Pan American Silver (PAAS) slides as silver prices drop sharply ahead of upcoming results

Pan American Silver Corp. (PAAS) is down 5.1% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks primarily tied to a broad selloff in silver, which tends to pressure silver miners via operating leverage and sentiment. With PAAS set to report quarterly results soon, some investors may also be reducing exposure ahead of the event.

Details:

Spot silver fell more than 4% in the session, a sizable one-day commodity move that often drives amplified declines in silver-focused equities.

Macro narratives around inflation and interest rates can weigh on non-yielding precious metals, and miners frequently follow the metal lower on down days.

Pan American scheduled its first-quarter 2026 results for after market close on May 5, 2026, with a related webcast on May 6, 2026, creating a near-term “event risk” window for the stock.

In recent weeks, at least one major sell-side firm reduced its PAAS price target, which may have contributed to more valuation sensitivity on a weak metals tape.

Sources:

Trading Economics, Pan American Silver (Investor Relations), StreetInsider

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 272 institutional investors add shares of $PAAS stock to their portfolio, and 237 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. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$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. You can access data on congressional stock trades through the Quiver Quantitative API.

$PAAS Analyst Ratings

Wall Street analysts have issued reports on $PAAS in the last several months. We have seen 1 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

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 $59.0.

Here are some recent targets:

Josh Wolfson from RBC Capital set a target price of $75.0 on 04/28/2026
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

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.