Pan American Silver Corp. $PAAS Shares Sold by Ruffer LLP

Ruffer LLP reduced its position in Pan American Silver Corp. (NYSE:PAAS) (TSE:PAAS) by 32.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 608,328 shares of the basic materials company’s stock after selling 293,423 shares during the quarter. Pan American Silver comprises approximately 1.4% of Ruffer LLP’s investment portfolio, making the stock its 21st largest position. Ruffer LLP’s holdings in Pan American Silver were worth $31,567,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Pan American Silver by 51.8% in the 3rd quarter. Van ECK Associates Corp now owns 45,142,060 shares of the basic materials company’s stock worth $1,748,355,000 after acquiring an additional 15,405,762 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Pan American Silver by 21.2% in the 3rd quarter. Vanguard Group Inc. now owns 17,191,611 shares of the basic materials company’s stock worth $666,192,000 after acquiring an additional 3,006,055 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Pan American Silver by 38.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 14,462,912 shares of the basic materials company’s stock worth $560,149,000 after acquiring an additional 4,037,311 shares during the last quarter. Invesco Ltd. increased its stake in shares of Pan American Silver by 9.8% in the 3rd quarter. Invesco Ltd. now owns 9,898,397 shares of the basic materials company’s stock worth $383,365,000 after acquiring an additional 882,135 shares during the last quarter. Finally, First Eagle Investment Management LLC acquired a new stake in shares of Pan American Silver in the 3rd quarter worth $178,004,000. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver News Summary

Here are the key news stories impacting Pan American Silver this week:

• Positive Sentiment: Bank of America recently raised its price target for PAAS (reported in coverage calling PAAS a top long‑term Canadian pick), supporting longer‑term investor sentiment. Is Pan American Silver (PAAS) One of the Best Canadian Stocks to Buy for Long Term?
• Positive Sentiment: Broker consensus remains constructive: PAAS is carrying a “Moderate Buy” consensus from brokerages, which can buoy demand from institutional/quant strategies. Pan American Silver Receives Consensus Rating of “Moderate Buy”
• Neutral Sentiment: Pan American scheduled Q1 2026 unaudited results for release after the close on May 5 and will hold its Annual General & Special Meeting on April 30 — clears the calendar for near‑term catalysts and an earnings event on May 5 (conference call May 6). Pan American Silver to Announce First Quarter 2026 Unaudited Results
• Neutral Sentiment: Sector pieces comparing PAAS to SSR Mining highlight that both miners are benefitting from higher silver/gold prices; these comparisons help inform relative positioning but don’t change company‑specific fundamentals. Pan American Silver vs. SSR Mining: Which Mining Stock Wins Now?
• Negative Sentiment: National Bank Financial (analyst D. Demarco) issued widespread cuts to PAAS EPS estimates across multiple quarters and years (examples: Q1 2026 cut to $1.06 from $1.35; Q2 2026 to $1.19 from $1.44; Q4 2026 to $1.06 from $1.38; FY2026 to $4.48 from $5.53; FY2027 to $5.71 from $6.50; FY2028 to $5.04 from $5.92; FY2029 to $3.62 from $4.38; FY2030 to $2.27 from $2.92). These downward revisions reduce near‑to‑medium‑term earnings expectations and are the most direct negative catalyst for the stock today. MarketBeat PAAS coverage (source for analyst note summary)

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PAAS. Jefferies Financial Group cut their target price on Pan American Silver from $58.00 to $54.00 and set a “hold” rating for the company in a research note on Wednesday, January 21st. Zacks Research raised Pan American Silver from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, March 24th. Wall Street Zen downgraded Pan American Silver from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Scotiabank raised their target price on Pan American Silver from $47.00 to $64.00 and gave the stock an “outperform” rating in a research note on Monday, January 26th. Finally, Canadian Imperial Bank of Commerce set a $88.00 price target on Pan American Silver and gave the stock an “outperform” rating in a report on Wednesday, February 4th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $56.60.

Pan American Silver Stock Performance

NYSE PAAS opened at $55.64 on Wednesday. The stock has a market cap of $23.45 billion, a PE ratio of 22.26, a P/E/G ratio of 0.49 and a beta of 0.75. The company has a current ratio of 2.69, a quick ratio of 1.97 and a debt-to-equity ratio of 0.11. Pan American Silver Corp. has a twelve month low of $22.08 and a twelve month high of $69.99. The stock has a fifty day simple moving average of $57.61 and a 200-day simple moving average of $50.65.

Pan American Silver (NYSE:PAAS) (TSE:PAAS) last announced its earnings results on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.90 by $0.21. Pan American Silver had a return on equity of 16.38% and a net margin of 27.07%.The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the business posted $0.35 EPS. Pan American Silver’s revenue for the quarter was up 44.7% on a year-over-year basis. Equities analysts anticipate that Pan American Silver Corp. will post 4.42 earnings per share for the current year.

Pan American Silver Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 13th. Investors of record on Monday, March 2nd were issued a dividend of $0.18 per share. This is a positive change from Pan American Silver’s previous quarterly dividend of $0.14. The ex-dividend date was Monday, March 2nd. This represents a $0.72 dividend on an annualized basis and a yield of 1.3%. Pan American Silver’s dividend payout ratio (DPR) is 28.80%.

About Pan American Silver

Pan American Silver Corp. (NYSE: PAAS) is a Vancouver-based mining company and one of the world’s largest primary silver producers. The company’s core activities encompass the exploration, development, extraction and processing of silver, with significant by-product production of gold, zinc and lead. Pan American Silver maintains a vertically integrated operating model, covering the full mining value chain from resource discovery through to refined metal production.

With a geographic footprint concentrated across the Americas, Pan American Silver operates multiple mines in Mexico, Peru, Argentina and Bolivia, and is advancing several development and exploration projects in Chile and Ecuador.