PAAS vs SCCO vs HL Stock Comparison

Pan American Silver, Southern Copper and Hecla Mining Prices as of Oct 23, 2026 Peers: Industry group
SCCO Southern Copper Corp/
$184.94 -8.4% 1M +48.0% 1Y
Market cap
$154.49B
P/E
27.3x
Revenue (TTM)
$15.79B
Div. yield
0.02%
Copper Basic Materials
6 wins
HL Hecla Mining Co/De/
$13.85 -24.2% 1M +7.1% 1Y
Market cap
$9.38B
P/E
28.1x
Revenue (TTM)
$1.60B
Div. yield
–
Silver Basic Materials
3 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.

QuestionPAASSCCOHLLeader
Larger companyMarket capitalisation $15.38B $154.49B $9.38B SCCO
Cheaper on earningsLower P/E, profitable companies only 49.6x 27.3x 28.1x SCCO
Cheaper on forward earningsLower price / next fiscal year consensus EPS 12.9x 25.5x 21.3x PAAS
Faster revenue growthRevenue growth, trailing twelve months +2.3% +32.8% +74.4% HL
More profitableNet margin, trailing twelve months 9.7% 35.9% 20.8% SCCO
Better return on capitalReturn on invested capital 0.0% — 19.9% HL
Less leveragedLower net debt / EBITDA -4.4x 0.1x -0.5x PAAS
Higher dividend yieldTrailing dividend yield 0.00% 0.02% 0.00% –
Better 1-year returnPrice return, last 12 months +10.8% +48.0% +7.1% SCCO
Better 5-year returnAnnualised price return, 5 years +9.0%/yr +25.5%/yr +18.9%/yr SCCO
Less volatileAnnualised volatility, 1 year 58.0% 52.0% 71.1% SCCO
Higher overall scoreMean of the five percentile scores vs peers 67/100 63/100 74/100 HL

Percentile Scorecard

PAASSCCOHL

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

AxisPAASSCCOHL
Valuation 57 #70 of 162 45 #90 of 162 61 #64 of 162
Growth 73 #40 of 147 69 #47 of 147 98 #4 of 147
Profitability 52 #59 of 122 98 #4 of 122 93 #10 of 122
Financial Health 85 #26 of 166 47 #89 of 166 88 #21 of 166
Shareholder Returns 70 #33 of 107 58 #46 of 107 32 #73 of 107
Overall 67 63 74
  • PAAS ranked among 176 companies in Metals and Mining
  • SCCO ranked among 176 companies in Metals and Mining
  • HL 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

PeriodPAASSCCOHLSPY
1 month -16.6%-8.4%-24.2% -1.0%
3 months -8.9%+3.1%-8.5% +2.9%
6 months -28.3%+3.5%-26.3% +6.4%
Year to date -22.6%+31.3%-27.8% +11.4%
1 year +10.8%+48.0%+7.1% +13.1%
3 years +163.1%+180.1%+231.3% +79.4%
3 years, per year +38.1%+41.0%+49.1% +21.5%
5 years +54.1%+211.2%+137.2% +67.7%
5 years, per year +9.0%+25.5%+18.9% +10.9%
10 years +137.7%+628.4%+134.3% +255.2%
10 years, per year +9.0%+22.0%+8.9% +13.5%

Risk

MeasurePAASSCCOHLSPY
Volatility, 1Y 58.0%52.0%71.1% 12.7%
Downside volatility, 1Y 60.2%52.7%70.1% 12.7%
Beta vs S&P 500, 1Y 2.012.372.57 1.00
Return / volatility, 1Y 0.190.920.10 1.03
Max drawdown, 5Y -59.2%-45.2%-56.5% -25.4%
From 52-week high -41.6%-15.8%-56.5% -2.5%
52-week high $68.70$219.70$31.81 $779.14
52-week low $33.20$117.83$11.97 $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.

MultiplePAASSCCOHL
P/E now vs peer median 49.4xmedian 12.7x 27.1xmedian 12.7x 27.9xmedian 12.7x
P/S now vs peer median 5.3xmedian 3.1x 9.8xmedian 3.1x 5.8xmedian 3.1x
EV/EBITDA now vs peer median 43.2xmedian 6.9x 15.7xmedian 6.9x 9.7xmedian 6.9x
P/FCF now vs peer median 15.1xmedian 15.1x 30.3xmedian 15.1x 19.2xmedian 15.1x
P/B now vs peer median 2.3xmedian 2.1x 12.1xmedian 2.1x 3.5xmedian 2.1x
PEG now vs peer median 1.12median 0.27 1.10median 0.27 0.27median 0.27

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 monthsPAASSCCOHL
Revenue $3.19B $15.79B $1.60B
Gross profit $882.07M $10.07B –
Operating income $1.90M $8.98B $737.49M
Net income $930.65M $5.68B $333.98M
Free cash flow $1.12B $5.10B $483.99M
R&D – $53.10M $30.73M
EPS (diluted) $0.81 $6.83 $0.49
Cash & equivalents $1.57B $5.67B $483.48M
Total debt $3.00M $28.24B $803.22M
Shares (diluted) 381.58M 829.10M 675.89M
Enterprise value $10.23B $133.28B $7.85B

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
MetricPAASSCCOHL
P/E 49.4x 27.1x 27.9x
P/FCF 15.1x 30.3x 19.2x
P/Operating cash flow 15.1x 22.9x 12.7x
P/S 5.3x 9.8x 5.8x
P/B 2.3x 12.1x 3.5x
P/Tangible book 2.3x 12.1x 3.5x
EV/EBITDA 43.2x 15.7x 9.7x
EV/EBIT 8,078x 17.3x 12.0x
EV/Revenue 4.8x 9.8x 5.5x
EV/FCF 13.7x 30.4x 18.2x
EV/Operating cash flow 13.7x 23.0x 12.0x
PEG (3Y EPS CAGR) 1.12 1.10 0.27

Growth

14 metrics
MetricPAASSCCOHL
Revenue growth (1Y) 2.3% 32.8% 74.4%
Revenue CAGR (3Y) 22.3% 16.2% 30.6%
Gross profit growth (1Y) -0.3% 45.5% –
Gross profit CAGR (3Y) 104.0% 23.2% –
Operating income growth (1Y) 116.1% 52.8% 344.3%
Operating income CAGR (3Y) 127.1% 26.7% 217.6%
Net income growth (1Y) 123.6% 56.8% 233.1%
Net income CAGR (3Y) 75.4% 26.7% 109.0%
EPS growth (1Y) -57.1% 52.8% 216.5%
EPS CAGR (3Y) 44.1% 24.7% 102.4%
Operating cash flow growth (1Y) 74.4% 49.8% 129.4%
Operating cash flow CAGR (3Y) – 22.6% 112.8%
Free cash flow growth (1Y) 66.2% 47.3% 293.4%
Free cash flow CAGR (3Y) 56.4% 24.5% 81.0%

Profitability

14 metrics
MetricPAASSCCOHL
Gross margin 27.7% 63.8% –
EBITDA margin 11.1% 62.5% 56.9%
Operating margin 0.1% 56.9% 46.0%
Pretax margin 0.1% 55.8% 43.4%
Net margin 9.7% 35.9% 20.8%
FCF margin 35.1% 32.3% 30.2%
Operating cash flow margin 35.1% 42.7% 45.8%
Return on equity 0.0% 46.2% 26.7%
Return on assets 0.0% 24.7% 21.4%
Return on invested capital 0.0% – 19.9%
Return on capital employed 0.0% 43.0% 23.5%
Asset turnover 0.3x 0.7x 0.5x
Cash conversion (OCF / net income) 1.2x 1.2x 2.2x
Stock comp / revenue – – 0.7%

Financial Health

11 metrics
MetricPAASSCCOHL
Debt / assets 0.0% 33.1% 0.2%
Debt / equity 0.0x 0.6x 0.0x
Net debt / EBITDA -4.4x 0.1x -0.5x
Debt / FCF 0.0x 1.6x 0.0x
Liabilities / assets 27.5% 47.3% 15.9%
Equity / assets 72.5% 52.7% 84.1%
Interest coverage 21.3x – 27.3x
Current ratio 14.1x 5.1x 5.2x
Quick ratio 2.5x 4.4x 5.0x
Cash ratio 2.2x 3.4x 3.3x
Altman Z-score 5.04 10.69 12.46

Shareholder Returns

7 metrics
MetricPAASSCCOHL
Dividend yield 1.7% 1.6% 0.0%
Net buyback yield -1.5% – -0.4%
Shareholder yield 0.2% 1.6% -0.4%
Payout ratio (earnings) – 53.2% –
Payout ratio (FCF) – 59.2% –
Dividend growth (1Y) – 41.8% –
Dividend CAGR (3Y) – 6.3% –

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.

ConsensusPAASSCCOHL
Forward P/E 12.9xFY2026 25.5xFY2026 21.3xFY2026
EPS, next fiscal year $3.11FY2026 $7.24FY2026 $0.65FY2026
EPS growth, next FY +22.9%FY2026 +42.5%FY2026 +47.7%FY2026
EPS growth, the year after +37.3% +6.1% +38.5%
Revenue, next fiscal year $4.45BFY2026 $16.56BFY2026 $1.49BFY2026
Revenue growth, next FY +23.3%FY2026 +23.4%FY2026 +5.1%FY2026
Revenue growth, the year after +12.6% +2.4% -7.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASSCCOHL
Held by institutions 56.5% 9.2% 72.1%
Institutions holding 584 856 584
Change in shares held, QoQ -1.0% +0.7% +0.4%
Institutions buying 268 599 313
Institutions selling 199 219 187
Buyers to sellers 1.35 2.74 1.67

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.

PAASSCCOHL
PAAS 1.00 0.66 0.85
SCCO 0.66 1.00 0.63
HL 0.85 0.63 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, SCCO and HL?

Southern Copper (SCCO) is the largest by market capitalisation: Pan American Silver (PAAS) $15.38B, Southern Copper (SCCO) $154.49B, Hecla Mining (HL) $9.38B.

Which stock is cheaper, PAAS, SCCO and HL?

Southern Copper (SCCO) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 49.6x, Southern Copper (SCCO) 27.3x, Hecla Mining (HL) 28.1x). On next year's consensus earnings, Pan American Silver (PAAS) is cheapest (Pan American Silver (PAAS) 12.9x, Southern Copper (SCCO) 25.5x, Hecla Mining (HL) 21.3x). 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%, Southern Copper (SCCO) +32.8%, Hecla Mining (HL) +74.4%.

Which company is more profitable?

Southern Copper (SCCO) has the highest net margin (Pan American Silver (PAAS) 9.7%, Southern Copper (SCCO) 35.9%, Hecla Mining (HL) 20.8%). 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) +10.8%, Southern Copper (SCCO) +48.0%, Hecla Mining (HL) +7.1%. Over five years, Southern Copper (SCCO) compounded fastest (Pan American Silver (PAAS) +9.0%/yr, Southern Copper (SCCO) +25.5%/yr, Hecla Mining (HL) +18.9%/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%, Southern Copper (SCCO) 0.02%, Hecla Mining (HL) 0.00%. 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) 58.0%, Southern Copper (SCCO) 52.0%, Hecla Mining (HL) 71.1%). Volatility measures how widely the price swings, not the risk of the business.

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

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.