5 Most Undervalued Growth Stocks to Buy According to Analysts

2. Pan American Silver Corp. (NYSE:PAAS)

Stock Upside Potential: 46.38%

Forward P/E: 8.48

Number of Hedge Fund Holders: 38

Pan American Silver Corp. (NYSE:PAAS) is one of the most undervalued growth stocks to buy, according to analysts. On March 24, Pan American Silver Corp. (NYSE:PAAS) outlined plans to transform its La Colorada property in Zacatecas, Mexico, into the world’s largest silver operation.

The company is planning a $1.9 billion expansion drive, having identified high-grade veins and portions of the skarn deposit at the La Colorada mine. The company expects the mine to evolve into one of the largest and lowest-cost silver mines, with silver production averaging 19.1 million ounces during the peak five years.

Part of the expansion plan entails the construction of a new 15,000 tons per day processing plant while operating the existing vein mine. Pan American Silver Corp also targets a 37-year mine life following plant construction. The $1.9 billion in capital costs is to be spread over six years, from 2026 to 2031,with the company planning to fund the project from existing operations.

Pan American Silver Corp. (NYSE:PAAS) is a premier Canadian-based mining company that explores, extracts, and produces silver and gold, along with base metals like zinc, lead, and copper, primarily in the Americas. It operates high-margin mines and aims to be the world’s leading silver producer, with operations in Canada, Mexico, Brazil, Argentina, and Peru.