Jefferies analyst Matthew Murphy raised the firm’s price target on Pan American Silver (PAAS) to $24 from $23 and keeps a Hold rating on the shares. The firm continues to see gold price support from central bank purchases and the Fed rate cut cycle, albeit at a slower pace than previously envisaged, and is calling for $2,658/oz gold and $4.15/lb copper in 2025, the analyst tells investors.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
