +108.6% |
| Net income | $457.00M | $451.50M | $168.60M | $189.20M | $169.00M | +1.2% |
| Net income to common | $457.00M | $451.50M | $168.60M | $189.20M | $169.00M | +1.2% |
| Basic EPS | 1.08 | 1.07 | 0.45 | 0.52 | 0.47 | +0.9% |
| Diluted EPS | 1.08 | 1.07 | 0.44 | 0.52 | 0.47 | +0.9% |
| EBIT | $665.00M | $557.80M | $263.30M | $246.30M | $234.00M | +19.2% |
| EBITDA | $778.00M | $692.50M | $383.80M | $368.70M | $353.00M | +12.3% |
| Basic shares | 421.85M | 422.05M | 378.82M | 362.01M | 362.41M | -0.0% |
| Diluted shares | 421.93M | 422.15M | 378.91M | 362.12M | 362.52M | -0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.50B | $1.22B | $870.20M | $1.08B | $900.10M | +23.0% |
| Cash & short-term investments | $1.61B | $1.32B | $910.80M | $1.11B | $923.00M | +22.4% |
| Accounts receivable | $212.00M | $232.00M | $206.70M | $160.60M | $171.80M | -8.6% |
| Inventory | $650.00M | $588.00M | $587.20M | $603.40M | $594.60M | +10.5% |
| Total current assets | $2.54B | $2.20B | $1.77B | $1.95B | $1.76B | +15.9% |
| Property, plant & equipment | $5.30B | $5.34B | $5.28B | $5.26B | $5.29B | -0.7% |
| Total assets | $10.13B | $9.74B | $9.15B | $7.36B | $7.21B | +4.0% |
| Total current liabilities | $896.00M | $817.00M | $766.40M | $637.90M | $600.90M | +9.7% |
| Current debt | $4.00M | $5.00M | $6.00M | $6.80M | $6.80M | -20.0% |
| Long-term debt | $712.00M | $709.00M | $707.00M | $704.80M | $703.40M | +0.4% |
| Total debt | $845.00M | $852.00M | $857.00M | $820.70M | $804.40M | -0.8% |
| Total liabilities | $2.78B | $2.74B | $2.52B | $2.39B | $2.38B | +1.3% |
| Retained earnings | -$149.00M | -$513.00M | -$898.70M | -$1.02B | -$1.17B | +71.0% |
| Shareholder equity | $7.35B | $7.00B | $6.62B | $4.96B | $4.82B | +5.1% |
| Working capital | $1.65B | $1.38B | $1.01B | $1.31B | $1.16B | +19.6% |
| Net tangible assets | $7.35B | $7.00B | $6.62B | $4.96B | $4.82B | +5.1% |
| Shares issued | 421.42M | 421.85M | 422.04M | 361.78M | 362.19M | -0.1% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $456.00M | $451.90M | $169.20M | $189.60M | $169.00M | +0.9% |
| Depreciation & amortisation | $113.00M | $134.70M | $120.50M | $122.40M | $119.00M | -16.1% |
| Stock-based compensation | $0 | $200.00K | $600.00K | $200.00K | $1.00M | -100.0% |
| Change in working capital | -$29.00M | $35.10M | -$4.30M | $5.50M | -$62.00M | -182.6% |
| Operating cash flow | $505.00M | $556.10M | $308.70M | $293.40M | $177.00M | -9.2% |
| Capital expenditure | -$105.00M | -$94.50M | -$91.10M | -$60.30M | -$68.00M | -11.1% |
| Investing cash flow | -$95.00M | -$123.40M | -$462.00M | -$52.70M | -$61.00M | +23.0% |
| Share buybacks | -$25.00M | -$14.90M | $0 | -$11.10M | -$20.00M | -67.8% |
| Dividends paid | -$76.00M | -$59.20M | -$43.40M | -$36.20M | -$36.00M | -28.4% |
| Financing cash flow | -$130.00M | -$89.70M | -$57.10M | -$61.30M | -$79.00M | -44.9% |
| Free cash flow | — | — | — | — | $109.00M | — |
| End cash position | $1.50B | $1.22B | $870.20M | $1.08B | $900.00M | +23.0% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | — | — | $1.07B | +24.9% |
| Next quarter | — | — | $1.11B | -5.6% |
| Current year | — | — | $4.57B | +26.2% |
| Next year | — | — | $4.86B | +6.4% |
Analyst targets & ownership
Mean target—
High target—
Low target—
Implied upside—
Analyst count—
ConsensusNONE
Strong buy / Buy— / —
Hold—
Sell / Strong sell— / —
Held by insiders0.07%
Held by institutions61.44%
Institutions holding926
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
43.12
+5.34% from price
SMA 20
41.27
+10.06% from price
SMA 50
40.33
+12.63% from price
SMA 100
43.69
+3.95% from price
SMA 200
44.27
+2.61% from price
EMA 12
42.55
+6.75% from price
EMA 26
41.47
+9.52% from price
EMA 50
41.49
+9.47% from price
RSI (14)
62.5
Neutral
MACD (12,26,9)
1.08
Hist 0.31
ATR (14)
1.94
4.26% of price
Realised vol 30D
54.9%
Annualised
Bollinger upper
46.91
20, 2σ
Bollinger lower
35.63
20, 2σ
50 / 200 cross
Death
40.33 vs 44.27
Trend bias
Above 200
+2.61%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.24
Less volatile than market
Correlation to SPY
0.05
Largely independent
Realised vol 30D
54.9%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-37.3%
Peak to trough
Max drawdown 5Y
-59.4%
Peak to trough
ATR 14
1.94
4.26% of price
Beta (reported)
1.55
5Y monthly, from filing
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Jul 9, 26 | B of A Securities | MAINTAINED | Buy | Buy |
| Jul 6, 26 | Jefferies | MAINTAINED | Hold | Hold |
| May 12, 26 | TD Cowen | UPGRADE | Hold | Buy |
| Apr 28, 26 | RBC Capital | MAINTAINED | Outperform | Outperform |
| Jan 26, 26 | Scotiabank | MAINTAINED | Sector Outperform | Sector Outperform |
| Jan 21, 26 | Jefferies | MAINTAINED | Hold | Hold |
| Dec 1, 25 | B of A Securities | MAINTAINED | Buy | Buy |
| Oct 23, 25 | Scotiabank | MAINTAINED | Sector Outperform | Sector Outperform |
| Oct 10, 25 | CIBC | MAINTAINED | Outperformer | Outperformer |
| Sep 5, 25 | Scotiabank | MAINTAINED | Sector Outperform | Sector Outperform |
| Jul 15, 25 | CIBC | MAINTAINED | Outperformer | Outperformer |
| May 13, 25 | CIBC | MAINTAINED | Outperformer | Outperformer |
Dividends & splits
Forward rate$0.64 / yr
Forward yield1.40%
5-year avg yield1.87%
Payout ratio18.34%
Ex-dividend dateAug 24, 2026
Next pay date—
Last split—
Split date—
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