Shares of Pan American Silver (PAAS) surged 5.02% in the pre-market trading session on Thursday, following an analyst report reiterating a Buy rating on the stock.
In a research note released earlier today, Ovais Habib from Scotiabank maintained a Buy rating on Pan American Silver, citing positive factors driving the analyst's bullish outlook on the precious metals mining company.
Analyst recommendations and rating changes can significantly influence investor sentiment and drive stock price movements. The reiteration of a Buy rating from a reputable firm like Scotiabank likely fueled renewed buying interest in Pan American Silver, propelling the stock higher in pre-market trading.
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