Pan American Silver falls 3.3% as silver and gold pull back, sparking profit-taking in miners

Pan American Silver (PAAS) is down 3.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks primarily tied to a pullback in precious-metals prices, with silver and gold both trading lower and prompting profit-taking across silver-linked equities. With PAAS up strongly in recent months, a down day in the underlying metals can translate into an amplified decline in the stock.

Details:

Silver and gold traded lower on the day, a backdrop that often pressures primary silver producers such as Pan American Silver.

The company recently highlighted strong 2025 financial performance and announced a quarterly dividend of $0.18 per share (payable around March 13, 2026, with a March 2, 2026 record date), leaving the stock sensitive to short-term shifts in precious-metals sentiment after a strong run.

Pan American Silver also announced the renewal of its normal course issuer bid to repurchase up to 5% of its common shares, which can support longer-term value but does not necessarily prevent day-to-day volatility.

This could also be a broader risk-off rotation out of high-beta metals stocks ahead of key macro catalysts, which sometimes hits miners harder than the metals themselves.

Sources:

Moneycontrol, Business Wire, Pan American Silver

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$PAAS Hedge Fund Activity

We have seen 270 institutional investors add shares of $PAAS stock to their portfolio, and 260 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FOURTH SAIL CAPITAL LP removed 17,901,528 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $927,478,165
VAN ECK ASSOCIATES CORP removed 5,559,160 shares (-12.3%) from their portfolio in Q4 2025, for an estimated $288,020,079
FIL LTD added 4,438,478 shares (+154.7%) to their portfolio in Q4 2025, for an estimated $229,957,545
BLACKROCK, INC. added 4,250,372 shares (+57.8%) to their portfolio in Q4 2025, for an estimated $220,211,773
CAPITAL INTERNATIONAL INVESTORS added 4,159,115 shares (+inf%) to their portfolio in Q4 2025, for an estimated $215,483,748
INVESCO LTD. removed 3,908,524 shares (-39.5%) from their portfolio in Q4 2025, for an estimated $202,500,628
AMERIPRISE FINANCIAL INC removed 2,101,184 shares (-59.6%) from their portfolio in Q4 2025, for an estimated $108,862,343

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$PAAS Congressional Stock Trading

Members of Congress have traded $PAAS stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $PAAS stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. sold up to $100,000 on 01/27.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$PAAS Analyst Ratings

Wall Street analysts have issued reports on $PAAS in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

B of A Securities issued a "Buy" rating on 12/01/2025
Scotiabank issued a "Sector Outperform" rating on 10/23/2025
CIBC issued a "Outperformer" rating on 10/10/2025

To track analyst ratings and price targets for $PAAS, check out Quiver Quantitative's $PAAS forecast page.

$PAAS Price Targets

Multiple analysts have issued price targets for $PAAS recently. We have seen 4 analysts offer price targets for $PAAS in the last 6 months, with a median target of $58.0.

Here are some recent targets:

Ovais Habib from Scotiabank set a target price of $64.0 on 01/26/2026
Fahad Tariq from Jefferies set a target price of $54.0 on 01/21/2026
Lawson Winder from B of A Securities set a target price of $51.0 on 12/01/2025
Cosmos Chiu from CIBC set a target price of $62.0 on 10/10/2025

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.