MUX vs PAAS

For growth investors, Pan American Silver Corp.

(PAAS) is the stronger pick with 30. 6% revenue growth year-over-year, versus 13. 2% for McEwen Mining Inc. (MUX). Pan American Silver Corp. (PAAS) offers the better valuation at 22. 1x trailing P/E (12. 4x forward), making it the more compelling value choice. Analysts rate McEwen Mining Inc. (MUX) a "Buy" — based on 7 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.

On trailing P/E, Pan American Silver Corp.

(PAAS) is the cheapest at 22. 1x versus McEwen Mining Inc. at 39. 6x. On forward P/E, Pan American Silver Corp. is actually cheaper at 12. 4x.

Over the past 5 years, McEwen Mining Inc.

(MUX) delivered a total return of +79. 8%, compared to +71. 4% for Pan American Silver Corp. (PAAS). Over 10 years, the gap is even starker: PAAS returned +326. 1% versus MUX's -0. 1%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.

By beta (market sensitivity over 5 years), Pan American Silver Corp.

(PAAS) is the lower-risk stock at 0. 74β versus McEwen Mining Inc. 's 1. 27β — meaning MUX is approximately 73% more volatile than PAAS relative to the S&P 500. On balance sheet safety, McEwen Mining Inc. (MUX) carries a lower debt/equity ratio of 0% versus 13% for Pan American Silver Corp. — giving it more financial flexibility in a downturn.

By revenue growth (latest reported year), Pan American Silver Corp.

(PAAS) is pulling ahead at 30. 6% versus 13. 2% for McEwen Mining Inc. (MUX). On earnings-per-share growth, the picture is similar: Pan American Silver Corp. grew EPS 741. 9% year-over-year, compared to 168. 6% for McEwen Mining Inc.. Over a 3-year CAGR, PAAS leads at 35. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.

Pan American Silver Corp.

(PAAS) is the more profitable company, earning 27. 0% net margin versus 17. 4% for McEwen Mining Inc. — meaning it keeps 27. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: PAAS leads at 32. 3% versus -6. 5% for MUX. At the gross margin level — before operating expenses — PAAS leads at 37. 7%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.

On forward earnings alone, Pan American Silver Corp.

(PAAS) trades at 12. 4x forward P/E versus 22. 2x for McEwen Mining Inc. — 9. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for PAAS: 29. 7% to $75. 00.

All stocks in this comparison pay dividends.

Pan American Silver Corp. (PAAS) offers the highest yield at 0. 8%, versus 0. 2% for McEwen Mining Inc. (MUX).

For long-horizon retirement investors, Pan American Silver Corp.

(PAAS) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 74), 0. 8% yield, +326. 1% 10Y return). Both have compounded well over 10 years (PAAS: +326. 1%, MUX: -0. 1%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.

Both stocks operate in the Basic Materials sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.

In terms of investment character: MUX is a small-cap quality compounder stock; PAAS is a mid-cap high-growth stock. PAAS pays a dividend while MUX does not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.