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
09 Dec 24	Sell€86,461	Scott Campbell	Individual	3,904	€22.15
05 Jul 24	Sell€55,369	Steven Busby	Individual	3,800	€14.57
21 Jun 24	Sell€8,042	Steven Busby	Individual	424	€18.98

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

What is the ownership structure of PA2?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	583,010	0.161%
General Public	149,128,354	41.2%
Institutions	212,478,636	58.7%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 25 shareholders own 40.3% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
8.8%	Van Eck Associates Corporation	31,878,598	€645.0m	-9.09%	0.71%
4.12%	Fidelity International Ltd	14,936,470	€302.2m	11.6%	0.13%
3.91%	The Vanguard Group, Inc.	14,146,213	€286.2m	0.99%	no data
2.73%	FMR LLC	9,904,151	€200.4m	131%	0.01%
2.49%	Mirae Asset Global Investments Co., Ltd.	9,029,241	€182.7m	11.9%	0.15%
2.29%	BlackRock, Inc.	8,307,227	€168.1m	-10.4%	no data
1.64%	Invesco Ltd.	5,950,434	€120.4m	1.6%	0.04%
1.3%	Slate Path Capital LP	4,717,000	€95.4m	0%	1.81%
1.26%	Norges Bank Investment Management	4,546,642	€92.0m	0%	0.01%
1.24%	Konwave AG (Gold 2000)	4,476,700	€90.6m	0%	7.58%
1.23%	Connor, Clark & Lunn Investment Management Ltd.	4,451,864	€90.1m	319%	0.4%
1.05%	Columbia Management Investment Advisers, LLC	3,811,684	€77.1m	21.2%	0.02%
0.84%	RBC Global Asset Management Inc.	3,036,480	€61.4m	-7.29%	0.04%
0.81%	Sprott Inc.	2,948,457	€59.7m	1.16%	2.43%
0.71%	Baker Steel Capital Managers LLP	2,568,800	€52.0m	0%	4.93%
0.68%	Dimensional Fund Advisors LP	2,450,731	€49.6m	26%	0.01%
0.64%	Fédération des Caisses Desjardins du Québec, Asset Management Arm	2,313,131	€46.8m	13.5%	0.28%
0.63%	Geode Capital Management, LLC	2,267,243	€45.9m	11.8%	no data
0.61%	Morgan Stanley, Investment Banking and Brokerage Investments	2,207,189	€44.7m	-22.2%	0.01%
0.59%	Driehaus Capital Management LLC	2,151,187	€43.5m	77.2%	0.3%
0.58%	Millennium Management LLC	2,089,322	€42.3m	4.05%	0.04%
0.56%	Ninety One UK Limited	2,023,415	€40.9m	-4.01%	0.07%
0.54%	TD Asset Management, Inc.	1,971,544	€39.9m	71.7%	0.03%
0.54%	Amundi Asset Management SAS	1,940,394	€39.3m	25.3%	0.01%
0.51%	BMO Asset Management Corp.	1,849,634	€37.4m	5.56%	0.02%

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/20 11:40
End of Day Share Price	2025/05/20 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

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 36 analysts. 5 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
Kevin O'Halloran	BMO Capital Markets Equity Research
Matthew Murphy	BMO Capital Markets Equity Research
Lawson Winder	BofA Global Research