PAAS vs CDE vs EXK Stock Comparison

Pan American Silver, Coeur Mining and Endeavour Silver Prices as of Nov 2, 2026 Peers: Industry group
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CDE Coeur Mining, Inc.
$13.32 -24.6% 1M -22.4% 1Y
Market cap
$13.70B
P/E
16.1x
Revenue (TTM)
$3.17B
Div. yield
0.15%
Silver Basic Materials
4 wins
EXK Endeavour Silver Corp
$7.24 -15.8% 1M -11.7% 1Y
Market cap
$1.90B
P/E
31.2x
Revenue (TTM)
$737.30M
Div. yield
–
Silver Basic Materials
3 wins

Head to Head

12 decided of 12

Pan American Silver leads on 5 of the 12 questions below (Pan American Silver 5, Coeur Mining 4, Endeavour Silver 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASCDEEXKLeader
Larger companyMarket capitalisation $16.42B $13.70B $1.90B PAAS
Cheaper on earningsLower P/E, profitable companies only 10,746x 16.1x 31.2x CDE
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.2x 13.3x 11.0x EXK
Faster revenue growthRevenue growth, trailing twelve months +2.3% +117.3% +197.5% EXK
More profitableNet margin, trailing twelve months 0.0% 26.8% 8.9% CDE
Better return on capitalReturn on invested capital 0.0% 5.9% 16.1% EXK
Less leveragedLower net debt / EBITDA -4.4x -0.2x -0.9x PAAS
Higher dividend yieldTrailing dividend yield 1.75% 0.15% — PAAS
Better 1-year returnPrice return, last 12 months +10.5% -22.4% -11.7% PAAS
Better 5-year returnAnnualised price return, 5 years +8.6%/yr +14.0%/yr +7.6%/yr CDE
Less volatileAnnualised volatility, 1 year 58.5% 71.8% 76.8% PAAS
Higher overall scoreMean of the five percentile scores vs peers 66/100 77/100 69/100 CDE

Percentile Scorecard

PAASCDEEXK

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

AxisPAASCDEEXK
Valuation 54 #77 of 165 79 #36 of 165 69 #52 of 165
Growth 76 #37 of 150 99 #3 of 150 86 #22 of 150
Profitability 48 #64 of 122 76 #30 of 122 67 #41 of 122
Financial Health 86 #25 of 166 73 #45 of 166 64 #61 of 166
Shareholder Returns 69 #34 of 107 59 #45 of 107 61 #42 of 107
Overall 66 77 69
  • PAAS ranked among 177 companies in Metals and Mining
  • CDE ranked among 177 companies in Metals and Mining
  • EXK 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

PeriodPAASCDEEXKSPY
1 month -14.5%-24.6%-15.8% -2.3%
3 months -11.0%-14.6%-6.2% -0.7%
6 months -23.9%-24.1%-20.4% +4.8%
Year to date -24.9%-25.3%-23.0% +10.3%
1 year +10.5%-22.4%-11.7% +10.3%
3 years +153.7%+416.3%+220.4% +73.0%
3 years, per year +36.4%+72.9%+47.5% +20.1%
5 years +51.0%+92.5%+44.2% +61.9%
5 years, per year +8.6%+14.0%+7.6% +10.1%
10 years +139.8%+18.6%+60.2% +258.6%
10 years, per year +9.1%+1.7%+4.8% +13.6%

Risk

MeasurePAASCDEEXKSPY
Volatility, 1Y 58.5%71.8%76.8% 12.8%
Downside volatility, 1Y 61.3%72.3%78.4% 12.8%
Beta vs S&P 500, 1Y 2.133.133.24 1.00
Return / volatility, 1Y 0.18-0.31-0.15 0.80
Max drawdown, 5Y -59.2%-72.0%-75.1% -25.4%
From 52-week high -43.3%-50.9%-48.7% -3.5%
52-week high $68.70$27.15$14.12 $779.14
52-week low $33.20$12.76$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.

MultiplePAASCDEEXK
P/E now vs peer median 10,746xmedian 12.5x 16.1xmedian 12.5x 31.2xmedian 12.5x
P/S now vs peer median 5.1xmedian 2.9x 4.3xmedian 2.9x 2.6xmedian 2.9x
EV/EBITDA now vs peer median 41.8xmedian 7.3x 8.5xmedian 7.3x 6.1xmedian 7.3x
P/FCF now vs peer median 14.6xmedian 14.6x 11.8xmedian 14.6x 11.5xmedian 14.6x
P/B now vs peer median 2.2xmedian 2.1x 1.0xmedian 2.1x 2.7xmedian 2.1x
PEG now vs peer median 411.97median 0.28 0.19median 0.28 0.86median 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 monthsPAASCDEEXK
Revenue $3.19B $3.17B $737.30M
Gross profit $882.07M $2.50B $229.80M
Operating income $1.90M $1.07B $176.30M
Net income $931.18M $850.41M -$124.97M
Free cash flow $1.12B $1.16B $165.81M
EPS (diluted) $0.00 $0.82 $0.23
Cash & equivalents $1.57B $1.05B $236.60M
Total debt $3.00M $705.29M $5.60M
Shares (diluted) 381.58M 1.03B 283.08M
Enterprise value $11.27B $10.98B $1.16B

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
MetricPAASCDEEXK
P/E 10,746x 16.1x 31.2x
P/FCF 14.6x 11.8x 11.5x
P/Operating cash flow 19.9x 9.3x 18.4x
P/S 5.1x 4.3x 2.6x
P/B 2.2x 1.0x 2.7x
P/Tangible book 2.2x 1.0x 2.7x
EV/EBITDA 41.8x 8.5x 6.1x
EV/EBIT 7,812x 12.5x 9.5x
EV/Revenue 4.7x 4.2x 2.3x
EV/FCF 13.2x 11.5x 10.1x
EV/Operating cash flow 18.0x 9.1x 16.2x
PEG (3Y EPS CAGR) 411.97 0.19 0.86

Growth

14 metrics
MetricPAASCDEEXK
Revenue growth (1Y) 2.3% 117.3% 197.5%
Revenue CAGR (3Y) 22.3% 61.2% 48.1%
Gross profit growth (1Y) -0.3% 296.7% 463.2%
Gross profit CAGR (3Y) 113.6% 176.2% 60.7%
Operating income growth (1Y) 116.1% 203.1% 834.6%
Operating income CAGR (3Y) 127.1% 52.2% 42.2%
Net income growth (1Y) 123.7% 346.0% -24.8%
Net income CAGR (3Y) 60.1% 146.7% -122.0%
EPS growth (1Y) -99.8% 177.3% 260.2%
EPS CAGR (3Y) 26.1% 83.6% 36.3%
Operating cash flow growth (1Y) 50,145% 226.3% 261.3%
Operating cash flow CAGR (3Y) – 373.7% 22.3%
Free cash flow growth (1Y) 448.7% 364.5% 1,855%
Free cash flow CAGR (3Y) 56.4% 73.8% 7.0%

Profitability

14 metrics
MetricPAASCDEEXK
Gross margin 27.7% 79.0% 31.2%
EBITDA margin 11.1% 49.6% 36.8%
Operating margin 0.1% 33.8% 23.9%
Pretax margin 0.1% 33.5% -7.7%
Net margin 0.0% 26.8% 8.9%
FCF margin 35.2% 36.5% 22.5%
Operating cash flow margin 25.9% 46.2% 14.0%
Return on equity 0.0% 3.0% 9.7%
Return on assets 0.0% 2.7% 5.2%
Return on invested capital 0.0% 5.9% 16.1%
Return on capital employed 0.0% 7.3% 16.9%
Asset turnover 0.3x 0.2x 0.6x
Cash conversion (OCF / net income) 0.9x 1.7x -0.8x
Stock comp / revenue – 0.9% 0.5%

Financial Health

11 metrics
MetricPAASCDEEXK
Debt / assets 0.0% 4.6% 0.4%
Debt / equity 0.0x 0.1x 0.0x
Net debt / EBITDA -4.4x -0.2x -0.9x
Debt / FCF 0.0x 0.6x 0.0x
Liabilities / assets 27.5% 9.9% 44.0%
Equity / assets 72.5% 90.1% 56.0%
Interest coverage 21.3x – 7.5x
Current ratio 14.1x 3.7x 2.0x
Quick ratio 2.5x 2.3x 1.4x
Cash ratio 2.2x 2.2x 1.1x
Altman Z-score 4.94 5.79 2.88

Shareholder Returns

7 metrics
MetricPAASCDEEXK
Dividend yield 1.7% 0.2% –
Net buyback yield -1.5% 0.3% -0.4%
Shareholder yield 0.2% 0.4% -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.

ConsensusPAASCDEEXK
Forward P/E 12.2xFY2026 13.3xFY2026 11.0xFY2026
EPS, next fiscal year $3.18FY2026 $1.00FY2026 $0.66FY2026
EPS growth, next FY +25.7%FY2026 +25.0%FY2026 –
EPS growth, the year after +32.1% +63.0% +45.5%
Revenue, next fiscal year $4.51BFY2026 $4.94BFY2026 $813.71MFY2026
Revenue growth, next FY +24.9%FY2026 +138.7%FY2026 +88.0%FY2026
Revenue growth, the year after +12.8% +18.1% +39.6%
PAAS estimates →CDE estimates →EXK estimates →

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASCDEEXK
Held by institutions 56.5% 76.7% –
Institutions holding 586 680 –
Change in shares held, QoQ -1.0% +2.7% –
Institutions buying 269 397 –
Institutions selling 199 194 –
Buyers to sellers 1.35 2.05 –
PAAS holders →CDE holders →EXK holders →

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.

PAASCDEEXK
PAAS 1.00 0.86 0.89
CDE 0.86 1.00 0.86
EXK 0.89 0.86 1.00

Add a Peer

Largest companies in the same industry
PAAS · Silver
+SCCOSouthern Copper +NEMNewmont +HLHecla Mining +AGFirst Majestic Silver +SVMSilvercorp Metals +VZLAVizsla Silver +USASAmericas Gold & Silver +NEWPNew Pacific Metals
Plot all 67 Silver stocks →

Related Comparisons

PAAS vs SCCOSouthern Copper PAAS vs NEMNewmont PAAS vs HLHecla Mining PAAS vs AGFirst Majestic Silver

Frequently Asked Questions

Which is bigger, PAAS, CDE and EXK?

Pan American Silver (PAAS) is the largest by market capitalisation: Pan American Silver (PAAS) $16.42B, Coeur Mining (CDE) $13.70B, Endeavour Silver (EXK) $1.90B.

Which stock is cheaper, PAAS, CDE and EXK?

Coeur Mining (CDE) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 10,746x, Coeur Mining (CDE) 16.1x, Endeavour Silver (EXK) 31.2x). On next year's consensus earnings, Endeavour Silver (EXK) is cheapest (Pan American Silver (PAAS) 12.2x, Coeur Mining (CDE) 13.3x, Endeavour Silver (EXK) 11.0x). 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%, Coeur Mining (CDE) +117.3%, Endeavour Silver (EXK) +197.5%.

Which company is more profitable?

Coeur Mining (CDE) has the highest net margin (Pan American Silver (PAAS) 0.0%, Coeur Mining (CDE) 26.8%, Endeavour Silver (EXK) 8.9%). On return on invested capital, Endeavour Silver (EXK) leads (Pan American Silver (PAAS) 0.0%, Coeur Mining (CDE) 5.9%, Endeavour Silver (EXK) 16.1%).

Which stock has performed better?

Over the past year Pan American Silver (PAAS) returned the most: Pan American Silver (PAAS) +10.5%, Coeur Mining (CDE) -22.4%, Endeavour Silver (EXK) -11.7%. Over five years, Coeur Mining (CDE) compounded fastest (Pan American Silver (PAAS) +8.6%/yr, Coeur Mining (CDE) +14.0%/yr, Endeavour Silver (EXK) +7.6%/yr). Returns are price only, before dividends.

Which pays a higher dividend?

Pan American Silver (PAAS) has the highest dividend yield: Pan American Silver (PAAS) 1.75%, Coeur Mining (CDE) 0.15%. 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) 58.5%, Coeur Mining (CDE) 71.8%, Endeavour Silver (EXK) 76.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, CDE 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, Pan American Silver (PAAS) leads on 5. 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.