Summer Sale
50% off Premium Yearly
00days
00hrs
00mins
00secs
Opinions Jason Del Vicario
Pan American SilverPAAS.TOBUYDec 17, 2020
Jason Del VicarioOwned
$43.08
Stock price when the opinion was issued
$69.02
As of Jun 19, 2026. Market Open.
precious metals
It's the ideal tool to help you make quicker, more informed decisions for managing and tracking your investments.
You might be interested:
PAST TOP PICK
(A Top Pick Mar 04/20, Down 31%)
They had operational problems in Mexico, but they remain a major silver and gold producer. They just took over the Latin American operations of Yamana in tandem with Agnico; this will double their gold production. They have a warrant to reopen a mine in Guatemala, and might reopen. Gold and silver is the place to be.
Gavin GrahamOwned
precious metals
;fill-opacity:1;'/%3e%3cpath%20d='M31%2018.6001V30H8V18.6001L14.1334%2022.4334L19.4999%2014L24.8669%2022.4334L31%2018.6001Z'%20fill='%23EE5432'%20style='fill:%23EE5432;fill:color(display-p3%200.9340%200.3310%200.1956);fill-opacity:1;'/%3e%3c/svg%3e){kind=small}
Premium contentTOP PICK
New entrance in the trending stocks. Operates silver mines across the Americas. World's largest silver producer and holds largest silver reserves globally. Missed their estimated earnings by 50%. Lots of social media mentions due to the earnings report as well as investors wanting to get more exposure to commodities during the current geopolitical tensions.
precious metals
Premium contentPAST TOP PICK
(A Top Pick Jan 19/22, Down 12.5%)Stockchase Research Editor: Michael O'Reilly Our PAST TOP PICK with PAAS has triggered its stop at $27.50. To remain disciplined, we recommend covering the position at this time. This results in a net investment loss of 22%, when combined with the previous buy recommendation.
precious metals
Premium contentTOP PICK
Stockchase Research Editor: Michael O’Reilly As the world's largest silver producer, we again reiterate PAAS as a TOP PICK. Operating facilities in Canada, central and South America it is well positioned and trading at good value and silver also acts as an inflation hedge. It pays a reasonable (and growing) dividend, backed by a payout ratio under 25% of cashflow. We continue to recommend a stop loss at $27.50, looking to achieve $48 - upside potential over 50%. Yield 1.65% (Analysts’ price target is $47.50)
precious metals
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate PAAS, the world's largest silver producer, as a TOP PICK. It operates facilities in Canada, central and south America. Aside from silver's many industrial uses, it also acts as an inflation hedge. Forward earnings project it trading at 13x earnings, compared to peers at 16x. It pays a reasonable (and growing) dividend, backed by a payout ratio under 20% of cashflow. We would buy this with a stop loss at $27.50, looking to achieve $52 -- upside potential over 62%. Yield 1.55% (Analysts’ price target is $49.29)
precious metals
Premium contentTOP PICK
Stockchase Research Editor: Michael O'Reilly PAAS is the world's largest silver producer and is a producer of other base and precious metals. It operates facilities in Canada, central and south America. Aside from silver's many industrial uses, it also acts as an inflation hedge. Overall, a good holding for an economy staging a comeback. EPS fell short of analyst expectations as the pandemic impacted its work force in South America, but that is expected to turn going forward. It pays a reasonable dividend, backed by a payout ratio under 20% of cashflow. We would buy this with a stop loss at $27.50, looking to achieve $52 -- upside potential over 27%. Yield 0.78% (Analysts’ price target is $51.74)
precious metals
BUY
Silver outlook No idea, but he expects central banks to print a lot of money to get us through the pandemic. This means silver will do very well. Historically vs. gold, silver is cheap, though it's more volatile, falling much more than gold (e.g. Dec. 2018). About 3 months ago, he thoroughly searched for a silver stock and found PAAS. It carries no debt. If you can stomach the volatility, silver probably catches up to gold and when it does, PAAS will take off.
precious metals
TOP PICK
Has recommended it before. Even though it's doubled, it still holds value because of a new discovery in a Mexican silver mine. It's the second-biggest silver miner in the world. If they can re-open a Guatemalan mine, it would double their production. They're raising their dividend. (Analysts’ price target is $34.54)
Gavin GrahamOwned
precious metals
COMMENT
BTO vs PAAS? You can do well in both. He likes the growth with PAAS silver production. Silver prices should do well relative to gold. He would favour PAAS. BTO may be looking to issue shares and this could be viewed as dilutive.
Peter ImhofUnknown
precious metals
DON'T BUY
They have had everything go wrong that could. Losing the social license in Guatemala for their silver mine and other issues. Pan American has come in being very opportunistic to give a relatively low-ball bid. There may be some value opportunities going forward, but he would prefer to not have to wait to see that develop. He sees better opportunities.
precious metals
If central banks continue to print money, bodes well for hard assets. Gold is trending higher again, a hedge against inflation. Jury is still out, as we don't have runaway inflation. He isn't saying there will be, but there is a risk. Fed is willing to let inflation run hot. Don't have all your money in gold, but a percentage in gold or the precious metals (miners) does make sense. He owns Kirkland Lake and Pan American Silver. These two are the top miners based on his metrics.