PAAS jumps as silver rallies, Scotiabank lifts target, and AGM spotlights catalysts
PAAS•Pan American Silver shares are higher as silver prices climbed about 2.8% to roughly $73.36/oz on April 30, lifting the group. The move also follows a fresh Scotiabank price-target increase to $65 (Outperform) and attention on the company’s April 30 shareholder meeting ahead of Q1 results next week.
1) What’s moving the stock today
Pan American Silver (PAAS) is trading higher in a broad precious-metals equity bid after silver prices rose sharply on April 30, with spot silver reported up about 2.8% around $73.36 per ounce. Because PAAS has high operating leverage to realized silver prices, even modest daily moves in the metal can drive outsized swings in miner equities as investors reposition for metal-linked cash-flow changes. (fxstreet.com)
