Pan American Silver Corp.
In the published model solve dated 2026-Q2, anchored at $48.27, Pan American Silver Corp. (PAAS) is priced for +18.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
- The number that defines Pan American right now is all-in sustaining cost. Q1 2026 silver-segment AISC fell to $6.63 an ounce from $13.88, helped by low-cost Juanicipio ounces and by-product credits, which is what turns a rising silver price into surging cash. - At $49.00 the price pays about 15x company-wide operating income, implying roughly 14.7% annual operating growth for five years. About half of comparable fast-growers have sustained that pace, so the bet is plausible but not conservativ
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595 institutional managers reported holding PAAS in 13F filings for the quarter ended 2026-03-31. Together they hold about 56% of the company; the top 10 hold 24%. 107 opened new positions that quarter. Held by Vanguard Group, BlackRock, Jane Street, among others. On the short side, 3.7M shares were sold short as of the 2026-06-15 count, about 1.0% of shares outstanding (1 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
PAAS's share count grew 81.4% over the past five years. It pays a dividend, and has paid one every year in our records (10 and counting). Cash returned over the past three years: $450.80M in dividends.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.