Pan American Silver (NYSE:PAAS) Stock Rating Upgraded by TD Cowen

Posted by George Bondi on May 12th, 2026

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) was upgraded by analysts at TD Cowen from a “hold” rating to a “buy” rating in a research note issued on Tuesday,Benzinga reports. The firm currently has a $72.00 target price on the basic materials company’s stock, up from their prior target price of $67.00. TD Cowen’s target price points to a potential upside of 15.06% from the stock’s current price.

Several other brokerages have also weighed in on PAAS. Scotiabank increased their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research report on Monday, January 26th. Royal Bank Of Canada restated an “outperform” rating and set a $75.00 price target on shares of Pan American Silver in a research report on Tuesday, April 28th. Zacks Research cut shares of Pan American Silver from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 22nd. TD Securities upgraded shares of Pan American Silver from a “hold” rating to a “buy” rating and set a $72.00 price objective on the stock in a research report on Monday. Finally, Jefferies Financial Group reduced their target price on shares of 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. Eight research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $68.00.

Read Our Latest Stock Analysis on Pan American Silver

Pan American Silver Stock Performance

Shares of PAAS stock traded up $0.28 on Tuesday, hitting $62.57. 721,797 shares of the stock traded hands, compared to its average volume of 7,492,017. The company’s fifty day moving average is $56.26 and its 200 day moving average is $52.00. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.84 and a quick ratio of 2.11. Pan American Silver has a 1-year low of $22.08 and a 1-year high of $69.99. The company has a market capitalization of $26.37 billion, a PE ratio of 20.11, a PEG ratio of 0.49 and a beta of 0.65.

Pan American Silver (NYSE:PAAS – Get Free Report) (TSE:PAAS) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.03. Pan American Silver had a net margin of 31.66% and a return on equity of 19.50%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm earned $0.42 EPS. The company’s revenue for the quarter was up 49.3% compared to the same quarter last year. On average, equities research analysts predict that Pan American Silver will post 4.45 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Pan American Silver

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp lifted its holdings in Pan American Silver by 51.8% in the third quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after purchasing an additional 15,405,762 shares during the period. Norges Bank acquired a new position in Pan American Silver during the 4th quarter valued at about $303,611,000. First Eagle Investment Management LLC bought a new stake in shares of Pan American Silver during the 3rd quarter worth about $178,004,000. FIL Ltd lifted its stake in shares of Pan American Silver by 154.7% in the 4th quarter. FIL Ltd now owns 7,307,777 shares of the basic materials company’s stock worth $378,872,000 after acquiring an additional 4,438,478 shares during the period. Finally, Capital International Investors acquired a new stake in shares of Pan American Silver in the 4th quarter worth approximately $215,484,000. 55.43% of the stock is currently owned by institutional investors.

Pan American Silver Company Profile

(Get Free Report)

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.