PAAS vs. WPM: Pan American Silver vs. Wheaton Precious Metals Stock Comparison
How do Pan American Silver (PAAS) and Wheaton Precious Metals (WPM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Pan American Silver (PAAS) and Wheaton Precious Metals (WPM) both belong to the Metals & Mining industry, though PAAS is classified under Silver while WPM falls under Gold.
| Profile Item | PAAS | WPM |
|---|---|---|
| Name | Pan American Silver Corp. | Wheaton Precious Metals Corp. |
| Country/Region | Canada | Canada |
| GICS Sector | Materials | Materials |
| GICS Industry Group | Materials | Materials |
| GICS Industry | Metals & Mining | Metals & Mining |
| GICS Sub-Industry | Silver | Gold |
| Market Capitalization | 16.98 billion USD | 61.91 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 12, 1995 | July 6, 2005 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Total Return (1Y) | 22.43% | 45.35% |
| Total Return (3Y, Annualized) | 47.84% | 50.60% |
| Total Return (5Y, Annualized) | 11.59% | 29.06% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Volatility (1Y, Annualized) | 58.13% | 52.11% |
| Beta (5Y) | 0.72 | 0.49 |
| Max Drawdown (5Y) | -57.39% | -43.29% |
| Avg. Volume (3M) | 4.31M | 2.01M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Sharpe Ratio (1Y) | 0.31 | 0.79 |
| Sortino Ratio (1Y) | 0.45 | 1.14 |
Profitability
ROE (TTM)
Both Pan American Silver (PAAS) at 22.39% and Wheaton Precious Metals (WPM) at 23.10% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
PAAS
Materials industry group
22.39%
- Max
- 52.88%
- PAAS
- 22.39%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
WPM
Materials industry group
23.10%
- Max
- 52.88%
- WPM
- 23.10%
- Q3
- 19.49%
- Median
- 8.76%
- Q1
- -3.41%
- Min
- -32.81%
Net Margin (TTM)
Wheaton Precious Metals (WPM) at 60.39% keeps the most of each sales dollar — above its industry’s net margin range — and Pan American Silver (PAAS) at 35.16% also retains a top-quartile share.
PAAS
Materials industry group
35.16%
- Max
- 38.66%
- PAAS
- 35.16%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
WPM
Materials industry group
60.39%
- WPM
- 60.39%
- Max
- 38.66%
- Q3
- 15.98%
- Median
- 5.28%
- Q1
- 0.00%
- Min
- -20.40%
Operating Margin (TTM)
Both Pan American Silver (PAAS) at 34.29% and Wheaton Precious Metals (WPM) at 66.70% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.
PAAS
Materials industry group
34.29%
- Max
- 66.70%
- PAAS
- 34.29%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
WPM
Materials industry group
66.70%
- WPM
- 66.70%
- Max
- 66.70%
- Q3
- 28.92%
- Median
- 12.56%
- Q1
- 3.28%
- Min
- -14.07%
Profitability Metrics
| Metric | PAAS | WPM |
|---|---|---|
| ROE (TTM) | 22.39% | 23.10% |
| ROA (TTM) | 11.27% | 15.22% |
| Net Margin (TTM) | 35.16% | 60.39% |
| Operating Margin (TTM) | 34.29% | 66.70% |
| Gross Margin (TTM) | 55.17% | 86.61% |
Growth
Revenue Growth
Wheaton Precious Metals (WPM) at 80.18% sits in the top revenue growth quartile, while Pan American Silver (PAAS) at 28.38% is closer to the peer norm — faster top-line expansion for WPM.
EPS Growth
Both companies show strong earnings momentum, but Pan American Silver (PAAS) at 725.81% is the standout with EPS growth above its industry range; Wheaton Precious Metals (WPM) at 177.85% also sits in the top quartile.
Growth Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Revenue Growth (YoY) | 28.38% | 80.18% |
| Revenue Growth (3Y CAGR) | 34.28% | 29.53% |
| EPS Growth (YoY) | 725.81% | 177.85% |
| EPS Growth (3Y CAGR) | -- | 29.83% |
Financial Strength
Current Ratio (MRQ)
Pan American Silver (PAAS) at 2.72 keeps current ratio within its industry’s typical mid-range, while Wheaton Precious Metals (WPM) at 0.57 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for WPM.
PAAS
Materials industry group
2.72
- Max
- 5.96
- Q3
- 3.30
- PAAS
- 2.72
- Median
- 2.24
- Q1
- 1.45
- Min
- 0.16
WPM
Materials industry group
0.57
- Max
- 5.96
- Q3
- 3.30
- Median
- 2.24
- Q1
- 1.45
- WPM
- 0.57
- Min
- 0.16
Debt / Equity (MRQ)
Pan American Silver (PAAS) at 0.11 keeps leverage in the lower industry quartile, while Wheaton Precious Metals (WPM) at 0.16 runs a more typical debt-to-equity mix.
PAAS
Materials industry group
0.11
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- Q1
- 0.13
- PAAS
- 0.11
- Min
- 0.00
WPM
Materials industry group
0.16
- Max
- 1.98
- Q3
- 0.89
- Median
- 0.47
- WPM
- 0.16
- Q1
- 0.13
- Min
- 0.00
Financial Strength Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Current Ratio (MRQ) | 2.72 | 0.57 |
| Debt / Equity (MRQ) | 0.11 | 0.16 |
| Net Debt / EBITDA | -0.39 | 0.50 |
Dividends
Dividend Yield (TTM)
Both Pan American Silver (PAAS) at 1.69% and Wheaton Precious Metals (WPM) at 0.57% pay solid, industry-typical yields, sitting squarely within their peers’ usual range.
PAAS
Materials industry group
1.69%
- Max
- 4.52%
- Q3
- 1.85%
- PAAS
- 1.69%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
0.57%
- Max
- 4.52%
- Q3
- 1.85%
- WPM
- 0.57%
- Median
- 0.38%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Both Pan American Silver (PAAS) at 18.00% and Wheaton Precious Metals (WPM) at 16.29% keep payout ratio within their industries’ typical mid-ranges — dividend policies that share earnings without consuming too much of them.
PAAS
Materials industry group
18.00%
- Max
- 83.62%
- Q3
- 41.37%
- PAAS
- 18.00%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
WPM
Materials industry group
16.29%
- Max
- 83.62%
- Q3
- 41.37%
- WPM
- 16.29%
- Median
- 9.54%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | PAAS | WPM |
|---|---|---|
| Dividend Yield (TTM) | 1.69% | 0.57% |
| Dividend Payout Ratio (TTM) | 18.00% | 16.29% |
Valuation
P/E Ratio (TTM)
Pan American Silver (PAAS) at 10.83 sits in the cheaper P/E ratio quartile, while Wheaton Precious Metals (WPM) at 29.63 is closer to its industry’s usual earnings multiple — a discount for PAAS, though growth and earnings durability still matter.
PAAS
Materials industry group
10.83
- Max
- 59.00
- Q3
- 32.93
- Median
- 18.82
- Q1
- 11.96
- PAAS
- 10.83
- Min
- 3.93
WPM
Materials industry group
29.63
- Max
- 59.00
- Q3
- 32.93
- WPM
- 29.63
- Median
- 18.82
- Q1
- 11.96
- Min
- 3.93
P/S Ratio (TTM)
Pan American Silver (PAAS) at 3.80 prices around its industry’s typical P/S ratio, while Wheaton Precious Metals (WPM) at 17.86 clears its benchmark range — WPM looks notably rich on sales.
PAAS
Materials industry group
3.80
- Max
- 9.62
- Q3
- 4.34
- PAAS
- 3.80
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
WPM
Materials industry group
17.86
- WPM
- 17.86
- Max
- 9.62
- Q3
- 4.34
- Median
- 1.87
- Q1
- 0.73
- Min
- 0.00
P/B Ratio (MRQ)
Pan American Silver (PAAS) at 2.29 is valued about in line with its industry on P/B ratio, while Wheaton Precious Metals (WPM) at 6.17 carries an above-peer premium to book — WPM is pricier on assets.
PAAS
Materials industry group
2.29
- Max
- 6.59
- Q3
- 3.55
- PAAS
- 2.29
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
WPM
Materials industry group
6.17
- Max
- 6.59
- WPM
- 6.17
- Q3
- 3.55
- Median
- 2.08
- Q1
- 1.26
- Min
- -0.17
Valuation Metrics
| Metric | PAAS | WPM |
|---|---|---|
| P/E Ratio (TTM) | 10.83 | 29.63 |
| P/S Ratio (TTM) | 3.80 | 17.86 |
| P/B Ratio (MRQ) | 2.29 | 6.17 |
| Free Cash Flow Yield (TTM) | 8.01% | -5.11% |