Pan American Silver price target raised to $24 from $23 at Jefferies

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.