PAAS vs NEM

For growth investors, Pan American Silver Corp.

(PAAS) is the stronger pick with 30. 6% revenue growth year-over-year, versus 19. 1% for Newmont Corporation (NEM). Newmont Corporation (NEM) offers the better valuation at 17. 7x trailing P/E (10. 9x forward), making it the more compelling value choice. Analysts rate Pan American Silver Corp. (PAAS) a "Buy" — based on 24 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, Newmont Corporation (NEM) is the cheapest at 17.

7x versus Pan American Silver Corp. at 22. 1x. On forward P/E, Newmont Corporation is actually cheaper at 10. 9x. The PEG ratio (P/E divided by earnings growth rate) is the most growth-adjusted single valuation metric: Pan American Silver Corp. wins at 0. 49x versus Newmont Corporation's 0. 85x — a PEG below 1. 0 traditionally signals the market is underpricing earnings growth.

Over the past 5 years, Newmont Corporation (NEM) delivered a total return of +80.

0%, compared to +71. 4% for Pan American Silver Corp. (PAAS). Over 10 years, the gap is even starker: PAAS returned +326. 1% versus NEM's +293. 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 Newmont Corporation's 0. 75β — meaning NEM is approximately 2% more volatile than PAAS relative to the S&P 500. On balance sheet safety, Newmont Corporation (NEM) carries a lower debt/equity ratio of 1% 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 19. 1% for Newmont Corporation (NEM). On earnings-per-share growth, the picture is similar: Pan American Silver Corp. grew EPS 741. 9% year-over-year, compared to 124. 1% for Newmont Corporation. 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.

Newmont Corporation (NEM) is the more profitable company, earning 32.

1% net margin versus 27. 0% for Pan American Silver Corp. — meaning it keeps 32. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: NEM leads at 46. 9% versus 32. 3% for PAAS. At the gross margin level — before operating expenses — NEM leads at 49. 8%, 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.

The PEG ratio (forward P/E divided by expected earnings growth rate) is the most precise measure of undervaluation relative to growth potential.

By this metric, Pan American Silver Corp. (PAAS) is the more undervalued stock at a PEG of 0. 49x versus Newmont Corporation's 0. 85x. A PEG below 1. 0 is traditionally considered the threshold for growth-adjusted undervaluation. On forward earnings alone, Newmont Corporation (NEM) trades at 10. 9x forward P/E versus 12. 4x for Pan American Silver Corp. — 1. 5x 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.

Newmont Corporation (NEM) offers the highest yield at 0. 9%, versus 0. 8% for Pan American Silver Corp. (PAAS).

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%, NEM: +293. 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.

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.