PAAS · NYSE · STOCK
Pan American Silver (PAAS) Stock Analysis
$46.27
52W $33.08 – $69.99
61/100
$19.50B
14.0
1.58
Is PAAS Bullish or Bearish?
Bullish.
Innellis AI committee rates Pan American Silver Corp. (PAAS) Buy with a composite score of 61/100
, based on 6 analysts with 67% agreement.
Last updated October 10, 2026.
What Would Change This View
- Upgrade to Strong Buy
- Requires a committee score of 75.0 — +14.40 from today. Applies on the first day at or above the line; upgrades are never dampened.
- Downgrade to Watch
- Requires the score to fall below 55.0 — -5.60 from today. The band boundary is 60.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.
Executive Summary
The committee is genuinely divided. Value Analyst sees a compelling case — p/e of 13.6 is inexpensive for the broad market. Portfolio Manager remains cautious — sector concentration is already high (hhi 2796.97). This disagreement is itself the signal — the setup is not clean in either direction.
Bull & Bear Case
Bull Case
- P/E of 13.6 is inexpensive for the broad market — Value
- ROE of 19.5% shows genuine earnings power backing the valuation — Value
- Dividend yield of 2.7% pays you to wait — Value
- Revenue growing 38.4% YoY -- genuine top-line momentum — Growth
- EPS growing 130.1% YoY — Growth
- Low leverage (debt-to-equity 0.12) -- balance sheet can absorb a shock — Risk
Bear Case
- Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
- Price structure making lower highs and lower lows — Technical
- MACD histogram negative -- bearish momentum — Technical
- Trend and market structure agree -- coherent bearish picture — Technical
- Daily trend (downtrend) conflicts with the weekly trend (uptrend) -- fighting the larger trend — Technical
- Bollinger bandwidth of 15.9% signals elevated volatility — Risk
Both cases are generated from quantitative data signals, not qualitative or
forward-looking judgement. They summarise what the numbers say today.
Price History (6M)
AI Investment Committee
Committee Consensus
As of October 10, 2026
Overall Committee Score
61/100
Agreement
67%
Analysts
6
Conviction
Moderate
Sector Rank
Top 24%
of 99 Basic Materials peers
Value Analyst
bullish
70
/ 100 · High confidence
Classic value case: cheap on multiples with earnings power to back it up
+ P/E of 13.6 is inexpensive for the broad market
Growth Analyst
bullish
68
/ 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 38.4% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst
bearish
39
/ 100 · High confidence
Price action is deteriorating -- trend and/or momentum are working against this name
− Price structure making lower highs and lower lows
Risk Analyst
neutral
58
/ 100 · Moderate confidence
Moderate risk -- no single red flag, but nothing that clearly de-risks the position either
+ Low leverage (debt-to-equity 0.12) -- balance sheet can absorb a shock
− Bollinger bandwidth of 15.9% signals elevated volatility
Macro Analyst
bullish
65
/ 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst
bullish
64
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 15 articles, 14d)
Portfolio Manager
bearish
30
/ 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
Investment Thesis Evolution
Committee score moved marginally from 60.6 to 60.6.
- New bearish signals: 1 appeared.
- Bullish support removed: 1 signal(s) disappeared.
- New bullish signals: 1 appeared.
- Bearish pressure eased: 1 signal(s) disappeared.
Analyst-level changes:
- Risk Analyst: +1 bearish signal(s).
- Value Analyst: +1 bullish signal(s).
Comparing 2026-10-09 to 2026-10-10 (1 day apart).
Technical Analysis
RSI (14)
48.9
Neutral
MACD Histogram
-0.132
Bearish Momentum
Trend Direction
Downtrend
Weekly: Uptrend
Market Structure
Lh Ll
Support
$45.94
Resistance
$55.83
Bollinger %B
0.39
Inside Bands
Price vs Moving Averages
EMA 9
$45.87
Above
EMA 21
$47.06
Below
EMA 50
$48.11
Below
EMA 200
$48.33
Below
Fundamental Analysis
Valuation
94
Growth
60
Profitability
83
Financial Health
100
Cash Flow
70
Valuation
P/E Ratio
14.0×
P/B Ratio
2.65×
PEG Ratio
0.11
Dividend Yield
1.48%
52W High
$69.99
52W Low
$33.08
Quality & Growth
ROE
1424.8%
ROA
1023.3%
Gross Margin
4456.7%
Operating Margin
3917.5%
Revenue Growth YoY
—
Debt / Equity
0.11
AI Fundamental Assessment
P/E ratio of 14.0 (inexpensive relative to a 15-40x range); Price-to-book of 2.6x; PEG ratio of 0.1 (under 1.0 suggests growth is undervalued relative to price); Return on equity of 14.2%; Return on assets of 10.2%; Net margin of 32.1%; Gross margin of 44.6%; Current ratio of 2.94 (healthy short-term liquidity); Debt-to-equity of 0.11; Free cash flow per share is positive (3.65); Most recent quarter missed estimates by 31.2%; EPS growth decelerating (-1.8% -> -33.0% QoQ); Average YoY EPS growth of 69.8%; Analyst estimates rising over recent quarters
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