Pan American Silver Rises as Precious-Metals Strength and Strong Cash Generation Support Shares

Pan American Silver Corp. (PAAS) is up 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a broader move into precious-metals names as silver and gold prices firmed, which tends to lift miners with strong leverage to metal prices. Pan American also entered the session with support from its recent quarterly results, which showed strong free cash flow, high-end silver production, and aggressive share repurchases.

Details:

Pan American’s latest quarterly release showed attributable silver production of 6.47 million ounces, landing at the high end of its quarterly guidance range.

The company generated $344 million of attributable free cash flow in the second quarter and ended June with $1.8 billion in cash and short-term investments.

Management reiterated its 2026 operating outlook for silver and gold production, while continuing a large shareholder return program through dividends and buybacks.

This could also be because investors rotated toward silver miners as precious-metals prices rebounded during the day, improving sentiment for producers with strong exposure to silver prices.

Sources:

Pan American Silver, AP News, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$PAAS Hedge Fund Activity

We have seen 261 institutional investors add shares of $PAAS stock to their portfolio, and 336 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP removed 3,371,454 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $151,007,424
JANE STREET GROUP, LLC removed 3,079,908 shares (-48.3%) from their portfolio in Q2 2026, for an estimated $137,949,079
VAN ECK ASSOCIATES CORP removed 2,460,257 shares (-11.4%) from their portfolio in Q2 2026, for an estimated $110,194,911
JPMORGAN CHASE & CO added 2,443,216 shares (+inf%) to their portfolio in Q2 2026, for an estimated $109,431,644
FIL LTD removed 2,354,008 shares (-60.9%) from their portfolio in Q2 2026, for an estimated $105,436,018
INVESCO LTD. removed 1,756,907 shares (-39.0%) from their portfolio in Q2 2026, for an estimated $78,691,864
MORGAN STANLEY added 1,711,991 shares (+55.6%) to their portfolio in Q2 2026, for an estimated $76,680,076

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 13F endpoint.

$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 $70.5.

Here are some recent targets:

Lawson Winder from B of A Securities set a target price of $69.0 on 07/09/2026
Fahad Tariq from Jefferies set a target price of $53.0 on 07/06/2026
Wayne Lam from TD Cowen set a target price of $72.0 on 05/12/2026
Josh Wolfson from RBC Capital set a target price of $75.0 on 04/28/2026

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.

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