PAAS vs AG vs B Stock Comparison

Pan American Silver, First Majestic Silver and Barrick Mining Prices as of Nov 2, 2026 Peers: Industry group
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B Barrick Mining Corp
$37.97 -5.6% 1M +15.8% 1Y
Market cap
$68.17B
P/E
10.4x
Revenue (TTM)
$20.66B
Div. yield
0.01%
Gold Basic Materials
9 wins

Head to Head

11 decided of 12

Barrick Mining leads on 9 of the 12 questions below (Barrick Mining 9, First Majestic Silver 1, Pan American Silver 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASAGBLeader
Larger companyMarket capitalisation $15.62B $7.31B $68.17B B
Cheaper on earningsLower P/E, profitable companies only 11,307x 21.0x 10.4x B
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.0x 17.4x 9.9x B
Faster revenue growthRevenue growth, trailing twelve months +2.3% +98.5% +49.4% AG
More profitableNet margin, trailing twelve months 0.0% 21.2% 31.6% B
Better return on capitalReturn on invested capital 0.0% 12.0% 24.8% B
Less leveragedLower net debt / EBITDA -4.4x -0.9x -0.1x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.01% –
Better 1-year returnPrice return, last 12 months +10.5% +12.1% +15.8% B
Better 5-year returnAnnualised price return, 5 years +8.6%/yr +2.4%/yr +15.3%/yr B
Less volatileAnnualised volatility, 1 year 58.5% 74.2% 47.3% B
Higher overall scoreMean of the five percentile scores vs peers 66/100 73/100 79/100 B

Percentile Scorecard

PAASAGB

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisPAASAGB
Valuation 54 #77 of 165 77 #39 of 165 87 #23 of 165
Growth 76 #37 of 150 99 #2 of 150 92 #13 of 150
Profitability 48 #64 of 122 84 #20 of 122 93 #9 of 122
Financial Health 86 #25 of 166 71 #49 of 166 53 #79 of 166
Shareholder Returns 69 #34 of 107 36 #69 of 107 70 #33 of 107
Overall 66 73 79
  • PAAS ranked among 177 companies in Metals and Mining
  • AG ranked among 177 companies in Metals and Mining
  • B ranked among 177 companies in Metals and Mining

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodPAASAGBSPY
1 month -14.5%-19.1%-5.6% -2.3%
3 months -11.0%-8.9%+1.7% -0.7%
6 months -23.9%-26.2%-1.0% +4.8%
Year to date -24.9%-14.1%-12.8% +10.3%
1 year +10.5%+12.1%+15.8% +10.3%
3 years +153.7%+195.1%+130.4% +73.0%
3 years, per year +36.4%+43.5%+32.1% +20.1%
5 years +51.0%+12.3%+103.9% +61.9%
5 years, per year +8.6%+2.4%+15.3% +10.1%
10 years +139.8%+63.7%+109.3% +258.6%
10 years, per year +9.1%+5.1%+7.7% +13.6%

Risk

MeasurePAASAGBSPY
Volatility, 1Y 58.5%74.2%47.3% 12.8%
Downside volatility, 1Y 61.3%75.3%50.8% 12.8%
Beta vs S&P 500, 1Y 2.132.901.85 1.00
Return / volatility, 1Y 0.180.160.33 0.80
Max drawdown, 5Y -59.2%-70.5%-48.8% -25.4%
From 52-week high -43.3%-55.3%-28.3% -3.5%
52-week high $68.70$32.01$52.98 $779.14
52-week low $33.20$10.67$31.67 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultiplePAASAGB
P/E now vs peer median 10,746xmedian 12.5x 19.7xmedian 12.5x 9.9xmedian 12.5x
P/S now vs peer median 5.1xmedian 2.9x 4.3xmedian 2.9x 3.1xmedian 2.9x
EV/EBITDA now vs peer median 41.8xmedian 7.3x 6.0xmedian 7.3x 4.8xmedian 7.3x
P/FCF now vs peer median 14.6xmedian 14.6x 11.4xmedian 14.6x 5.7xmedian 14.6x
P/B now vs peer median 2.2xmedian 2.1x 2.1xmedian 2.1x 2.3xmedian 2.1x
PEG now vs peer median 411.97median 0.28 0.42median 0.28 0.03median 0.28

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsPAASAGB
Revenue $3.19B $1.64B $20.66B
Gross profit $882.07M $827.10M $11.56B
Operating income $1.90M $756.62M $10.94B
Net income $931.18M $421.54M $9.49B
Free cash flow $1.12B $617.41M $11.25B
R&D – – $481.00M
EPS (diluted) $0.00 $0.72 $3.82
Cash & equivalents $1.57B $1.09B $5.93B
Total debt $3.00M $302.75M $4.68B
Shares (diluted) 381.58M 484.56M 1.71B
Enterprise value $10.48B $3.38B $43.37B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricPAASAGB
P/E 10,746x 19.7x 9.9x
P/FCF 14.6x 11.4x 5.7x
P/Operating cash flow 19.9x 8.5x 6.8x
P/S 5.1x 4.3x 3.1x
P/B 2.2x 2.1x 2.3x
P/Tangible book 2.2x 2.1x 2.3x
EV/EBITDA 41.8x 6.0x 4.8x
EV/EBIT 7,812x 8.0x 5.7x
EV/Revenue 4.7x 3.7x 3.0x
EV/FCF 13.2x 9.9x 5.5x
EV/Operating cash flow 18.0x 7.4x 6.6x
PEG (3Y EPS CAGR) 411.97 0.42 0.03

Growth

14 metrics
MetricPAASAGB
Revenue growth (1Y) 2.3% 98.5% 49.4%
Revenue CAGR (3Y) 22.3% 39.0% 24.2%
Gross profit growth (1Y) -0.3% 335.5% 89.0%
Gross profit CAGR (3Y) 113.6% 283.4% 56.9%
Operating income growth (1Y) 116.1% 622.0% 111.0%
Operating income CAGR (3Y) 127.1% 78.9% 62.3%
Net income growth (1Y) 123.7% 517.9% 137.0%
Net income CAGR (3Y) 60.1% 98.2% 196.2%
EPS growth (1Y) -99.8% 294.7% 142.2%
EPS CAGR (3Y) 26.1% 46.6% 364.4%
Operating cash flow growth (1Y) 50,145% 207.8% 84.0%
Operating cash flow CAGR (3Y) – 131.1% 43.8%
Free cash flow growth (1Y) 448.7% 232.3% 69.3%
Free cash flow CAGR (3Y) 56.4% 80.3% 33.2%

Profitability

14 metrics
MetricPAASAGB
Gross margin 27.7% 50.4% 56.0%
EBITDA margin 11.1% 62.2% 63.2%
Operating margin 0.1% 46.1% 53.0%
Pretax margin 0.1% 46.5% 58.9%
Net margin 0.0% 21.2% 31.6%
FCF margin 35.2% 37.6% 54.4%
Operating cash flow margin 25.9% 50.3% 45.5%
Return on equity 0.0% 12.2% 29.6%
Return on assets 0.0% 8.4% 18.1%
Return on invested capital 0.0% 12.0% 24.8%
Return on capital employed 0.0% 17.5% 22.2%
Asset turnover 0.3x 0.3x 0.4x
Cash conversion (OCF / net income) 0.9x 2.0x 1.0x
Stock comp / revenue – 0.8% –

Financial Health

11 metrics
MetricPAASAGB
Debt / assets 0.0% 6.1% 8.9%
Debt / equity 0.0x 0.1x 0.2x
Net debt / EBITDA -4.4x -0.9x -0.1x
Debt / FCF 0.0x 0.5x 0.4x
Liabilities / assets 27.5% 31.7% 47.8%
Equity / assets 72.5% 68.3% 52.2%
Interest coverage 21.3x 34.3x 63.6x
Current ratio 14.1x 2.6x 3.0x
Quick ratio 2.5x 2.3x 2.1x
Cash ratio 2.2x 2.2x 1.9x
Altman Z-score 4.94 3.65 2.77

Shareholder Returns

7 metrics
MetricPAASAGB
Dividend yield 1.7% 0.4% 2.5%
Net buyback yield -1.5% -1.1% 0.2%
Shareholder yield 0.2% -0.6% 2.7%
Payout ratio (earnings) – – 8.5%
Payout ratio (FCF) – – 7.2%
Dividend growth (1Y) – – -7.5%
Dividend CAGR (3Y) – – -0.1%

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusPAASAGB
Forward P/E 12.0xFY2026 17.4xFY2026 9.9xFY2026
EPS, next fiscal year $3.18FY2026 $0.81FY2026 $3.75FY2026
EPS growth, next FY +25.7%FY2026 +76.1%FY2026 +55.6%FY2026
EPS growth, the year after +32.1% +17.3% +14.4%
Revenue, next fiscal year $4.51BFY2026 $1.58BFY2026 $20.23BFY2026
Revenue growth, next FY +24.9%FY2026 +25.6%FY2026 +19.7%FY2026
Revenue growth, the year after +12.8% +8.3% +24.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASAGB
Held by institutions 56.5% 47.0% 58.0%
Institutions holding 586 348 1,007
Change in shares held, QoQ -1.0% -4.4% -4.7%
Institutions buying 269 194 486
Institutions selling 199 104 339
Buyers to sellers 1.35 1.87 1.43

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

PAASAGB
PAAS 1.00 0.90 0.86
AG 0.90 1.00 0.80
B 0.86 0.80 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, AG and B?

Barrick Mining (B) is the largest by market capitalisation: Pan American Silver (PAAS) $15.62B, First Majestic Silver (AG) $7.31B, Barrick Mining (B) $68.17B.

Which stock is cheaper, PAAS, AG and B?

Barrick Mining (B) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 11,307x, First Majestic Silver (AG) 21.0x, Barrick Mining (B) 10.4x). On next year's consensus earnings, Barrick Mining (B) is cheapest (Pan American Silver (PAAS) 12.0x, First Majestic Silver (AG) 17.4x, Barrick Mining (B) 9.9x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

First Majestic Silver (AG) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, First Majestic Silver (AG) +98.5%, Barrick Mining (B) +49.4%.

Which company is more profitable?

Barrick Mining (B) has the highest net margin (Pan American Silver (PAAS) 0.0%, First Majestic Silver (AG) 21.2%, Barrick Mining (B) 31.6%). On return on invested capital, Barrick Mining (B) leads (Pan American Silver (PAAS) 0.0%, First Majestic Silver (AG) 12.0%, Barrick Mining (B) 24.8%).

Which stock has performed better?

Over the past year Barrick Mining (B) returned the most: Pan American Silver (PAAS) +10.5%, First Majestic Silver (AG) +12.1%, Barrick Mining (B) +15.8%. Over five years, Barrick Mining (B) compounded fastest (Pan American Silver (PAAS) +8.6%/yr, First Majestic Silver (AG) +2.4%/yr, Barrick Mining (B) +15.3%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Only one of these companies pays a dividend: Pan American Silver (PAAS) 0.00%, First Majestic Silver (AG) 0.00%, Barrick Mining (B) 0.01%. Pan American Silver (PAAS) and First Majestic Silver (AG) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Barrick Mining (B) has been the steadiest (Pan American Silver (PAAS) 58.5%, First Majestic Silver (AG) 74.2%, Barrick Mining (B) 47.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, AG and B?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Barrick Mining (B) leads on 9. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.