Reported about 11 hours ago
Scotiabank has reaffirmed its Buy rating for Pan American Silver Corp. (NYSE: PAAS) with a price target of $36.50, following the company's strong second-quarter results that saw record free cash flow of $233 million and a significant increase in revenue. The firm plans to invest $500 million to acquire MAG Silver Corp., aiming to boost silver production by approximately 35% annually, while also announcing a 20% increase in its dividend.
Source: YAHOO