PAAS vs B vs AG Stock Comparison

Pan American Silver, Barrick Mining and First Majestic Silver Prices as of Nov 5, 2026 Peers: Industry group
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B Barrick Mining Corp
$40.28 -1.1% 1M +22.8% 1Y
Market cap
$67.48B
P/E
10.5x
Revenue (TTM)
$20.66B
Div. yield
2.32%
Gold Basic Materials
9 wins

Head to Head

12 decided of 12

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

QuestionPAASBAGLeader
Larger companyMarket capitalisation $17.08B $67.48B $7.32B B
Cheaper on earningsLower P/E, profitable companies only 9,841x 10.5x 18.1x B
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.7x 10.7x 18.4x B
Faster revenue growthRevenue growth, trailing twelve months +6.2% +49.4% +81.3% AG
More profitableNet margin, trailing twelve months 0.0% 31.6% 22.6% B
Better return on capitalReturn on invested capital 0.0% 24.8% 12.4% B
Less leveragedLower net debt / EBITDA -4.3x -0.1x -0.9x PAAS
Higher dividend yieldTrailing dividend yield 1.68% 2.32% 0.40% B
Better 1-year returnPrice return, last 12 months +19.9% +22.8% +39.6% AG
Better 5-year returnAnnualised price return, 5 years +9.3%/yr +15.5%/yr +2.1%/yr B
Less volatileAnnualised volatility, 1 year 58.8% 47.6% 73.8% B
Higher overall scoreMean of the five percentile scores vs peers 66/100 79/100 74/100 B

Percentile Scorecard

PAASBAG

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

AxisPAASBAG
Valuation 56 #75 of 169 87 #23 of 169 77 #39 of 169
Growth 88 #20 of 153 92 #13 of 153 99 #2 of 153
Profitability 50 #62 of 123 94 #8 of 123 86 #18 of 123
Financial Health 87 #23 of 165 53 #78 of 165 69 #52 of 165
Shareholder Returns 50 #58 of 116 68 #38 of 116 37 #74 of 116
Overall 66 79 74
  • PAAS ranked among 177 companies in Metals and Mining
  • B ranked among 177 companies in Metals and Mining
  • AG 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

PeriodPAASBAGSPY
1 month -11.8%-1.1%-15.2% -5.9%
3 months -15.7%-2.8%-13.8% -4.6%
6 months -29.9%-3.7%-30.3% +0.2%
Year to date -21.8%-7.5%-10.6% +7.5%
1 year +19.9%+22.8%+39.6% +8.2%
3 years +166.1%+147.3%+220.9% +68.3%
3 years, per year +38.6%+35.3%+47.5% +19.0%
5 years +55.8%+105.5%+11.0% +56.5%
5 years, per year +9.3%+15.5%+2.1% +9.4%
10 years +145.5%+120.5%+76.8% +251.5%
10 years, per year +9.4%+8.2%+5.9% +13.4%

Risk

MeasurePAASBAGSPY
Volatility, 1Y 58.8%47.6%73.8% 13.6%
Downside volatility, 1Y 60.8%50.5%73.7% 14.2%
Beta vs S&P 500, 1Y 1.971.662.67 1.00
Return / volatility, 1Y 0.340.480.54 0.60
Max drawdown, 5Y -59.2%-48.8%-70.5% -25.4%
From 52-week high -41.0%-24.0%-53.5% -5.9%
52-week high $68.70$52.98$32.01 $779.14
52-week low $33.77$32.55$10.67 $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.

MultiplePAASBAG
P/E now vs peer median 9,841xmedian 12.9x 10.5xmedian 12.9x 18.1xmedian 12.9x
P/S now vs peer median 4.9xmedian 3.1x 3.3xmedian 3.1x 4.2xmedian 3.1x
EV/EBITDA now vs peer median 44.0xmedian 7.6x 5.1xmedian 7.6x 5.8xmedian 7.6x
P/FCF now vs peer median 11.2xmedian 12.2x 6.0xmedian 12.2x 11.9xmedian 12.2x
P/B now vs peer median 2.3xmedian 2.2x 2.5xmedian 2.2x 2.1xmedian 2.2x
PEG now vs peer median 377.07median 0.19 0.03median 0.19 0.36median 0.19

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 monthsPAASBAG
Revenue $3.46B $20.66B $1.75B
Gross profit $1.18B $11.56B $898.14M
Operating income $2.08M $10.94B $830.06M
Net income $1.12B $9.49B $465.18M
Free cash flow $1.53B $11.25B $613.68M
R&D – $481.00M –
EPS (diluted) $0.00 $3.82 $0.82
Cash & equivalents $1.51B $5.93B $1.07B
Total debt $2.00M $4.68B $307.85M
Shares (diluted) 381.58M 1.71B 484.56M
Enterprise value $11.30B $52.23B $3.11B

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
MetricPAASBAG
P/E 9,841x 10.5x 18.1x
P/FCF 11.2x 6.0x 11.9x
P/Operating cash flow 14.2x 7.2x 9.0x
P/S 4.9x 3.3x 4.2x
P/B 2.3x 2.5x 2.1x
P/Tangible book 2.3x 2.5x 2.1x
EV/EBITDA 44.0x 5.1x 5.8x
EV/EBIT 7,492x 6.1x 7.7x
EV/Revenue 4.5x 3.2x 3.6x
EV/FCF 10.2x 5.9x 10.4x
EV/Operating cash flow 12.9x 7.0x 7.8x
PEG (3Y EPS CAGR) 377.07 0.03 0.36

Growth

14 metrics
MetricPAASBAG
Revenue growth (1Y) 6.2% 49.4% 81.3%
Revenue CAGR (3Y) 19.6% 24.2% 44.1%
Gross profit growth (1Y) 15.1% 89.0% 244.8%
Gross profit CAGR (3Y) 118.7% 56.9% 448.0%
Operating income growth (1Y) 112.6% 111.0% 362.4%
Operating income CAGR (3Y) 179.0% 62.3% 82.0%
Net income growth (1Y) 111.9% 137.0% 650.4%
Net income CAGR (3Y) 69.4% 196.2% 108.1%
EPS growth (1Y) 135.9% 142.2% 322.1%
EPS CAGR (3Y) 26.1% 364.4% 49.8%
Operating cash flow growth (1Y) 283.0% 84.0% 139.9%
Operating cash flow CAGR (3Y) – 43.8% 239.0%
Free cash flow growth (1Y) 185.9% 69.3% 127.6%
Free cash flow CAGR (3Y) 66.2% 33.2% 68.6%

Profitability

14 metrics
MetricPAASBAG
Gross margin 34.0% 56.0% 51.3%
EBITDA margin 10.2% 63.2% 62.7%
Operating margin 0.1% 53.0% 47.4%
Pretax margin 0.1% 58.9% 49.1%
Net margin 0.0% 31.6% 22.6%
FCF margin 44.2% 54.4% 35.1%
Operating cash flow margin 34.8% 45.5% 46.6%
Return on equity 0.0% 29.6% 12.9%
Return on assets 0.0% 18.1% 8.8%
Return on invested capital 0.0% 24.8% 12.4%
Return on capital employed 0.0% 22.2% 18.9%
Asset turnover 0.3x 0.4x 0.4x
Cash conversion (OCF / net income) 1.1x 1.0x 1.8x
Stock comp / revenue – – 0.7%

Financial Health

11 metrics
MetricPAASBAG
Debt / assets 0.0% 8.9% 6.1%
Debt / equity 0.0x 0.2x 0.1x
Net debt / EBITDA -4.3x -0.1x -0.9x
Debt / FCF 0.0x 0.4x 0.5x
Liabilities / assets 27.3% 47.8% 31.4%
Equity / assets 72.7% 52.2% 68.6%
Interest coverage 22.1x 63.6x 42.5x
Current ratio 14.1x 3.0x 2.5x
Quick ratio 2.3x 2.1x 2.2x
Cash ratio 2.1x 1.9x 2.1x
Altman Z-score 5.15 2.86 3.80

Shareholder Returns

7 metrics
MetricPAASBAG
Dividend yield 1.7% 2.3% 0.4%
Net buyback yield -2.8% 0.2% -0.8%
Shareholder yield -1.1% 2.5% -0.4%
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.

ConsensusPAASBAG
Forward P/E 12.7xFY2026 10.7xFY2026 18.4xFY2026
EPS, next fiscal year $3.18FY2026 $3.75FY2026 $0.81FY2026
EPS growth, next FY +25.7%FY2026 +55.6%FY2026 +76.1%FY2026
EPS growth, the year after +32.1% +14.7% +17.3%
Revenue, next fiscal year $4.51BFY2026 $20.23BFY2026 $1.58BFY2026
Revenue growth, next FY +24.9%FY2026 +19.7%FY2026 +25.6%FY2026
Revenue growth, the year after +12.8% +24.9% +8.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASBAG
Held by institutions 56.5% 58.0% 47.0%
Institutions holding 586 1,008 348
Change in shares held, QoQ -1.0% -4.7% -4.4%
Institutions buying 268 485 193
Institutions selling 199 340 104
Buyers to sellers 1.35 1.43 1.86

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.

PAASBAG
PAAS 1.00 0.86 0.91
B 0.86 1.00 0.82
AG 0.91 0.82 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, B and AG?

Barrick Mining (B) is the largest by market capitalisation: Pan American Silver (PAAS) $17.08B, Barrick Mining (B) $67.48B, First Majestic Silver (AG) $7.32B.

Which stock is cheaper, PAAS, B and AG?

Barrick Mining (B) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 9,841x, Barrick Mining (B) 10.5x, First Majestic Silver (AG) 18.1x). On next year's consensus earnings, Barrick Mining (B) is cheapest (Pan American Silver (PAAS) 12.7x, Barrick Mining (B) 10.7x, First Majestic Silver (AG) 18.4x). 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) +6.2%, Barrick Mining (B) +49.4%, First Majestic Silver (AG) +81.3%.

Which company is more profitable?

Barrick Mining (B) has the highest net margin (Pan American Silver (PAAS) 0.0%, Barrick Mining (B) 31.6%, First Majestic Silver (AG) 22.6%). On return on invested capital, Barrick Mining (B) leads (Pan American Silver (PAAS) 0.0%, Barrick Mining (B) 24.8%, First Majestic Silver (AG) 12.4%).

Which stock has performed better?

Over the past year First Majestic Silver (AG) returned the most: Pan American Silver (PAAS) +19.9%, Barrick Mining (B) +22.8%, First Majestic Silver (AG) +39.6%. Over five years, Barrick Mining (B) compounded fastest (Pan American Silver (PAAS) +9.3%/yr, Barrick Mining (B) +15.5%/yr, First Majestic Silver (AG) +2.1%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Barrick Mining (B) has the highest dividend yield: Pan American Silver (PAAS) 1.68%, Barrick Mining (B) 2.32%, First Majestic Silver (AG) 0.40%.

Which stock is riskier?

By one-year price volatility, Barrick Mining (B) has been the steadiest (Pan American Silver (PAAS) 58.8%, Barrick Mining (B) 47.6%, First Majestic Silver (AG) 73.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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.