PAAS vs SVM vs HL Stock Comparison

Pan American Silver, Silvercorp Metals and Hecla Mining Prices as of Oct 27, 2026 Peers: Industry group
SVM Silvercorp Metals Inc
$8.62 -23.9% 1M +40.6% 1Y
Market cap
$1.90B
P/E
22.0x
Revenue (TTM)
$495.47M
Div. yield
0.23%
Silver Basic Materials
4 wins
HL Hecla Mining Co/De/
$14.62 -19.6% 1M +18.3% 1Y
Market cap
$9.82B
P/E
29.4x
Revenue (TTM)
$1.60B
Div. yield
0.03%
Silver Basic Materials
4 wins

Head to Head

12 decided of 12

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

QuestionPAASSVMHLLeader
Larger companyMarket capitalisation $17.57B $1.90B $9.82B PAAS
Cheaper on earningsLower P/E, profitable companies only 51.3x 22.0x 29.4x SVM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 13.1x 12.0x 22.8x SVM
Faster revenue growthRevenue growth, trailing twelve months +2.3% +60.8% +74.4% HL
More profitableNet margin, trailing twelve months 9.7% 17.3% 20.8% HL
Better return on capitalReturn on invested capital 0.0% 11.7% 19.9% HL
Less leveragedLower net debt / EBITDA -4.4x -1.9x -0.5x PAAS
Higher dividend yieldTrailing dividend yield 1.63% 0.23% 0.03% PAAS
Better 1-year returnPrice return, last 12 months +20.0% +40.6% +18.3% SVM
Better 5-year returnAnnualised price return, 5 years +9.7%/yr +14.6%/yr +19.1%/yr HL
Less volatileAnnualised volatility, 1 year 57.9% 70.6% 71.1% PAAS
Higher overall scoreMean of the five percentile scores vs peers 68/100 76/100 74/100 SVM

Percentile Scorecard

PAASSVMHL

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

AxisPAASSVMHL
Valuation 57 #71 of 162 83 #28 of 162 60 #66 of 162
Growth 73 #40 of 147 87 #20 of 147 98 #4 of 147
Profitability 52 #59 of 122 82 #23 of 122 93 #10 of 122
Financial Health 85 #25 of 164 83 #28 of 164 88 #21 of 164
Shareholder Returns 71 #32 of 107 44 #60 of 107 33 #72 of 107
Overall 68 76 74
  • PAAS ranked among 176 companies in Metals and Mining
  • SVM 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

PeriodPAASSVMHLSPY
1 month -13.3%-23.9%-19.6% -0.2%
3 months -3.7%-8.2%+0.5% +3.9%
6 months -20.5%-26.9%-18.0% +8.2%
Year to date -19.6%+3.4%-23.8% +12.9%
1 year +20.0%+40.6%+18.3% +12.3%
3 years +175.5%+274.8%+253.1% +87.4%
3 years, per year +40.2%+55.4%+52.3% +23.3%
5 years +58.8%+97.7%+139.7% +67.9%
5 years, per year +9.7%+14.6%+19.1% +10.9%
10 years +168.4%—+153.8% +261.1%
10 years, per year +10.4%—+9.8% +13.7%

Risk

MeasurePAASSVMHLSPY
Volatility, 1Y 57.9%70.6%71.1% 12.7%
Downside volatility, 1Y 60.1%73.4%70.1% 12.7%
Beta vs S&P 500, 1Y 2.072.622.64 1.00
Return / volatility, 1Y 0.340.580.26 0.97
Max drawdown, 5Y -59.2%-56.4%-56.5% -25.4%
From 52-week high -39.4%-45.1%-54.0% -1.2%
52-week high $68.70$15.71$31.81 $779.14
52-week low $33.20$6.09$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.

MultiplePAASSVMHL
P/E now vs peer median 51.3xmedian 13.3x 22.0xmedian 13.3x 29.4xmedian 13.3x
P/S now vs peer median 5.5xmedian 3.2x 3.8xmedian 3.2x 6.1xmedian 3.2x
EV/EBITDA now vs peer median 45.0xmedian 7.3x 7.5xmedian 7.3x 10.2xmedian 7.3x
P/FCF now vs peer median 15.7xmedian 14.7x 6.1xmedian 14.7x 20.3xmedian 14.7x
P/B now vs peer median 2.4xmedian 2.2x 1.6xmedian 2.2x 3.7xmedian 2.2x
PEG now vs peer median 1.16median 0.31 0.48median 0.31 0.29median 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 monthsPAASSVMHL
Revenue $3.19B $495.47M $1.60B
Gross profit $882.07M $302.64M –
Operating income $1.90M $165.81M $737.49M
Net income $930.65M $69.58M $333.98M
Free cash flow $1.12B $309.98M $483.99M
R&D – – $30.73M
EPS (diluted) $0.81 $0.39 $0.49
Cash & equivalents $1.57B $386.76M $483.48M
Total debt $3.00M $118.10M $7.56M
Shares (diluted) 381.58M 219.43M 675.89M
Enterprise value $12.43B $446.09M $8.29B

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
MetricPAASSVMHL
P/E 51.3x 22.0x 29.4x
P/FCF 15.7x 6.1x 20.3x
P/Operating cash flow 15.7x 5.9x 13.4x
P/S 5.5x 3.8x 6.1x
P/B 2.4x 1.6x 3.7x
P/Tangible book 2.4x 1.6x 3.7x
EV/EBITDA 45.0x 7.5x 10.2x
EV/EBIT 8,419x 9.2x 12.7x
EV/Revenue 5.0x 3.1x 5.8x
EV/FCF 14.3x 4.9x 19.3x
EV/Operating cash flow 14.3x 4.7x 12.7x
PEG (3Y EPS CAGR) 1.16 0.48 0.29

Growth

14 metrics
MetricPAASSVMHL
Revenue growth (1Y) 2.3% 60.8% 74.4%
Revenue CAGR (3Y) 22.3% 31.7% 30.6%
Gross profit growth (1Y) -0.3% 146.3% –
Gross profit CAGR (3Y) 104.0% 58.3% –
Operating income growth (1Y) 116.1% 44.4% 344.3%
Operating income CAGR (3Y) 127.1% 72.4% 217.6%
Net income growth (1Y) 123.6% -7.2% 233.1%
Net income CAGR (3Y) 75.4% 50.9% 109.0%
EPS growth (1Y) -57.1% 1.3% 216.5%
EPS CAGR (3Y) 44.1% 45.6% 102.4%
Operating cash flow growth (1Y) 74.4% 120.5% 129.4%
Operating cash flow CAGR (3Y) – 53.9% 112.8%
Free cash flow growth (1Y) 66.2% 298.5% 293.4%
Free cash flow CAGR (3Y) 56.4% 189.0% 81.0%

Profitability

14 metrics
MetricPAASSVMHL
Gross margin 27.7% 61.1% –
EBITDA margin 11.1% 40.9% 56.9%
Operating margin 0.1% 33.5% 46.0%
Pretax margin 0.1% 57.4% 43.4%
Net margin 9.7% 17.3% 20.8%
FCF margin 35.1% 62.6% 30.2%
Operating cash flow margin 35.1% 65.4% 45.8%
Return on equity 0.0% 5.7% 26.7%
Return on assets 0.0% 4.4% 21.4%
Return on invested capital 0.0% 11.7% 19.9%
Return on capital employed 0.0% 12.0% 23.5%
Asset turnover 0.3x 0.3x 0.5x
Cash conversion (OCF / net income) 1.2x 4.7x 2.2x
Stock comp / revenue – 0.9% 0.7%

Financial Health

11 metrics
MetricPAASSVMHL
Debt / assets 0.0% 0.0% 0.2%
Debt / equity 0.0x 0.0x 0.0x
Net debt / EBITDA -4.4x -1.9x -0.5x
Debt / FCF 0.0x 0.0x 0.0x
Liabilities / assets 27.5% 23.2% 15.9%
Equity / assets 72.5% 76.8% 84.1%
Interest coverage 21.3x 11.9x 27.3x
Current ratio 14.1x 3.5x 5.2x
Quick ratio 2.5x 3.4x 5.0x
Cash ratio 2.2x 3.3x 3.3x
Altman Z-score 5.18 4.39 13.08

Shareholder Returns

7 metrics
MetricPAASSVMHL
Dividend yield 1.6% 0.2% 0.0%
Net buyback yield -1.4% -0.3% -0.4%
Shareholder yield 0.2% -0.1% -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.

ConsensusPAASSVMHL
Forward P/E 13.1xFY2026 12.0xFY2026 22.8xFY2026
EPS, next fiscal year $3.18FY2026 $0.72FY2026 $0.64FY2026
EPS growth, next FY +25.7%FY2026 +4.3%FY2026 +45.5%FY2026
EPS growth, the year after +32.1% +80.6% +40.6%
Revenue, next fiscal year $4.51BFY2026 $479.44MFY2026 $1.49BFY2026
Revenue growth, next FY +24.9%FY2026 +9.4%FY2026 +5.1%FY2026
Revenue growth, the year after +12.8% +74.7% -7.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersPAASSVMHL
Held by institutions 56.5% 55.0% 72.1%
Institutions holding 584 185 584
Change in shares held, QoQ -1.0% +2.1% +0.4%
Institutions buying 268 92 313
Institutions selling 199 64 187
Buyers to sellers 1.35 1.44 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.

PAASSVMHL
PAAS 1.00 0.85 0.85
SVM 0.85 1.00 0.85
HL 0.85 0.85 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, PAAS, SVM and HL?

Pan American Silver (PAAS) is the largest by market capitalisation: Pan American Silver (PAAS) $17.57B, Silvercorp Metals (SVM) $1.90B, Hecla Mining (HL) $9.82B.

Which stock is cheaper, PAAS, SVM and HL?

Silvercorp Metals (SVM) trades on the lowest price-to-earnings ratio (Pan American Silver (PAAS) 51.3x, Silvercorp Metals (SVM) 22.0x, Hecla Mining (HL) 29.4x). On next year's consensus earnings, Silvercorp Metals (SVM) is cheapest (Pan American Silver (PAAS) 13.1x, Silvercorp Metals (SVM) 12.0x, Hecla Mining (HL) 22.8x). 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%, Silvercorp Metals (SVM) +60.8%, Hecla Mining (HL) +74.4%.

Which company is more profitable?

Hecla Mining (HL) has the highest net margin (Pan American Silver (PAAS) 9.7%, Silvercorp Metals (SVM) 17.3%, Hecla Mining (HL) 20.8%). On return on invested capital, Hecla Mining (HL) leads (Pan American Silver (PAAS) 0.0%, Silvercorp Metals (SVM) 11.7%, Hecla Mining (HL) 19.9%).

Which stock has performed better?

Over the past year Silvercorp Metals (SVM) returned the most: Pan American Silver (PAAS) +20.0%, Silvercorp Metals (SVM) +40.6%, Hecla Mining (HL) +18.3%. Over five years, Hecla Mining (HL) compounded fastest (Pan American Silver (PAAS) +9.7%/yr, Silvercorp Metals (SVM) +14.6%/yr, Hecla Mining (HL) +19.1%/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) 1.63%, Silvercorp Metals (SVM) 0.23%, Hecla Mining (HL) 0.03%.

Which stock is riskier?

By one-year price volatility, Pan American Silver (PAAS) has been the steadiest (Pan American Silver (PAAS) 57.9%, Silvercorp Metals (SVM) 70.6%, Hecla Mining (HL) 71.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, PAAS, SVM 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, Pan American Silver (PAAS) leads on 4. 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.