PAAS vs AU vs EXK Stock Comparison

Pan American Silver, AngloGold Ashanti and Endeavour Silver Prices as of Oct 28, 2026 Peers: Industry group
AU AngloGold Ashanti PLC
$87.30 -5.9% 1M +32.4% 1Y
Market cap
$44.09B
P/E
11.7x
Revenue (TTM)
$11.83B
Div. yield
5.18%
Gold Basic Materials
9 wins
EXK Endeavour Silver Corp
$7.98 -10.9% 1M -1.0% 1Y
Market cap
$2.09B
P/E
34.4x
Revenue (TTM)
$737.30M
Div. yield
–
Silver Basic Materials
1 win

Head to Head

12 decided of 12

AngloGold Ashanti leads on 9 of the 12 questions below (AngloGold Ashanti 9, Pan American Silver 2, Endeavour Silver 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASAUEXKLeader
Larger companyMarket capitalisation $17.70B $44.09B $2.09B AU
Cheaper on earningsLower P/E, profitable companies only 51.7x 11.7x 34.4x AU
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.2x 10.2x 12.1x AU
Faster revenue growthRevenue growth, trailing twelve months +2.3% +54.6% +197.5% EXK
More profitableNet margin, trailing twelve months 9.7% 32.2% 8.9% AU
Better return on capitalReturn on invested capital 0.0% 40.5% 16.1% AU
Less leveragedLower net debt / EBITDA -4.4x — -0.9x PAAS
Higher dividend yieldTrailing dividend yield 1.62% 5.18% — AU
Better 1-year returnPrice return, last 12 months +19.1% +32.4% -1.0% AU
Better 5-year returnAnnualised price return, 5 years +10.4%/yr +36.4%/yr +9.6%/yr AU
Less volatileAnnualised volatility, 1 year 57.9% 60.1% 76.3% PAAS
Higher overall scoreMean of the five percentile scores vs peers 68/100 81/100 70/100 AU

Percentile Scorecard

PAASAUEXK

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

AxisPAASAUEXK
Valuation 57 #71 of 162 75 #42 of 162 70 #50 of 162
Growth 74 #39 of 147 88 #18 of 147 88 #19 of 147
Profitability 52 #59 of 122 97 #5 of 122 65 #43 of 122
Financial Health 85 #25 of 164 49 #84 of 164 65 #58 of 164
Shareholder Returns 72 #31 of 107 97 #4 of 107 62 #41 of 107
Overall 68 81 70
  • PAAS ranked among 176 companies in Metals and Mining
  • AU ranked among 176 companies in Metals and Mining
  • EXK ranked among 176 companies in Metals and Mining

Price Performance

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

Returns

PeriodPAASAUEXKSPY
1 month -8.3%-5.9%-10.9% +0.9%
3 months -1.3%+12.0%+5.6% +5.9%
6 months -18.2%-3.5%-10.3% +8.5%
Year to date -19.0%+2.4%-15.1% +13.3%
1 year +19.1%+32.4%-1.0% +12.4%
3 years +177.6%+355.2%+253.1% +88.1%
3 years, per year +40.6%+65.8%+52.3% +23.5%
5 years +63.9%+372.4%+58.0% +68.2%
5 years, per year +10.4%+36.4%+9.6% +11.0%
10 years +172.0%+545.7%+88.7% +263.4%
10 years, per year +10.5%+20.5%+6.6% +13.8%

Risk

MeasurePAASAUEXKSPY
Volatility, 1Y 57.9%60.1%76.3% 12.7%
Downside volatility, 1Y 60.1%62.2%77.6% 12.7%
Beta vs S&P 500, 1Y 2.072.203.17 1.00
Return / volatility, 1Y 0.330.54-0.01 0.98
Max drawdown, 5Y -59.2%-52.8%-75.1% -25.4%
From 52-week high -38.9%-31.9%-43.5% -0.9%
52-week high $68.70$128.26$14.12 $779.14
52-week low $33.20$63.61$7.07 $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.

MultiplePAASAUEXK
P/E now vs peer median 51.7xmedian 13.4x 11.7xmedian 13.4x 34.4xmedian 13.4x
P/S now vs peer median 5.6xmedian 3.2x 3.7xmedian 3.2x 2.8xmedian 3.2x
EV/EBITDA now vs peer median 45.4xmedian 7.3x —median 7.3x 7.5xmedian 7.3x
P/FCF now vs peer median 15.8xmedian 14.8x 7.0xmedian 14.8x 12.6xmedian 14.8x
P/B now vs peer median 2.4xmedian 2.3x 4.9xmedian 2.3x 2.9xmedian 2.3x
PEG now vs peer median 1.17median 0.31 —median 0.31 0.95median 0.31

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 monthsPAASAUEXK
Revenue $3.19B $11.83B $737.30M
Gross profit $882.07M $6.48B $229.80M
Operating income $1.90M $4.91B $176.30M
Net income $930.65M $4.48B -$124.97M
Free cash flow $1.12B $6.34B $165.81M
R&D – $259.00M –
EPS (diluted) $0.81 $7.48 $0.23
Cash & equivalents $1.57B $2.78B $236.60M
Total debt $3.00M $1.57B $337.87M
Shares (diluted) 381.58M 509.09M 283.08M
Enterprise value $12.56B $33.76B $1.35B

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
MetricPAASAUEXK
P/E 51.7x 11.7x 34.4x
P/FCF 15.8x 7.0x 12.6x
P/Operating cash flow 15.8x 7.1x 20.3x
P/S 5.6x 3.7x 2.8x
P/B 2.4x 4.9x 2.9x
P/Tangible book 2.4x 4.9x 2.9x
EV/EBITDA 45.4x – 7.5x
EV/EBIT 8,488x 8.7x 10.6x
EV/Revenue 5.1x 3.6x 2.5x
EV/FCF 14.4x 6.7x 11.2x
EV/Operating cash flow 14.4x 6.9x 18.1x
PEG (3Y EPS CAGR) 1.17 – 0.95

Growth

14 metrics
MetricPAASAUEXK
Revenue growth (1Y) 2.3% 54.6% 197.5%
Revenue CAGR (3Y) 22.3% – 48.1%
Gross profit growth (1Y) -0.3% 97.4% 463.2%
Gross profit CAGR (3Y) 104.0% – 60.7%
Operating income growth (1Y) 116.1% 165.2% 834.6%
Operating income CAGR (3Y) 127.1% – 42.2%
Net income growth (1Y) 123.6% 115.8% -24.8%
Net income CAGR (3Y) 75.4% – -122.0%
EPS growth (1Y) -57.1% 78.5% 260.2%
EPS CAGR (3Y) 44.1% – 36.3%
Operating cash flow growth (1Y) 74.4% 103.4% 261.3%
Operating cash flow CAGR (3Y) – – 22.3%
Free cash flow growth (1Y) 66.2% 108.6% 1,855%
Free cash flow CAGR (3Y) 56.4% – 7.0%

Profitability

14 metrics
MetricPAASAUEXK
Gross margin 27.7% 54.8% 31.2%
EBITDA margin 11.1% – 33.5%
Operating margin 0.1% 41.5% 23.9%
Pretax margin 0.1% 51.7% -7.7%
Net margin 9.7% 32.2% 8.9%
FCF margin 35.1% 53.6% 22.5%
Operating cash flow margin 35.1% 52.3% 14.0%
Return on equity 0.0% 46.3% 9.7%
Return on assets 0.0% 28.7% 5.2%
Return on invested capital 0.0% 40.5% 16.1%
Return on capital employed 0.0% 35.2% 16.9%
Asset turnover 0.3x 0.8x 0.6x
Cash conversion (OCF / net income) 1.2x 1.4x -0.8x
Stock comp / revenue – – 0.5%

Financial Health

11 metrics
MetricPAASAUEXK
Debt / assets 0.0% 10.1% 0.4%
Debt / equity 0.0x 0.2x 0.0x
Net debt / EBITDA -4.4x – -0.9x
Debt / FCF 0.0x 0.2x 0.0x
Liabilities / assets 27.5% 42.4% 44.0%
Equity / assets 72.5% 57.6% 56.0%
Interest coverage 21.3x – 7.5x
Current ratio 14.1x 2.7x 2.0x
Quick ratio 2.5x 2.1x 1.4x
Cash ratio 2.2x 1.8x 1.1x
Altman Z-score 5.21 – 3.09

Shareholder Returns

7 metrics
MetricPAASAUEXK
Dividend yield 1.6% 5.2% –
Net buyback yield -1.4% – -0.4%
Shareholder yield 0.2% 5.2% -0.4%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

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.

ConsensusPAASAUEXK
Forward P/E 13.2xFY2026 10.2xFY2026 12.1xFY2026
EPS, next fiscal year $3.18FY2026 $8.52FY2026 $0.66FY2026
EPS growth, next FY +25.7%FY2026 +58.7%FY2026 –
EPS growth, the year after +32.1% +9.9% +45.5%
Revenue, next fiscal year $4.51BFY2026 $11.81BFY2026 $813.71MFY2026
Revenue growth, next FY +24.9%FY2026 +21.4%FY2026 +88.0%FY2026
Revenue growth, the year after +12.8% +4.0% +39.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASAUEXK
Held by institutions 56.5% 45.9% 50.1%
Institutions holding 584 563 222
Change in shares held, QoQ -1.0% +3.0% -6.4%
Institutions buying 268 323 122
Institutions selling 199 166 55
Buyers to sellers 1.35 1.95 2.22

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.

PAASAUEXK
PAAS 1.00 0.81 0.89
AU 0.81 1.00 0.73
EXK 0.89 0.73 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, AU and EXK?

AngloGold Ashanti (AU) is the largest by market capitalisation: Pan American Silver (PAAS) $17.70B, AngloGold Ashanti (AU) $44.09B, Endeavour Silver (EXK) $2.09B.

Which stock is cheaper, PAAS, AU and EXK?

AngloGold Ashanti (AU) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 51.7x, AngloGold Ashanti (AU) 11.7x, Endeavour Silver (EXK) 34.4x). On next year's consensus earnings, AngloGold Ashanti (AU) is cheapest (Pan American Silver (PAAS) 13.2x, AngloGold Ashanti (AU) 10.2x, Endeavour Silver (EXK) 12.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Endeavour Silver (EXK) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, AngloGold Ashanti (AU) +54.6%, Endeavour Silver (EXK) +197.5%.

Which company is more profitable?

AngloGold Ashanti (AU) has the highest net margin (Pan American Silver (PAAS) 9.7%, AngloGold Ashanti (AU) 32.2%, Endeavour Silver (EXK) 8.9%). On return on invested capital, AngloGold Ashanti (AU) leads (Pan American Silver (PAAS) 0.0%, AngloGold Ashanti (AU) 40.5%, Endeavour Silver (EXK) 16.1%).

Which stock has performed better?

Over the past year AngloGold Ashanti (AU) returned the most: Pan American Silver (PAAS) +19.1%, AngloGold Ashanti (AU) +32.4%, Endeavour Silver (EXK) -1.0%. Over five years, AngloGold Ashanti (AU) compounded fastest (Pan American Silver (PAAS) +10.4%/yr, AngloGold Ashanti (AU) +36.4%/yr, Endeavour Silver (EXK) +9.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

AngloGold Ashanti (AU) has the highest dividend yield: Pan American Silver (PAAS) 1.62%, AngloGold Ashanti (AU) 5.18%. Endeavour Silver (EXK) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Pan American Silver (PAAS) 57.9%, AngloGold Ashanti (AU) 60.1%, Endeavour Silver (EXK) 76.3%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, AU and EXK?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, AngloGold Ashanti (AU) 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.