CIBC raised the firm’s price target on Pan American Silver (PAAS) to $42 from $38 and keeps an Outperformer rating on the shares. The firm notes Pan American Silver reported adjusted earnings of 42c/share, well ahead of its estimate of 16c/share and consensus of 20c/share. The financial beat was underpinned by production numbers that were slightly better than expectations, accompanied by cost numbers that were significantly better than expectations.
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Read More on PAAS:
- Pan American Silver Reports Strong Q1 2025 Results with Record Earnings
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