Pan American Silver jumps as record 2025 results, higher dividend, and a rebound in silver prices lift sentiment

Pan American Silver (PAAS) is up 5.7% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to fresh enthusiasm following Pan American’s record Q4 and full-year 2025 results and an increased dividend, alongside a notable rebound in silver prices that tends to amplify upside in silver-levered miners. Investors may also be reacting to the company’s 2026 outlook calling for higher attributable silver production versus 2025.

Details:

The company reported record Q4 and full-year 2025 financial performance, highlighting strong operating margins alongside production and costs that were in line with (or better than) guidance.

Pan American raised its quarterly dividend by 29% to $0.18 per share (declared Feb. 18, 2026), signaling confidence in cash generation and balance sheet strength.

Management guided for 2026 attributable silver production of 25–27 million ounces and provided segment cost ranges, with production growth supported by a full-year contribution from Juanicipio.

Silver prices rose sharply on Feb. 20, 2026 (roughly +3% to +4% in early trading), which can mechanically boost revenue expectations and near-term sentiment for silver producers.

Sources:

Pan American Silver, MarketWatch, The Motley Fool

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 269 institutional investors add shares of $PAAS stock to their portfolio, and 259 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.