CIBC analyst Cosmos Chiu raised the firm’s price target on Pan American Silver (PAAS) to $88 from $70 and keeps an Outperformer rating on the shares. CIBC increased targets across the precious metals group after it upped its gold price forecasts to $6,000 per ounce in 2026 and $6,500 in 2027. It also upped copper price assumptions. The same demand drivers from 2025 will remain in place in 2026 but there is heightened geopolitical uncertainty, the analyst tells investors in a research note.
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