Pan American Silver (PAAS): A Low-Beta Silver Miner Turning Metal Prices Into Shareholder Cash Maham Fatima Mon, November 9, 2026 at 1:04 PM EST 4 min read ^GSPC +2.29% ^IXIC +2.43% ^SOX +6.11% PAAS +2.70% SI=F +1.42% Trade PAAS on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Pan American Silver (NYSE:PAAS) lands at 7th on Forget the High-Beta Hype: 10 'Sleep Well at Night' Stocks to Buy Now, a list we just published.
Yahoo Finance reported that the S&P 500 fell more than 4% on Thursday, November 5, its worst day since the April 2025 tariff crash, erasing roughly $3 trillion in market value. The Nasdaq slid into a correction, and the PHLX Semiconductor Index dropped 12%, its worst session since March 2020.
The shock rippled well beyond one session, and Friday brought only partial relief. The S&P 500 closed at 7,376.86, up 0.31%, but the index was still on pace for its worst week since June. The VIX, Wall Street's fear gauge, settled at 25.64 after jumping as much as 70% a day earlier.
Yahoo Finance's Brian Sozzi noted that a one-day VIX surge of that size has happened only eight times since 1991. After those episodes, the S&P 500 averaged a gain of 3.0% one month later and 7.1% three months later. History leans against panic, yet it does little to smooth the ride for portfolios packed with fast-moving names. Those portfolios absorb the drawdowns first, and the drawdowns are what test an investor's patience.
That is why beta matters. Investopedia describes beta as an indicator of a stock's price volatility compared with the broader market, which carries a beta of 1.0 when measured by an index such as the S&P 500. A reading below one means the stock's price has been more stable than the market's, so a stock with a beta of 0.5 would have risen or fallen only half a percent when the index moved 1%. Investors weighing quality against momentum can find more ideas in our ranking of the best undervalued stocks to buy in October.
Investopedia explains that the forward price-to-earnings ratio divides a share price by the earnings per share analysts expect over roughly the next 12 months. It notes that no forward P/E is universally good because the ratio varies by industry, though a lower figure may suggest a stock is undervalued relative to its future earnings potential. Revenue growth of at least 5% adds a second test, since a low multiple on a shrinking business may simply mean it is cheap for a reason. Together, the two screens look for companies that are still growing at a modest price.
The recent selloff was concentrated in the AI and data-center trade, with chipmakers hit hardest and few places to hide for investors chasing momentum. Companies with little exposure to that spending sit in a different corner of the market, and precious metals producers are one such group. Our list of the best gold stocks according to analysts covers more of it.
Pan American Silver screened in with a beta of 0.72, a forward P/E of 9.46 and revenue growth of 17.72%, and it returned 8.40% over five days. It has a $17.04 billion market cap and had 41 hedge fund holders in Q2 2026.
Pan American Silver is turning strong metal prices into cash and handing a good share of it back. In the third quarter, it generated $377 million of attributable free cash flow and returned $300 million to shareholders through dividends and buybacks. Management said those returns are supported by cash generation over the first nine months and total available liquidity of $3.4 billion.
Costs are moving the right way in the silver business. Silver segment all-in sustaining costs came in at $11.21 per ounce, well below the level of a year earlier, and management expects the full-year figure toward the low end of its guidance range. Silver production also rose from last year, helped by a full quarter of output from the Juanicipio mine.
Growth projects add to the picture. Management expects the projects at La Colorada, Jacobina and Timmins to enhance production and lower the cost profile, creating long-term value for shareholders. The company can fund them while still paying out cash. A single-digit forward P/E and a modest beta mean the market is not asking much for that cash flow.
You can also read our analysis on Pan American Silver (PAAS) here: Pan American Silver (PAAS) Updates its Reserve Base. How Much Growth Reflects Better Mines?
While we acknowledge the potential of PAAS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Newmont (NEM) Faces Gold Above $4,500. Will Rising Costs Dilute the Windfall? and Barrick Mining (B) Has an IPO Catalyst. Newmont Corporation (NEM) Has the Cash. Which Gold Stock Wins?
This article is originally published at Insider Monkey.
