Pan American Silver (PAAS) is About to Release Q3 Earnings: Here’s What’s on Tap[Stocks](https://moneymorning.com/category/article/stocks/) # Pan American Silver (PAAS) is About to Release Q3 Earnings: Here’s What’s on Tap  by Joshua Enomoto  November 11, 2025  Share it: **Pan American Silver** ( [PAAS](https://moneymorning.com/stocks/paas)) ranks among the heavily traded securities today just ahead of its third-quarter earnings report, scheduled for release after the closing bell on Wednesday. With the dramatic rise in precious metals this year, [PAAS](https://moneymorning.com/stocks/paas) stock has been a clear beneficiary, gaining about 85%. However, recent volatility — brought on by strength in the dollar along with profit-taking — has led to red ink, raising questions about the security’s future prospects. For Q3, Wall Street analysts anticipate that the silver-mining specialist will produce [earnings](https://www.tipranks.com/stocks/paas/earnings) per share of 49 cents on revenue of $854.99 million. In the year-ago quarter, the company posted EPS of 32 cents on sales of $696.09 million. At the time, the results were mixed, with Pan American beating out the EPS estimate of 19 cents but slipping against the topline forecast of $697.51 million. Interestingly, while [PAAS](https://moneymorning.com/stocks/paas) stock is clearly off from its Oct. 16 multi-year high, momentum has shifted positively in recent sessions. In the trailing five days, [PAAS](https://moneymorning.com/stocks/paas) has swung up nearly 10%, reflecting renewed optimism toward both silver and gold. On the quantitative front, the use of Russian axioms (developed from the foundational work of Andrey Kolmogorov and Andrey Markov) on a dataset extending back to January 2019 shows that the forward 10-week median returns of [PAAS](https://moneymorning.com/stocks/paas) stock can be arranged as a distributive curve.  Under this framework, outcomes would be expected to range mostly between $36.75 and $38.50 (assuming an anchor price of $37.31). Further, price clustering would likely be prominent at $37.60. This assessment stems from all aggregate sequences in the dataset. However, the argument is not that [PAAS](https://moneymorning.com/stocks/paas) stock is in a baseline or homeostatic state. Rather, it’s in a distributive state, structured in a 4-6-D sequence; that is, in the trailing 10 weeks, [PAAS](https://moneymorning.com/stocks/paas) has printed four up weeks and six down weeks, with an overall downward slope. Under this setup, primary clustering does fall a bit below the anchor, which of course is problematic. However, secondary clustering occurs at $40, implying a 7.21% positive delta relative to density dynamics associated with baseline conditions. As such, bullish speculators have some justification for their optimism heading into the Q3 disclosure. **Beat the market, without relying on brokers or biased institutions.** Email(Required) Facebook This field is for validation purposes and should be left unchanged. Subscribe By submitting your email address, you will receive a free subscription to _Money Morning!_ and occasional special offers from us and our affiliates. 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