Gabelli Funds LLC Acquires 60,600 Shares of Pan American Silver Corp. $PAAS

Key Points

• Gabelli Funds LLC increased its stake in Pan American Silver by 10.5%, buying 60,600 shares to hold 637,400 shares (about 0.15%) worth roughly $24.7 million at quarter-end.
• Strong financials and shareholder actions: Pan American posted record 2025 results (EPS $1.11 vs. $0.90 est., revenue $1.18B vs. $1.11B est.), raised its quarterly dividend to $0.18 and renewed a share buyback program.
• Growth catalysts and analyst view: Discovery of multiple high‑grade veins at the La Colorada mine boosts resource potential, while analysts rate the stock a "Moderate Buy" on average with a $56.60 target (five Buys, four Holds).

Gabelli Funds LLC grew its holdings in shares of Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 10.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 637,400 shares of the basic materials company's stock after acquiring an additional 60,600 shares during the quarter. Gabelli Funds LLC owned 0.15% of Pan American Silver worth $24,687,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Rothschild Investment LLC bought a new position in shares of Pan American Silver during the 3rd quarter valued at $36,000. City State Bank raised its position in Pan American Silver by 74.4% in the 3rd quarter. City State Bank now owns 1,020 shares of the basic materials company's stock worth $40,000 after purchasing an additional 435 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Pan American Silver by 93.6% in the third quarter. EverSource Wealth Advisors LLC now owns 1,028 shares of the basic materials company's stock worth $40,000 after purchasing an additional 497 shares during the last quarter. Assetmark Inc. lifted its stake in Pan American Silver by 3,111.4% in the third quarter. Assetmark Inc. now owns 1,124 shares of the basic materials company's stock worth $44,000 after purchasing an additional 1,089 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in Pan American Silver by 53.6% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,703 shares of the basic materials company's stock valued at $48,000 after buying an additional 594 shares during the period. 55.43% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PAAS. Canadian Imperial Bank of Commerce set a $88.00 price objective on Pan American Silver and gave the company an "outperform" rating in a research note on Wednesday, February 4th. Scotiabank boosted their target price on Pan American Silver from $47.00 to $64.00 and gave the company an "outperform" rating in a research note on Monday, January 26th. Jefferies Financial Group dropped their target price on Pan American Silver from $58.00 to $54.00 and set a "hold" rating for the company in a report on Wednesday, January 21st. Zacks Research cut Pan American Silver from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, December 31st. Finally, Bank of America lifted their price target on Pan American Silver from $46.00 to $51.00 and gave the stock a "buy" rating in a research note on Monday, December 1st. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Pan American Silver has an average rating of "Moderate Buy" and an average target price of $56.60.

Key Stories Impacting Pan American Silver

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

• Positive Sentiment: Major exploration success at La Colorada — Pan American announced discovery drilling that identified at least four new high‑grade veins between the Cristina and San Gerónimo systems, expanding silver, gold and base‑metal potential and supporting phased underground development options that could extend mine life and add future resources. Pan American Silver Discovers New High-Grade Veins at the La Colorada Mine
• Positive Sentiment: Strong 2025 results and cash generation — Pan American reported record 2025 earnings and free cash flow driven by higher metal prices and production, which improves balance‑sheet flexibility and underpins the company’s increased dividend. That financial strength supports capital allocation for exploration and growth. Pan American Silver (PAAS) Posts Record 2025 Earnings and Free Cash Flow on Strong Metal Prices
• Positive Sentiment: Share‑support actions — The company announced renewal of its Normal Course Issuer Bid (buyback) alongside the dividend increase, which is a shareholder‑friendly use of cash that can help support the share price over time. Pan American Silver Announces Renewal of Normal Course Issuer Bid
• Neutral Sentiment: Analyst/valuation reviews — Coverage is mixed: the stock’s strong year‑to‑date rally has prompted valuation checks and discussion about upside to ~US$70 levels, meaning upside is being actively debated even as fundamentals improve. Monitor revisions to consensus estimates as the company converts La Colorada exploration into formal resource updates. Is Pan American Silver Going to $70?
• Negative Sentiment: Near‑term profit‑taking / volatility — After the strong earnings and exploration headlines, some outlets noted a pullback/short‑term selloff as traders lock in gains, creating intraday volatility despite the positive operational news. This suggests momentum traders may be tempering exposure while longer‑term investors assess reserve upgrades and the timing of any production extensions. Pan American Silver TSX: PAAS Is Down 6.0% After Record 2025 Earnings And Dividend Hike - Has The Bull Case Changed?

Pan American Silver Price Performance

Shares of Pan American Silver stock opened at $59.65 on Friday. The company's fifty day simple moving average is $58.44 and its two-hundred day simple moving average is $46.14. Pan American Silver Corp. has a 12-month low of $20.55 and a 12-month high of $69.99. The firm has a market cap of $25.16 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of 0.55 and a beta of 0.62. The company has a quick ratio of 1.97, a current ratio of 2.69 and a debt-to-equity ratio of 0.11.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last issued its quarterly earnings data on Wednesday, February 18th. The basic materials company reported $1.11 EPS for the quarter, beating the consensus estimate of $0.90 by $0.21. The firm had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.11 billion. Pan American Silver had a net margin of 27.07% and a return on equity of 16.38%. The company's quarterly revenue was up 44.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.35 earnings per share. As a group, equities analysts expect that Pan American Silver Corp. will post 1.26 EPS for the current year.

Pan American Silver Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 13th. Shareholders of record on Monday, March 2nd will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Monday, March 2nd. This is a positive change from Pan American Silver's previous quarterly dividend of $0.14. Pan American Silver's dividend payout ratio is currently 28.80%.

Pan American Silver Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.