Pan American Silver Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

DB:PA2 Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
13 May 26	Sell€109,103	Guido Mastropietro	Individual	2,000	€54.55
25 Feb 26	Buy€553	Delaney Fisher	Individual	10	€55.35
24 Feb 26	Sell€54,934	Neil de Gelder	Individual	1,000	€54.93
26 Jan 26	Sell€85,314	Gillian Winckler	Individual	1,500	€56.88
26 Jan 26	Sell€277,098	Christopher Emerson	Individual	5,000	€56.72
23 Jan 26	Sell€554,205	Martin Wafforn	Individual	10,000	€55.42
22 Jan 26	Sell€36,629	Sean McAleer	Individual	702	€52.18
22 Jan 26	Sell€762,938	Christopher Lemon	Individual	14,656	€52.06
13 Jan 26	Sell€176,823	Sean McAleer	Individual	3,625	€48.78
05 Jan 26	Sell€1,156,017	Steven Busby	Individual	25,000	€46.30
30 Dec 25	Sell€89,716	Gillian Winckler	Individual	2,000	€44.86
30 Dec 25	Sell€79,160	Siren Fisekci	Individual	2,795	€44.93
19 Dec 25	Sell€23,548	Martin Wafforn	Individual	528	€44.60
19 Dec 25	Sell€47,102	Martin Wafforn	Individual	1,056	€44.60
19 Dec 25	Sell€442,569	Martin Wafforn	Individual	10,000	€44.26
12 Dec 25	Sell€138,359	Neil de Gelder	Individual	3,125	€44.27
12 Dec 25	Sell€1,211,955	Michael Steinmann	Individual	27,894	€43.56
26 Sep 25	Sell€82,128	Gillian Winckler	Individual	2,500	€32.85
12 Sep 25	Sell€213,854	Matthew Andrews	Individual	6,704	€31.90
08 Sep 25	Sell€759,883	Sean McAleer	Individual	25,000	€30.44
10 Jul 25	Sell€31,929	Guido Mastropietro	Individual	1,289	€24.77
06 Jun 25	Sell€139,305	Cameron Paterson	Individual	5,538	€25.15
02 Jun 25	Buy€27,565	Kimberly Keating	Individual	1,200	€22.97

Insider Trading Volume

Insider Buying: PA2 insiders have only sold shares in the past 3 months.

Ownership Breakdown

What is the ownership structure of PA2?
Owner Type	Number of Shares	Ownership Percentage
State or Government	0	0%
Individual Insiders	428,783	0.102%
General Public	183,083,269	43.5%
Institutions	237,837,948	56.4%

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.3%.

Top Shareholders

Top 25 shareholders own 31.77% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
5.11%	Van Eck Associates Corporation	21,526,928	€1.0b	-45.6%	0.6%
3.65%	Mirae Asset Global Investments Co., Ltd.	15,359,142	€739.6m	-3.16%	0.44%
2.71%	Vanguard Capital Management, LLC	11,439,065	€550.8m	0%	0.01%
2.08%	BlackRock, Inc.	8,777,361	€422.6m	-24.3%	0.01%
1.51%	Jane Street Group, LLC	6,373,847	€306.9m	3,490%	0.3%
1.48%	Capital Research and Management Company	6,248,346	€300.9m	32.7%	0.01%
1.39%	Norges Bank Investment Management	5,858,647	€282.1m	0%	0.02%
1.05%	Geode Capital Management, LLC	4,406,128	€212.2m	15.1%	0.01%
1%	Invesco Ltd.	4,220,712	€203.2m	-28%	0.05%
0.92%	Fidelity International Ltd	3,865,449	€186.1m	-47.1%	0.07%
0.87%	Vanguard Fiduciary Trust Company	3,651,827	€175.8m	-1.81%	0.02%
0.85%	Millennium Management LLC	3,600,694	€173.4m	200%	0.12%
0.83%	Dimensional Fund Advisors LP	3,509,064	€169.0m	-1.92%	0.02%
0.82%	RBC Global Asset Management Inc.	3,471,990	€167.2m	-2.23%	0.08%
0.8%	Arrowstreet Capital, Limited Partnership	3,371,454	€162.3m	-26.4%	0.09%
0.74%	Connor, Clark & Lunn Investment Management Ltd.	3,116,439	€150.1m	-22.1%	0.33%
0.71%	Konwave AG (Gold 2000)	3,003,700	€144.6m	0%	4.18%
0.7%	Tidal Investments LLC	2,956,387	€142.4m	15.2%	0.42%
0.68%	Manulife Asset Management	2,849,263	€137.2m	-2.99%	0.1%
0.67%	Morgan Stanley	2,809,466	€135.3m	30%	0.01%
0.65%	Legal & General Investment Management Limited	2,735,820	€131.7m	0.2%	0.03%
0.64%	Ninety One UK Limited	2,700,518	€130.0m	21.4%	0.17%
0.64%	BMO Asset Management Corp.	2,692,081	€129.6m	9.08%	0.04%
0.63%	Canada Pension Plan Investment Board	2,666,026	€128.4m	1.93%	0.06%
0.63%	Qube Research & Technologies Ltd	2,659,724	€128.1m	1,050%	0.2%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/05/26 06:44
End of Day Share Price	2026/05/26 00:00
Earnings	2026/03/31
Annual Earnings	2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Pan American Silver Corp. is covered by 23 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Matthew Murphy	BMO Capital Markets Equity Research
Kevin O'Halloran	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research