PAAS vs HL vs SCCO Stock Comparison

Pan American Silver, Hecla Mining and Southern Copper Prices as of Nov 3, 2026 Peers: Industry group
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HL Hecla Mining Co/De/
$13.21 -23.2% 1M +3.5% 1Y
Market cap
$10.02B
P/E
30.0x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
3 wins
SCCO Southern Copper Corp/
$173.44 -15.6% 1M +28.8% 1Y
Market cap
$145.83B
P/E
22.9x
Revenue (TTM)
$17.11B
Div. yield
0.02%
Copper Basic Materials
6 wins

Head to Head

11 decided of 12

Southern Copper leads on 6 of the 12 questions below (Southern Copper 6, Hecla Mining 3, Pan American Silver 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionPAASHLSCCOLeader
Larger companyMarket capitalisation $15.79B $10.02B $145.83B SCCO
Cheaper on earningsLower P/E, profitable companies only 11,428x 30.0x 22.9x SCCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.0x 20.6x 23.1x PAAS
Faster revenue growthRevenue growth, trailing twelve months +2.3% +74.4% +38.7% HL
More profitableNet margin, trailing twelve months 0.0% 20.8% 37.2% SCCO
Better return on capitalReturn on invested capital 0.0% 19.9% — HL
Less leveragedLower net debt / EBITDA -4.4x -0.5x 0.0x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.02% –
Better 1-year returnPrice return, last 12 months +10.5% +3.5% +28.8% SCCO
Better 5-year returnAnnualised price return, 5 years +8.8%/yr +18.3%/yr +26.0%/yr SCCO
Less volatileAnnualised volatility, 1 year 58.4% 71.4% 52.8% SCCO
Higher overall scoreMean of the five percentile scores vs peers 66/100 75/100 64/100 HL

Percentile Scorecard

PAASHLSCCO

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

AxisPAASHLSCCO
Valuation 55 #77 of 168 62 #65 of 168 46 #91 of 168
Growth 78 #35 of 152 98 #4 of 152 72 #44 of 152
Profitability 47 #66 of 124 93 #10 of 124 98 #4 of 124
Financial Health 86 #25 of 166 89 #20 of 166 48 #87 of 166
Shareholder Returns 68 #38 of 115 34 #76 of 115 59 #48 of 115
Overall 66 75 64
  • PAAS ranked among 177 companies in Metals and Mining
  • HL ranked among 177 companies in Metals and Mining
  • SCCO 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

PeriodPAASHLSCCOSPY
1 month -15.8%-23.2%-15.6% -2.0%
3 months -14.7%-14.3%-11.1% -2.2%
6 months -24.2%-22.5%+2.4% +4.2%
Year to date -26.1%-31.2%+23.1% +10.6%
1 year +10.5%+3.5%+28.8% +10.4%
3 years +149.7%+204.4%+152.0% +73.6%
3 years, per year +35.7%+45.0%+36.1% +20.2%
5 years +52.4%+131.8%+217.6% +61.6%
5 years, per year +8.8%+18.3%+26.0% +10.1%
10 years +132.3%+110.0%+599.2% +261.3%
10 years, per year +8.8%+7.7%+21.5% +13.7%

Risk

MeasurePAASHLSCCOSPY
Volatility, 1Y 58.4%71.4%52.8% 12.8%
Downside volatility, 1Y 61.1%70.9%54.2% 12.8%
Beta vs S&P 500, 1Y 2.132.702.42 1.00
Return / volatility, 1Y 0.180.050.55 0.81
Max drawdown, 5Y -59.2%-58.5%-45.2% -25.4%
From 52-week high -44.2%-58.5%-21.1% -3.2%
52-week high $68.70$31.81$219.70 $779.14
52-week low $33.20$11.97$117.83 $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.

MultiplePAASHLSCCO
P/E now vs peer median 10,578xmedian 12.4x 26.6xmedian 12.4x 22.6xmedian 12.4x
P/S now vs peer median 5.1xmedian 2.9x 5.5xmedian 2.9x 8.6xmedian 2.9x
EV/EBITDA now vs peer median 41.1xmedian 7.2x 9.2xmedian 7.2x 13.4xmedian 7.2x
P/FCF now vs peer median 14.4xmedian 14.8x 18.3xmedian 14.8x 26.2xmedian 14.8x
P/B now vs peer median 2.2xmedian 2.1x 3.3xmedian 2.1x 10.8xmedian 2.1x
PEG now vs peer median 405.52median 0.26 0.26median 0.26 0.80median 0.26

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 monthsPAASHLSCCO
Revenue $3.19B $1.60B $17.11B
Gross profit $882.07M – $11.15B
Operating income $1.90M $737.49M $10.03B
Net income $931.18M $333.98M $6.38B
Free cash flow $1.12B $483.99M $5.60B
R&D – $30.73M $58.60M
EPS (diluted) $0.00 $0.49 $7.67
Cash & equivalents $1.57B $483.48M $4.82B
Total debt $3.00M $7.56M $8.00B
Shares (diluted) 381.58M 675.89M 829.10M
Enterprise value $10.64B $8.49B $120.56B

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
MetricPAASHLSCCO
P/E 10,578x 26.6x 22.6x
P/FCF 14.4x 18.3x 26.2x
P/Operating cash flow 19.6x 12.1x 19.8x
P/S 5.1x 5.5x 8.6x
P/B 2.2x 3.3x 10.8x
P/Tangible book 2.2x 3.3x 10.8x
EV/EBITDA 41.1x 9.2x 13.4x
EV/EBIT 7,676x 11.4x 14.6x
EV/Revenue 4.6x 5.2x 8.6x
EV/FCF 13.0x 17.3x 26.1x
EV/Operating cash flow 17.7x 11.4x 19.8x
PEG (3Y EPS CAGR) 405.52 0.26 0.80

Growth

14 metrics
MetricPAASHLSCCO
Revenue growth (1Y) 2.3% 74.4% 38.7%
Revenue CAGR (3Y) 22.3% 30.6% 18.0%
Gross profit growth (1Y) -0.3% – 54.1%
Gross profit CAGR (3Y) 113.6% – 25.1%
Operating income growth (1Y) 116.1% 344.3% 61.8%
Operating income CAGR (3Y) 127.1% 217.6% 28.8%
Net income growth (1Y) 123.7% 233.1% 66.3%
Net income CAGR (3Y) 60.1% 109.0% 30.1%
EPS growth (1Y) -99.8% 216.5% 65.1%
EPS CAGR (3Y) 26.1% 102.4% 28.1%
Operating cash flow growth (1Y) 50,145% 129.4% 60.3%
Operating cash flow CAGR (3Y) – 112.8% 21.6%
Free cash flow growth (1Y) 448.7% 293.4% 60.9%
Free cash flow CAGR (3Y) 56.4% 81.0% 22.2%

Profitability

14 metrics
MetricPAASHLSCCO
Gross margin 27.7% – 65.2%
EBITDA margin 11.1% 56.9% 64.0%
Operating margin 0.1% 46.0% 58.6%
Pretax margin 0.1% 43.4% 57.6%
Net margin 0.0% 20.8% 37.2%
FCF margin 35.2% 30.2% 32.7%
Operating cash flow margin 25.9% 45.8% 43.3%
Return on equity 0.0% 26.7% 48.5%
Return on assets 0.0% 21.4% 25.6%
Return on invested capital 0.0% 19.9% –
Return on capital employed 0.0% 23.5% 45.3%
Asset turnover 0.3x 0.5x 0.7x
Cash conversion (OCF / net income) 0.9x 2.2x 1.2x
Stock comp / revenue – 0.7% –

Financial Health

11 metrics
MetricPAASHLSCCO
Debt / assets 0.0% 0.2% 31.2%
Debt / equity 0.0x 0.0x 0.6x
Net debt / EBITDA -4.4x -0.5x 0.0x
Debt / FCF 0.0x 0.0x 1.4x
Liabilities / assets 27.5% 15.9% 46.9%
Equity / assets 72.5% 84.1% 53.1%
Interest coverage 21.3x 27.3x –
Current ratio 14.1x 5.2x 4.3x
Quick ratio 2.5x 5.0x 3.8x
Cash ratio 2.2x 3.3x 2.9x
Altman Z-score 4.88 11.96 9.91

Shareholder Returns

7 metrics
MetricPAASHLSCCO
Dividend yield 1.8% 0.0% 2.5%
Net buyback yield -1.6% -0.4% –
Shareholder yield 0.2% -0.4% 2.5%
Payout ratio (earnings) – – 51.7%
Payout ratio (FCF) – – 58.8%
Dividend growth (1Y) – – 43.0%
Dividend CAGR (3Y) – – 6.8%

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.

ConsensusPAASHLSCCO
Forward P/E 12.0xFY2026 20.6xFY2026 23.1xFY2026
EPS, next fiscal year $3.18FY2026 $0.64FY2026 $7.51FY2026
EPS growth, next FY +25.7%FY2026 +45.5%FY2026 +47.8%FY2026
EPS growth, the year after +32.1% +40.6% +7.1%
Revenue, next fiscal year $4.51BFY2026 $1.49BFY2026 $16.86BFY2026
Revenue growth, next FY +24.9%FY2026 +5.1%FY2026 +25.6%FY2026
Revenue growth, the year after +12.8% -7.2% +3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASHLSCCO
Held by institutions 56.5% 72.1% 9.2%
Institutions holding 586 586 859
Change in shares held, QoQ -1.0% +0.4% +0.7%
Institutions buying 269 313 601
Institutions selling 199 187 220
Buyers to sellers 1.35 1.67 2.73

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.

PAASHLSCCO
PAAS 1.00 0.85 0.67
HL 0.85 1.00 0.64
SCCO 0.67 0.64 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, HL and SCCO?

Southern Copper (SCCO) is the largest by market capitalisation: Pan American Silver (PAAS) $15.79B, Hecla Mining (HL) $10.02B, Southern Copper (SCCO) $145.83B.

Which stock is cheaper, PAAS, HL and SCCO?

Southern Copper (SCCO) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 11,428x, Hecla Mining (HL) 30.0x, Southern Copper (SCCO) 22.9x). On next year's consensus earnings, Pan American Silver (PAAS) is cheapest (Pan American Silver (PAAS) 12.0x, Hecla Mining (HL) 20.6x, Southern Copper (SCCO) 23.1x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Hecla Mining (HL) grew revenue fastest over the trailing twelve months: Pan American Silver (PAAS) +2.3%, Hecla Mining (HL) +74.4%, Southern Copper (SCCO) +38.7%.

Which company is more profitable?

Southern Copper (SCCO) has the highest net margin (Pan American Silver (PAAS) 0.0%, Hecla Mining (HL) 20.8%, Southern Copper (SCCO) 37.2%). On return on invested capital, Hecla Mining (HL) leads (Pan American Silver (PAAS) 0.0%, Hecla Mining (HL) 19.9%).

Which stock has performed better?

Over the past year Southern Copper (SCCO) returned the most: Pan American Silver (PAAS) +10.5%, Hecla Mining (HL) +3.5%, Southern Copper (SCCO) +28.8%. Over five years, Southern Copper (SCCO) compounded fastest (Pan American Silver (PAAS) +8.8%/yr, Hecla Mining (HL) +18.3%/yr, Southern Copper (SCCO) +26.0%/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%, Hecla Mining (HL) 0.00%, Southern Copper (SCCO) 0.02%. Pan American Silver (PAAS) and Hecla Mining (HL) pays no regular dividend.

Which stock is riskier?

By one-year price volatility, Southern Copper (SCCO) has been the steadiest (Pan American Silver (PAAS) 58.4%, Hecla Mining (HL) 71.4%, Southern Copper (SCCO) 52.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, HL and SCCO?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Southern Copper (SCCO) leads on 6. 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.