Pan American Silver Corp. $PAAS Stock Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Pan American Silver stake by 96.4% in the third quarter, selling 247,469 shares and retaining 9,273 shares valued at approximately $422,000.
• Despite Assenagon’s sale, several institutional investors increased their positions, including Ninety One UK, Andra AP fonden and NewEdge Advisors. Institutional investors and hedge funds collectively own 55.43% of the company.
• Pan American Silver’s latest quarterly results missed analyst expectations, with EPS of $0.73 versus $0.84 expected and revenue of $1.12 billion versus $1.16 billion forecast. Analysts maintain a “Moderate Buy” consensus with a $67.71 target price, while the company’s annualized dividend yield is approximately 1.8%.

Assenagon Asset Management S.A. lowered its holdings in Pan American Silver Corp. (NYSE:PAAS - Free Report) TSE: PAAS by 96.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,273 shares of the basic materials company's stock after selling 247,469 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Pan American Silver were worth $422,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Ninety One UK Ltd raised its stake in Pan American Silver by 21.5% during the 3rd quarter. Ninety One UK Ltd now owns 2,727,961 shares of the basic materials company's stock valued at $124,150,000 after acquiring an additional 481,873 shares during the last quarter. Andra AP fonden boosted its position in Pan American Silver by 33.9% in the 2nd quarter. Andra AP fonden now owns 252,245 shares of the basic materials company's stock valued at $11,298,000 after buying an additional 63,800 shares during the last quarter. Sequoia Financial Advisors LLC raised its stake in Pan American Silver by 5.6% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 10,997 shares of the basic materials company's stock worth $493,000 after buying an additional 585 shares during the period. Integrated Wealth Concepts LLC lifted its holdings in shares of Pan American Silver by 34.3% in the second quarter. Integrated Wealth Concepts LLC now owns 16,199 shares of the basic materials company's stock valued at $726,000 after purchasing an additional 4,136 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Pan American Silver by 871.7% during the second quarter. NewEdge Advisors LLC now owns 229,888 shares of the basic materials company's stock worth $10,297,000 after buying an additional 206,230 shares during the last quarter. 55.43% of the stock is owned by institutional investors and hedge funds.

Pan American Silver Stock Performance

Shares of NYSE:PAAS opened at $40.11 on Friday. Pan American Silver Corp. has a 1 year low of $33.08 and a 1 year high of $69.99. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.94 and a quick ratio of 2.23. The firm has a market capitalization of $16.60 billion, a PE ratio of 12.12, a P/E/G ratio of 4.61 and a beta of 0.75. The business's 50 day moving average price is $48.18 and its 200-day moving average price is $49.75.

Pan American Silver (NYSE:PAAS - Get Free Report) TSE: PAAS last released its quarterly earnings results on Wednesday, August 12th. The basic materials company reported $0.73 EPS for the quarter, missing the consensus estimate of $0.84 by ($0.11). The firm had revenue of $1.12 billion for the quarter, compared to analysts' expectations of $1.16 billion. Pan American Silver had a net margin of 32.04% and a return on equity of 20.01%. The firm's quarterly revenue was up 38.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts expect that Pan American Silver Corp. will post 3.34 earnings per share for the current fiscal year.

Pan American Silver Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 4th. Investors of record on Monday, August 24th were issued a C$0.18 dividend. This represents a $0.74 dividend on an annualized basis and a yield of 1.8%. This is a boost from Pan American Silver's previous quarterly dividend of C$0.18. The ex-dividend date was Monday, August 24th. Pan American Silver's dividend payout ratio (DPR) is 22.05%.

Pan American Silver News Summary

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

• Positive Sentiment: National Bank Financial slightly raised its FY2030 EPS forecast to $5.35 from $5.34, indicating a broadly stable long-term earnings outlook.
• Neutral Sentiment: The firm continues to project earnings growth over time, including EPS of $3.52 in FY2026, $3.99 in FY2027, $6.37 in FY2028 and $5.76 in FY2029. However, most of these forecasts were reduced. Pan American Silver stock information
• Negative Sentiment: National Bank Financial cut its Q3 2026 EPS estimate to $0.68 from $0.82 and reduced its FY2026 forecast to $3.52 from $3.72. The near-term cuts may raise concerns about operating performance, production, metal prices or costs ahead of results.
• Negative Sentiment: Forecasts for FY2027 EPS fell to $3.99 from $4.31, while FY2028 EPS declined to $6.37 from $6.65 and FY2029 EPS dropped to $5.76 from $5.83. Quarterly estimates for Q1 through Q4 2027 and Q1 through Q3 2028 were also trimmed, with the largest reductions generally affecting 2027 results.
• Negative Sentiment: The revisions follow an earlier quarterly report in which Pan American Silver reported EPS and revenue below consensus estimates, although revenue still increased substantially year over year. The combination of prior misses and fresh forecast cuts is likely weighing on sentiment. Zacks Pan American Silver stock analysis

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. Zacks Research upgraded Pan American Silver from a "strong sell" rating to a "hold" rating in a research note on Tuesday, August 18th. Bank of America dropped their price target on shares of Pan American Silver from $77.00 to $69.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Scotiabank reiterated an "outperform" rating on shares of Pan American Silver in a research report on Tuesday, July 14th. Wall Street Zen cut shares of Pan American Silver from a "buy" rating to a "hold" rating in a research note on Saturday, August 15th. Finally, Jefferies Financial Group lowered their price objective on Pan American Silver from $54.00 to $53.00 and set a "hold" rating for the company in a research note on Monday, July 6th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $67.71.

About Pan American Silver

Pan American Silver Corp. is a Canada-based precious metals mining company that explores, develops and operates mines producing silver, gold, zinc, lead and other mineral concentrates. Its activities include mine development, mineral processing, exploration and related infrastructure and support services.

Founded in 1994, Pan American Silver has built a portfolio of mining operations and projects across the Americas. The company's assets have included operations in Mexico, Peru, Bolivia, Argentina, Brazil and Chile, while certain properties in countries such as Guatemala have been placed on care and maintenance or otherwise reassessed over time.

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