PAAS
Pan American Silver Corp. · Basic Materials
55.96
0.34%(+0.19)
Prev. Close56.75
1.41%(+0.79)
Pre-marketLast Updated: — ET
52W L: $21.4552W H: $69.99
$56.08
CHG-0.95 (-1.67%)
H$64.18
L$43.08
VOL133M
PAAS (1h)
Pan American Silver Corp. · Basic Materials
Despite the wicked sell-off in silver and gold this year, Pan American Silver continued to benefit from significantly higher prices in Q1 versus Q4 FY25. Today I'll take a fresh look at the company, including excellent exploration results at the world-class 100% owned La Colorada mine in Mexico. I'll also present commentary on the company's 2026 guidance and review Q1 earnings estimates (the Q1 report is due out May 5th, after the market closes).
Gold mining stocks were reaching for new heights in Q1 2026, but their quest got derailed as uncertainty arose about the outlook. The war in the Middle East can cause all sorts of problems for gold and gold miners, something likely to continue in Q2 2026. While an oil crisis is a short-term headwind for gold and gold miners, the long-term impact could be more positive for both.
Stratos Wealth Advisors LLC cut its stake in shares of Pan American Silver Corp. (NYSE: PAAS) (TSE: PAAS) by 31.3% in the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,889 shares of the basic materials company's stock after selling 28,232
Pan American Silver (PAAS) closed the most recent trading day at $55.58, moving +1.74% from the previous trading session.
I am shifting capital allocation toward scarcity-driven assets like energy, metals, infrastructure, and defense, as the abundance trade in software faces structural disruption from AI. My TOLL framework prioritizes companies with hard assets, durable competitive moats, and long-duration cash flows that are less vulnerable to AI-driven commoditization. Key investment themes include nuclear utilities (VST, CEG), copper producers (FCX), gold/silver streamers (FNV, WPM), grid/infrastructure suppliers (ETN, FIX), and defense/aerospace leaders (RTX, TDG).
PAAS posts a record $1.15B free cash flow in 2025 and boosts dividends, as rising silver output and prices set the stage for another strong year ahead.
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