Pan American Silver (NYSE:PAAS) Stock

Pan American Silver

Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.

Pan American Silver Corp

Silver is finally out of gold's shadow and investors should be paying attention. While gold prices hover near record highs, silver is quietly stealing the spotlight. <a href="https://www.benzinga.com/topic/peter-schiff">Peter Schiff</a> says the &#8220;gold rally has a silver lining.&#8221;
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Hi-Ho silver. Silver is up over 70 cents this morning, trading above $37. Not only is this very bullish for silver, but it&#39;s also bullish for gold. It&#39;s no longer just a gold rally, but a precious metals rally. Now that the gold rally has a silver lining, it&#39;ll be even stronger.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1934967497469689925?ref_src=twsrc%5Etfw">June 17, 2025</a></blockquote>
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Read Also: <a href="https://www.benzinga.com/markets/commodities/25/06/45842761/silver-just-shattered-a-14-year-ceiling-could-50-be-next">Silver Just Shattered A 14-Year Ceiling &#8211; Could $50 Be Next?</a>
<h2 class="wp-block-heading">Silver Outpaces Gold, Ratio Signals More Upside</h2>
On Tuesday, silver surged over 70 cents intraday to trade above $37, marking its highest level since 2012. That's a 2% daily gain, outshining gold's more modest 0.8% move. The silver-tracking iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) is up over 25%, while SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) has climbed around 14%, giving silver a 2-to-1 edge.
The gold-to-silver ratio has dropped sharply from over 90 in March to below 76 &#8211; historically a bullish setup for silver. In past cycles, a falling ratio has preceded major runs in silver miners.
<h2 class="wp-block-heading">Breakout Level Breached, Miners Ride The Wave</h2>
Silver also broke above key resistance at $35, a level it couldn't hold in 2020 or 2021. With that technical ceiling cleared, analysts are eyeing $40+ as the next stop.
Schiff called the move "a precious metals rally," and he's not alone. Stocks like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>) and Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) are already rallying in tandem, buoyed by rising spot prices as momentum flows into silver.
While gold remains the classic hedge, silver offers both monetary and industrial upside. With AI, solar, and EV demand growing—and macro jitters rising—silver might be the surprise winner of 2025's commodity trade.
Read Next: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45847216/silver-supercycle-you-never-have-enough-of-it-hedge-fund-analyst-says-as-50-level-looms">Silver Supercycle: &#8216;You Never Have Enough Of It,&#8217; Hedge Fund Analyst Says As $50 Level Looms</a></li>
</ul>
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Peter Schiff Says 'The Gold Rally Has A Silver Lining' - As It Outperforms Gold By 2:1

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Shares of precious metals stocks are trading lower as gold prices fall after reports allege that Iran wants to de-escalate hostilities with Israel. Investor optimism about potential resolutions to regional tensions may drive a rotation out of safe-haven assets.

These eleven large-cap stocks were the best performers in the last week. Are they in your portfolio?
<ol class="wp-block-list">
<li>AST SpaceMobile, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>) stock jumped 35.20%  amid an escalation of <a href="https://www.benzinga.com//node/45805188" target="_blank" rel="noreferrer noopener">a public dispute</a> between SpaceX's Elon Musk and President Donald Trump.</li>
<li>Venture Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VG#NYSE">VG</a>) shares escalated 31.55% after President Trump said the U.S. would not agree to any uranium enrichment by Iran. Additionally, the commodity could continue to strengthen after OPEC+ decided to keep output levels unchanged.</li>
<li>Nebius Group N.V. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NBIS#NASDAQ">NBIS</a>) stock rose 31.37%. The company recently announced it raised <a href="https://www.benzinga.com//node/45722616" target="_blank" rel="noreferrer noopener">$1 billion in convertible notes</a>.</li>
<li>CoreWeave, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWV#NASDAQ">CRWV</a>) stock upped 25.92% following its major <a href="https://www.benzinga.com//node/45769560" target="_blank" rel="noreferrer noopener">long-term infrastructure agreement</a> with Applied Digital Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>).</li>
<li>Credo Technology Group Holding Ltd (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) shares increased 19.69% after the company reported better-than-expected fourth-quarter results and <a href="https://www.benzinga.com//node/45752619" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) shares were up 19.40% amid GlobalFoundries Inc.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) announcement to commit $16 billion to U.S. chip expansion, which may be buoying <a href="https://www.benzinga.com//node/45774178" target="_blank" rel="noreferrer noopener">investor sentiment toward the space</a>.</li>
<li>Guidewire Software, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWRE#NYSE">GWRE</a>) shares increased 18.95% after the company reported better-than-expected third-quarter earnings and several <a href="https://www.benzinga.com//node/45779774" target="_blank" rel="noreferrer noopener">analysts boosted the price forecast</a>.</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) shares increased 17.47%. Silver rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff <a href="https://www.benzinga.com//node/45792880" target="_blank" rel="noreferrer noopener">says it's just warming up</a>.</li>
<li>Dollar General Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DG#NYSE">DG</a>) stock escalated 16.69% after it reported first-quarter results and analysts raised the price <a href="https://www.benzinga.com//node/45775655" target="_blank" rel="noreferrer noopener">forecast on the stock</a>.</li>
<li>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>) stock rose 16.58% after the company reported better-than-expected financial results and <a href="https://www.benzinga.com//node/45801965" target="_blank" rel="noreferrer noopener">analysts revised their price forecast</a>.</li>
<li>Ferguson Enterprises Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FERG#NYSE">FERG</a>) stock upped 15.72% after the company <a href="https://www.benzinga.com//node/45745671" target="_blank" rel="noreferrer noopener">reported third-quarter results</a>. Analysts boosted the <a href="https://www.benzinga.com/quote/ferg/analyst-ratings" target="_blank" rel="noreferrer noopener">price forecast</a> on the stock.</li>
</ol>
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Elon Musk-Trump Clash Propelled This Stock To Weekly High: Here's A List Of Other Top Performing Large Cap Gainers (Jun 2-Jun 6)

Silver's not just glittering &#8211; it's surging. <a href="https://www.benzinga.com/topic/silver">The white metal</a> rocketed past $35.60 an ounce Thursday, a level last seen in 2012, and gold bull Peter Schiff says it's just warming up. 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">I love the smell of a precious metals rally in the morning. Gold is above $3,400, but silver and platinum are up 4%. Not only is silver above $35, it&#39;s about to take out $36, trading at its highest level since Dec. 2012. This train has left the station and there&#39;s no stopping it!
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1930582432270741827?ref_src=twsrc%5Etfw">June 5, 2025</a></blockquote>
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"This train has left the station and there's no stopping it," Schiff posted on X, noting silver's push to $36 and a 4% jump in early action.
While gold flirted with $3,400, it was silver that stole the spotlight, driven by a perfect storm of weak U.S. economic data, rising geopolitical tensions, and intensifying expectations of a Fed rate cut in September. The latest ADP report showed the weakest job growth since March 2023, and the ISM Services PMI fell into contraction territory <a href="http://www.benzinga.com/markets/market-summary/25/06/45788298/asia-markets-mixed-europe-gains-gold-inches-toward-all-time-high-global-markets-today-while-us-slept">for the first time</a> in nearly a year &#8211; fueling bets that the Fed will have little choice but to ease.
Read Also: <a href="https://www.benzinga.com/economics/macro-economic-events/25/04/44994275/gold-now-worth-100x-more-than-silver-analysts-say-its-time-to-buy-the-underdog">Gold Now Worth 100x More Than Silver: Analysts Say It&#8217;s Time To Buy The Underdog</a>
<h2 class="wp-block-heading">Fed Doves And Trade Tensions Fan The Fire</h2>
It's not just macro softness driving this surge. The market is also reacting to Washington's tariff thunderclap &#8211; doubling import duties on <a href="https://www.benzinga.com/trading-ideas/long-ideas/25/06/45790624/exclusive-tariff-titans-why-cleveland-cliffs-nucor-steel-dynamics-could-outmuscle-the-competition">steel and aluminum to 50%</a> &#8211; raising fears of another trade slugfest just as investors react to a market-moving call between President Donald Trump and Chinese President Xi Jinping.
For silver, which straddles the line between precious metal and industrial workhorse, this is jet fuel. Whether it's flight to safety or hedging against inflation and trade turmoil, demand is coming from all corners.
<h2 class="wp-block-heading">SLV And Silver Miners Shine Bright</h2>
Retail investors are already piling in. The iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>) (proxy for silver price) is up over 16% year-to-date and 14% over the past year, with technicals flashing green across the board. 
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605"><img loading="lazy" decoding="async" width="631" height="486" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png" alt="" class="wp-image-939737" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/06/05085402/Screenshot-2025-06-05-at-6.23.50-PM-300x231.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0605">Chart created using Benzinga Pro</a>
SLV is currently trading above its eight, 20, 50 and 200-day simple moving averages and maintains a bullish MACD (moving average convergence/divergence) indicator and an RSI (relative strength index) of 68.23.
For those seeking exposure to this breakout, silver miners like First Majestic Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AG#NYSE">AG</a>), Pan American Silver Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and Wheaton Precious Metals Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>) are catching bids alongside the metal.
For diversified exposure, the Global X Silver Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>) offers a direct line to the producers riding silver's high.
If Schiff's right and the rally's just beginning, silver bugs may have a lot more to smile about this summer.
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45585695/the-golden-ratios-silver-surprise-this-metals-price-could-double">The Golden Ratio&#8217;s Silver Surprise: This Metal&#8217;s Price Could Double</a></li>
</ul>
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Silver Hits 12-Year High: Peter Schiff Says Rally's Just Starting

On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money-lightning-round">Mad Money Lightning Round</a>,&#8221; Jim Cramer said Rivian Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) is better than Lucid Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCID#NASDAQ">LCID</a>).
Supporting his view, Lucid, on May 6, reported first-quarter revenue of $235.05 million, missing analyst estimates of $250 million, <a href="https://www.benzinga.com/quote/LCID/earnings">according to Benzinga Pro</a>.
Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) is &#8220;right to be bought here,&#8221; Cramer said.
As per the recent news, Marvell announced on Monday that it would collaborate with Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) to offer Nvidia NVLink Fusion technology to customers employing Marvell's <a href="https://www.benzinga.com/tech/25/05/45498551/marvell-teams-up-with-nvidia-to-help-hyperscalers-scale-ai-infrastructure">custom cloud platform silicon</a>.
&#8220;You can ride it,&#8221; Cramer said when asked about Pony AI Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PONY#NASDAQ">PONY</a>). &#8220;This is a young person stock.&#8221;
On the earnings front, China-based Pony AI, on Tuesday, reported that first-quarter sales grew 11.6% year-over-year to $13.98 million (101.6 million Chinese yuan), mainly driven by rapid growth in Robotaxi services revenues. The analyst consensus estimate for sales was 90.11 million Chinese yuan.
Cramer said Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) is the &#8220;best silver mine, so I think you've got something going there.&#8221;
As per the recent news, Pan American Silver and MAG Silver Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>), on May 11, disclosed a definitive deal for Pan American to acquire MAG Silver's shares through a plan of arrangement.
The Mad Money host said he can't recommend Doximity, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOCS#NYSE">DOCS</a>) because that was an &#8220;unfathomable miss.&#8221;
Doximity, on May 15, guided for fiscal first-quarter revenue of $139 million to $140 million versus estimates of $143.34 million, according to Benzinga Pro. The company also forecasted full-year 2026 revenue of $619 million to $631 million versus estimates of $634.6 million.
&#8220;I think it is getting a little toppy,&#8221; Cramer said when asked about Micron Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>). &#8220;I sense that there is a trade here, not an investment, for the moment.&#8221;
Micron will hold its fiscal third quarter earnings conference call on Wednesday, June 25. Analysts expect the company to report quarterly earnings at $1.59 per share on revenue of $8.83 billion.
Price Action:
<ul class="wp-block-list">
<li>Lucid shares fell 6.4% to settle at $2.77 on Wednesday.</li>
<li>Marvell shares declined 2.1% to close at $60.11 during the session.</li>
<li>Pony.ai shares fell 3.3% to settle at $17.29 on Wednesday.</li>
<li>Pan American Silver shares rose 1.3% to close at $24.10.</li>
<li>Doximity shares fell 4.3% to settle at $50.75.</li>
<li>Micron shares slipped 2.3% to close at $95.84 on Wednesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/25/05/45540545/jim-cramer-recommends-not-buying-mosaic-doesnt-like-this-industrial-stock">Jim Cramer Recommends Not Buying Mosaic, Doesn&#8217;t Like This Industrial Stock</a></li>
</ul>
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Jim Cramer: Rivian Better Than This Automaker, Pan American Silver Is The 'Best Silver Mine'

<h1 class="wp-block-heading">New On The Block</h1>
Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) is brewing up some big decisions for its China business, including a potential stake deal that could <a href="https://www.benzinga.com/markets/equities/25/05/45428678/starbucks-explores-stake-sale-in-china-business-valued-at-billions-amid-sluggish-growth-intense-competition-from-likes-of-luckin-coffee-report">fetch several billion dollars</a>. 
The coffee giant has been quietly chatting with tech firms and private equity players, hoping someone might want a sip of its 7,750-store China portfolio. 
But with local rival Luckin Coffee chugging ahead — pulling in $1.2 billion last quarter versus Starbucks' $740 million — the cold truth is the Seattle-based company is having trouble navigating the market.
And it&#8217;s not alone. McDonald's and Yum! Brands both sold <a href="https://www.benzinga.com/general/restaurants/25/05/45360322/restaurant-stocks-rebound-as-us-china-tariff-truce-offers-sector-relief-whats-going-on" target="_blank" rel="noreferrer noopener">stakes in their China operations</a>.
As for Starbucks, the franchise&#8217;s stock price has cooled faster than an unattended latte. It&#8217;s down 25% since February. Meanwhile, Wall Street is not impressed, as Starbucks missed earnings estimates and <a href="https://www.benzinga.com/25/04/45104438/starbucks-stock-tumbles-on-q2-earnings-ceo-says-progress-is-happening-below-the-surface">reported a global sales dip</a>. 
Read: <a href="https://www.benzinga.com/economics/macro-economic-events/25/05/45470155/consumer-sentiment-crashes-to-5-year-lows-as-inflation-fears-reach-1981-levels">Consumer Sentiment Crashes To 5-Year Lows As Inflation Fears Reach 1981 Levels</a>
<h1 class="wp-block-heading">Updates From The Block</h1>
<ul class="wp-block-list">
<li>Charter Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHTR#NASDAQ">CHTR</a>) <a href="https://www.benzinga.com/trading-ideas/movers/25/05/45465922/charter-seals-34-5-billion-cox-merger-deal-creating-powerhouse-to-battle-streaming-wireless-rivals">agreed to acquire</a> Cox Communications from Cox Enterprises for about $34.5 billion. Axios first reported the deal. Charter seeks to create the largest U.S. cable TV and broadband provider by subscribers, surpassing Comcast Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>). It will also take on significant debt — about $12 billion worth. The combined entity will be called Cox Communications and will retain the Spectrum brand for consumers. Simultaneously, Charter will complete its all-stock acquisition of Liberty Media, announced last fall.</li>
</ul>
<ul class="wp-block-list">
<li>Venture capitalists are catching a piece of the San Francisco 49ers. The football franchise is divesting a 6% stake at an $8.5 billion valuation. The buy side includes Vinod Khosla of Khosla Ventures; Byron Deeter of Bessemer Venture Partners and Will Griffith of Iconiq. The deal will require approval at one of the NFL's owners meetings, <a href="https://www.bloomberg.com/news/articles/2025-05-15/nfl-s-49ers-to-sell-stakes-at-record-8-5-billion-valuation?srnd=phx-deals&amp;sref=TBDibEcD">per</a> Bloomberg.</li>
</ul>
<ul class="wp-block-list">
<li>Adam Waterous is turning up the heat in the oil sands drama. The Canadian oil baron&#8217;s Strathcona Resources plans to take a C$6 billion ($4 billion) bid for MEG Energy straight to shareholders, according <a href="https://www.bloomberg.com/news/articles/2025-05-16/waterous-strathcona-to-make-takeover-bid-for-meg-energy?srnd=phx-deals&amp;sref=TBDibEcD">to</a> Bloomberg. Previously, MEG's board gave Waterous the cold shoulder. The offer, about C$23.27 per share, will hit the official paperwork trail within two weeks. If successful, it would be another feather in Waterous' hard hat after years of deal-making. On the same day, Strathcona also announced it's unloading its Montney shale assets for C$2.8 billion. </li>
</ul>
<ul class="wp-block-list">
<li>Dick's Sporting Goods (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DKS#NYSE">DKS</a>) is lacing up to buy Foot Locker (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FL#NYSE">FL</a>) for about $2.4 billion. It's the second major footwear <a href="https://www.benzinga.com/personal-finance/25/05/45338051/skechers-set-to-go-private-amidst-tariff-drama-hopes-new-partnership-will-enable-the-companys-long-term-growth">deal this month</a>, hot on the heels of 3G Capital's $9 billion Skechers buy. While Foot Locker brings 2,400 smaller, urban stores to the table, Dick's offers around 800 <a href="https://www.benzinga.com/news/earnings/25/05/45435748/dicks-sporting-goods-to-acquire-foot-locker-at-66-premium">suburban big-box behemoths</a>. </li>
</ul>
<h1 class="wp-block-heading">Off The Block</h1>
<ul class="wp-block-list">
<li>Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) wants to acquire Canadian crypto trading platform WonderFi Technologies in an all-cash deal valued at approximately C$250 million ($178.9 million). The deal will be executed through a statutory plan of arrangement, with Robinhood acquiring all outstanding WonderFi common shares. WonderFi's largest shareholder, Mogo, which owns roughly 82 million shares, has already signed a voting support agreement in favor of the transaction. Other directors, officers and shareholders holding about 28% of WonderFi's outstanding shares have also <a href="https://www.benzinga.com/news/global/25/05/45390595/robinhood-shares-jump-nearly-10-following-acquisition-deal-for-wonderfi-whats-going-on">agreed to support the deal</a>.</li>
</ul>
<ul class="wp-block-list">
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and MAG Silver Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) disclosed a definitive deal to acquire MAG Silver&#8216;s shares through a plan of arrangement. MAG shareholders will receive approximately $2.1 billion in a mix of $500 million cash and 0.755 PAAS <a href="https://www.benzinga.com/news/large-cap/25/05/45347011/pan-american-acquires-mag-for-2-1-billion">shares per MAG share</a>. </li>
</ul>
<h1 class="wp-block-heading">Bankruptcy Block</h1>
<ul class="wp-block-list">
<li>Consider it a tough prescription for survival: Rite Aid will have less retail square footage, but hopefully fewer financial headaches now that it filed for bankruptcy. About 115 stores will close as part of its ongoing Chapter 11 plan. After <a href="https://restructuring.ra.kroll.com/RiteAid2025/Home-Index">filing</a> earlier this month, the pharmacy chain initially revealed 47 store closures, then added 68 more in a May 9 court filing. That brings the total to nearly 10% of its 1,240 locations, spread across 10 of the 15 states it operates in. </li>
<li>Bayer AG is making another attempt to weed out its legal troubles over Roundup, the popular herbicide linked to cancer in thousands of lawsuits. The company is trying to settle many cases in Missouri state court, but is also prepping a backup plan: putting Monsanto — the U.S. maker of Roundup — into bankruptcy. According <a href="https://www.wsj.com/articles/bayer-seeks-new-roundup-settlement-while-exploring-monsanto-bankruptcy-35bf28de">to</a> the Wall Street Journal, Bayer has brought in restructuring pros from Latham &amp; Watkins and AlixPartners to explore options. Bayer bought Monsanto in 2018 for $63 billion. A San Francisco jury quickly found Monsanto liable for a man's cancer, setting off years of litigation. Bayer insists Roundup is safe, citing EPA reviews, but the lawsuits have taken their tollv—vso much so that the company has warned it might stop making the product altogether. Its stock has dropped about 75% since the Monsanto deal.</li>
</ul>
<ul class="wp-block-list">
<li>Li-Cycle Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LICY#NYSE">LICY</a>) is filing for creditor protection in Canada and Chapter 15 bankruptcy in the U.S. It's now planning a court-supervised garage sale for its assets. One potential buyer? Mining giant Glencore ADR (OTC:<a class="ticker" href="https://www.benzinga.com/stock/GLNCY#OTC">GLNCY</a>), which has agreed to bid at least $40 million for some of the Lithium-ion battery recycler&#8217;s assets.</li>
</ul>
<h1 class="wp-block-heading">On The Deal Hunt</h1>
Today, Benzinga spotlights Capstone Holding Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPS#NASDAQ">CAPS</a>). The company&#8217;s shares were up 46.34% at last check Friday, trading at about $2.40.
<a href="https://www.benzinga.com/news/25/04/44709544/exclusive-capstone-eyes-100-million-goal-with-southeast-expansion-targets-1500-acquisition-opportunities">With 1,500 potential acquisitions</a> on its radar and housing demand holding up, Capstone's clearly not done building — both literally and financially.
The Illinois-based building materials distributor reaffirmed its 2025 goals of $100 million in revenue and $10 million in adjusted EBITDA, fueled by steady growth and M&amp;A shopping sprees. 
CEO Matthew Lipman says the company is on track to double in size, snapping up deals at 4–6x EBITDA with up to 45% paid in non-cash consideration.
Capstone's Instone unit held strong and continues to push proprietary products with names such as Toro and Pangea.
The company also locked in a flexible equity credit line, but promises to only use it for deals i<a href="https://www.benzinga.com/25/05/45468192/capstones-big-swing-on-acquisitions-sends-shares-soaring">mmediately accretive to earnings</a>.
<a href="https://www.benzinga.com/tech/25/05/45327812/deal-dispatch-nestle-coinbase-ma-wave-weight-watchers-bust">For last week's edition of Deal Dispatch, click here</a>.

Asset Sales

CAPS

CHTR

CMCSA

GLNCY

HOOD

LICY

SBUX

Deal Dispatch: Starbucks Eyes China Sell-Off, Li-Cycle Powers Down, VCs Tackle 49ers Stake

CIBC analyst Cosmos Chiu maintains Pan American Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) with a Outperformer and lowers the price target from $42 to $39.

Price Target

Analyst Ratings

CIBC Maintains Outperformer on Pan American Silver, Lowers Price Target to $39

Whales with a lot of money to spend have taken a noticeably bearish stance on Pan American Silver.
Looking at options history for Pan American Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) we detected 19 trades.
If we consider the specifics of each trade, it is accurate to state that 36% of the investors opened trades with bullish expectations and 52% with bearish.
From the overall spotted trades, 3 are puts, for a total amount of $133,088 and 16, calls, for a total amount of $782,734.
<h3>What's The Price Target?</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $21.0 to $30.0 for Pan American Silver over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
In today's trading context, the average open interest for options of Pan American Silver stands at 3360.0, with a total volume reaching 8,832.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Pan American Silver, situated within the strike price corridor from $21.0 to $30.0, throughout the last 30 days.
<h3>Pan American Silver Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1747080064_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.65</td>
<td>$1.6</td>
<td>$1.65</td>
<td>$30.00</td>
<td>$83.2K</td>
<td>8.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$1.65</td>
<td>$1.6</td>
<td>$1.65</td>
<td>$30.00</td>
<td>$83.2K</td>
<td>8.0K</td>
<td>1.1K</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.85</td>
<td>$1.8</td>
<td>$1.85</td>
<td>$30.00</td>
<td>$69.2K</td>
<td>8.0K</td>
<td>388</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.85</td>
<td>$1.8</td>
<td>$1.85</td>
<td>$30.00</td>
<td>$69.2K</td>
<td>8.0K</td>
<td>388</td>
</tr>
<tr>
<td>PAAS</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$1.85</td>
<td>$1.8</td>
<td>$1.85</td>
<td>$30.00</td>
<td>$69.2K</td>
<td>8.0K</td>
<td>388</td>
</tr>
</tbody>
</table>

<h3>About Pan American Silver</h3>
Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. The company's principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.
Having examined the options trading patterns of Pan American Silver, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Current Position of Pan American Silver</h3>
<ul>
<li>With a trading volume of 18,890,097, the price of PAAS is down by -15.97%, reaching $22.86.</li>
<li>Current RSI values indicate that the stock is may be approaching oversold.</li>
<li>Next earnings report is scheduled for 86 days from now.</li>
</ul>
<h3>Professional Analyst Ratings for Pan American Silver</h3>
2 market experts have recently issued ratings for this stock, with a consensus target price of $37.0.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;adType=benzinga-insights&amp;ad=options-activity&amp;campaign=wallstreetadvantage">Click here for access</a>. 
&#x2A; An analyst from Scotiabank has decided to maintain their Sector Outperform rating on Pan American Silver, which currently sits at a price target of $32. 
&#x2A; Maintaining their stance, an analyst from CIBC continues to hold a Outperformer rating for Pan American Silver, targeting a price of $42. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Pan American Silver options trades with real-time alerts from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.

Options

Looking At Pan American Silver's Recent Unusual Options Activity

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining around 900 points on Monday.
The Dow traded up 2.20% to 42,155.11 while the NASDAQ gained 3.59% to 18,572.58. The S&amp;P 500 also rose, gaining, 2.59% to 5,806.23.
Check This Out: <a href="https://www.benzinga.com/analyst-ratings/price-target/25/05/45342900/5-stock-picks-last-week-from-wall-streets-most-accurate-analysts-5">5 Stock Picks Last Week From Wall Street&#8217;s Most Accurate Analysts</a>
Leading and Lagging Sectors Consumer discretionary shares jumped by 4.8% on Monday.
In trading on Monday, consumer staples stocks fell by 0.4%.
Top Headline
NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) reported better-than-expected first-quarter financial results.
NRG Energy posted adjusted earnings of $2.62 per share, beating market estimates of $1.49 per share. The company's quarterly sales came in at $8.59 billion versus expectations of $7.83 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul class="wp-block-list">
<li>Gryphon Digital Mining, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) shares shot up 274% to $1.9450 after the company announced a merger agreement with American Bitcoin.</li>
<li>Shares of Kindly MD, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KDLY#NASDAQ">KDLY</a>) got a boost, surging 407% to $19.77 after the company announced a merger agreement with Nakamoto Holdings to start a Bitcoin treasury strategy.</li>
<li>NRG Energy, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) shares were also up, gaining 22% to $145.08 after the company reported better-than-expected first-quarter financial results.</li>
</ul>
Equities Trading DOWN
<ul class="wp-block-list">
<li>Superior Industries International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SUP#NYSE">SUP</a>) shares dropped 69% to $0.8950 after the company reported worse-than-expected first-quarter EPS results and announced it is withdrawing its FY25 guidance.</li>
<li>Shares of Orla Mining Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORLA#NYSE">ORLA</a>) were down 16% to $9.27 after the company reported worse-than-expected first-quarter sales results.</li>
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) was down, falling 14% to $23.30 after the company announced it entered into an agreement to acquire all of the issued and outstanding common shares of MAG Silver.</li>
</ul>
Commodities In commodity news, oil traded up 3.2% to $62.96 while gold traded down 2.9% at $3,247.10.
Silver traded down 0.2% to $32.84 on Monday, while copper fell 0.8% to $4.6175.
Euro zone
European shares were higher today. The eurozone's STOXX 600 gained 0.89%, while Spain's IBEX 35 Index rose 0.28%. London's FTSE 100 gained 0.35%, Germany's DAX 40 gained 0.02% and France's CAC 40 gained 1.18% during the session.
Asia Pacific Markets
Asian markets closed higher on Monday, with Japan's Nikkei gaining 0.38%, Hong Kong's Hang Seng Index gaining 2.98%, China's Shanghai Composite Index gaining 0.82% and India's BSE Sensex jumping 3.74%.
Economics
The U.S. government budget report for April will be released today.
Now Read This: 
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/25/05/45347296/this-target-analyst-turns-bearish-here-are-top-5-downgrades-for-monday">This Target Analyst Turns Bearish; Here Are Top 5 Downgrades For Monday</a> </li>
</ul>
Photo via Shutterstock

Earnings

Eurozone

Intraday Update

GRYP

KDLY

ORLA

Dow Jumps 900 Points; KindlyMD Shares Spike Higher

Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) and MAG Silver Corp. (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) disclosed a definitive deal for Pan American to acquire MAG Silver&#8217;s <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45339398/pan-american-silver-announces-agreement-to-acquire-mag-silver-corp" rel="noreferrer noopener">shares through a plan of arrangement</a>.
As per the deal, MAG shareholders will receive approximately $2.1 billion ($20.54 per MAG share based on PAAS&#8217;s May 9, 2025 NYSE closing price) in a mix of $500 million cash and 0.755 PAAS shares per MAG share (subject to proration).
This represents ~21% and ~27% premiums to MAG&#8217;s May 9, 2025 NYSEAM closing price and 20-day VWAP, respectively.
Also Read: <a href="https://www.benzinga.com/government/regulations/25/04/44903750/gold-price-soars-to-record-highs-eyes-best-2-month-rally-since-2011-on-blockbuster-etf-buying">Gold Price Soars To Record Highs, Eyes Best 2-Month Rally Since 2011 On Blockbuster ETF Buying</a>
Post-transaction, MAG shareholders will own ~14% of the enlarged, diversified Pan American, gaining exposure to a larger silver and gold producer.
The acquisition significantly enhances Pan American&#8217;s value by adding a 44% stake in Juanicipio, a premier, low-cost, high-grade silver mine in Mexico with substantial exploration potential, operated by Fresnillo.
This is expected to add forecasted production of 6.5-7.3 Moz of silver to Pan American Silver in 2025 and 58 Moz proven and probable reserves, 19 Moz measured and indicated resources, and 35 Moz inferred resources.
Notably, Juanicipio&#8217;s high-margin ounces, with projected 2025 cash costs of ($1.00)-$1.00/oz and all-in sustaining costs of $6.00-$8.00/oz, are a logical fit within Pan American&#8217;s Americas-focused silver portfolio.
The MAG acquisition should significantly boost Pan American&#8217;s 2025 free cash flow (+$98 million pro forma) and offer significant exploration upside (Juanicipio, Deer Trail, Larder), strategically deploying $500 million of PAAS&#8217;s cash for increased silver exposure and growth.
Michael Steinmann, President and CEO of Pan American, said, &#8220;Juanicipio is a large-scale, high-grade, low-cost silver mine that will meaningfully increase Pan American&#8217;s exposure to high-margin silver ounces. Furthermore, we see future growth opportunities through the significant exploration potential at Juanicipio as well as MAG&#8217;s Deer Trail and Larder properties. This strategic acquisition further solidifies Pan American as a leading Americas-focused silver producer.&#8221;
As of March 31, PAAS&#8217; cash and short-term <a target="_blank" href="https://www.benzinga.com/pressreleases/25/05/b45270191/pan-american-silver-reports-unaudited-first-quarter-2025-results" rel="noreferrer noopener">investments stood at $923.0 million</a>.
Price Action: PAAS shares are down 7.24% to $25.24, while MAG shares are up 13% to $19.12 premarket at the last check on Monday.
Read Next:
<ul class="wp-block-list">
<li><a href="https://www.benzinga.com//node/45337711">Pony AI, Lyft And Sunrun Are Among Top 9 Mid-Cap Gainers Last Week (May 5-May 9): Are The Others In Your Portfolio?</a></li>
</ul>
Image via Shutterstock

Pan American Acquires MAG For $2.1 Billion

Pan American Silver shares are trading lower after the company announced it entered into an agreement to acquire all of the issued and outstanding common shares of MAG Silver.

U.S. stock futures jumped on Monday after a muted day of trade on Friday. Futures of major benchmark indices were trading over 2% in premarket.
U.S. and China announced a <a href="https://www.benzinga.com/markets/equities/25/05/45341884/apple-amazon-nvidia-rise-in-monday-premarket-as-us-china-agree-to-90-day-tariff-truce-neither-side-wants-a-decoupling">90-day truce</a> to pause the reciprocal tariffs on Monday and revised it from 125% to 10%.&nbsp;This comes after the White House and Chinese officials signaled significant <a href="https://www.benzinga.com/news/global/25/05/45337811/trump-announces-total-reset-as-us-china-trade-talks-aim-to-end-tariff-war">headway in trade negotiations</a> held in Geneva over the weekend.
The U.S. will maintain its 20% tariffs on Chinese imports linked to fentanyl, keeping the overall tariff level on China at 30%. "We had very productive talks and I believe that the venue, here in Lake Geneva, added great equanimity to what was a very positive process,&#8221; said the Treasury Secretary Scott Bessent after the talks.
The U.S.-China joint statement also indicated Beijing&#8217;s agreement to suspend or remove all non-tariff countermeasures implemented since April 2, including sanctions on specific U.S. firms and export limits on crucial minerals, according <a href="https://www.scmp.com/economy/global-economy/article/3309975/china-us-reduce-majority-tariffs-after-first-round-trade-talks?module=top_story&amp;pgtype=homepage">to</a> the South China Morning Post.
Meanwhile, the 10-year Treasury bond yielded 4.44% and the two-year bond was at 3.98%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing a 92.1% likelihood of the Federal Reserve keeping the current interest rates unchanged in its June meeting. 
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>2.12%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>2.76%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>3.68%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>3.16%</td>
</tr>
</tbody>
</table>
</figure>
The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were slightly higher in premarket on Monday. The SPY was up 2.74% to $579.80, while the QQQ advanced 3.81% to $506.54, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
Cues From Last Session:
Energy, real estate, consumer discretionary, and materials sectors advanced on Friday. While health care, communication services, consumer staples, and information technology sectors declined.
On the company-specific front, EchoStar Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SATS#NASDAQ">SATS</a>) rose 1.43% on Friday after reporting quarterly sales of $3.87 billion, down 3.6% year-over-year, in line with the Street view.
Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) fell nearly 3% after it reported first-quarter revenue of $12.011 billion, missing the consensus of $14.26 billion. Adjusted EPS was 39 cents, missing the consensus of 43 cents.
The Dow Jones index declined 119 points or 0.29% to 41,249.38, whereas the S&amp;P 500 index fell 0.071% to 5,659.91. Nasdaq Composite ended 0.004% higher at 17,928.92, and the small-cap gauge, Russell 2000, dropped 0.16% to 2,023.07.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>0.004%</td>
<td>17,928.92</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.071%</td>
<td>5,659.91</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.29%</td>
<td>41,249.38</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.16%</td>
<td>2,023.07</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After last week, 90% of the S&amp;P 500 companies have reported quarterly results, and the performance has been strong relative to expectations, said Brian Therien, the investment strategist at Edward Jones.
Seventy-eight percent have beaten analyst estimates, with an average upside surprise of 8.6%, he highlighted. Forecasts for first-quarter earnings growth of S&amp;P 500 companies have been revised higher to 13.2%, from 6.7% at the end of the quarter.
Performance has been broad, with eight of the 11 sectors forecast to report higher earnings year-over-year.
&#8220;Wider earnings growth should drive more balanced market performance across sectors, strengthening the case for portfolio diversification, in our view,&#8221; Therien added.
Charles Schwab said in a note that they are maintaining a neutral &#8220;marketperform&#8221; rating on all sectors, a shift it made in April after the White House announced broad-reaching tariffs on imports.
&#8220;Uncertainty about the ultimate level and timing of the tariffs has made it difficult to assert a view on which sectors might outperform or underperform the S&amp;P 500 index, so we are holding all sector ratings at Marketperform until we have more clarity on trade policy,&#8221; the note stated.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>
Upcoming Economic Data
Here&#8217;s what investors will keep an eye on this week:
<ul class="wp-block-list">
<li>On Monday, Fed Governor Adriana Kugler will speak at 10:20 a.m., and April&#8217;s monthly U.S. federal budget data will be released by 2:00 p.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>On Tuesday, April&#8217;s NFIB optimism index will be out by 6:00 a.m., whereas headline and core CPI data for April will be released by 8:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>On Wednesday, Fed Governor Christopher Waller will speak at 5:15 a.m., Fed Vice Chair Philip Jefferson will speak at 9:10 a.m., and San Francisco Fed President Mary Daly will speak at 5:40 p.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>On Thursday, the initial jobless claims data for the week ended May 10 will be out by 8:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>April&#8217;s U.S. retail sales, core and headline producer price index, May&#8217;s Empire State manufacturing survey, and Philadelphia Fed manufacturing survey will also be announced at 8:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>Fed Chairman Jerome Powell will speak at 8:40 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>April&#8217;s industrial production and capacity utilization will be out by 9:15 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>March&#8217;s business inventories data and May&#8217;s home builder confidence index will be released by 10:00 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>Fed Governor Michael Barr will speak at 2:05 p.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>On Friday, April&#8217;s import price index, housing starts, and building permit data will be released by 8:30 a.m. ET.</li>
</ul>
<ul class="wp-block-list">
<li>The preliminary consumer sentiment for May will be released by 10:00 a.m. ET.</li>
</ul>
Stocks In Focus:
<ul class="wp-block-list">
<li>Fox Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FOXA#NASDAQ">FOXA</a>) rose 0.52% in premarket on Monday as it is expected to report earnings before the opening bell. Analysts expect a quarterly earnings of 91 cents per share on the revenue of $4.18 billion.</li>
</ul>
<ul class="wp-block-list">
<li>NRG Energy Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NRG#NYSE">NRG</a>) jumped 3.08% as Wall Street expects it to report earnings of $1.49 per share on revenue of $7.83 billion. before the opening bell.</li>
</ul>
<ul class="wp-block-list">
<li>Southwest Gas Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SWX#NYSE">SWX</a>) dropped 4.85% ahead of its earnings. Analysts expect earnings of $1.50 per share on revenue of $1.50 billion.</li>
</ul>
<ul class="wp-block-list">
<li>Davita Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DVA#NYSE">DVA</a>) was up 2.94% as Wall Street expects it to report earnings of $1.95 per share on revenue of $3.21 billion after the closing bell.</li>
</ul>
<ul class="wp-block-list">
<li>Hawaiian Electric Industries Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HE#NYSE">HE</a>) was 0.095% above the flatline after it reported first-quarter earnings of 23 cents per share, in line with market estimates. The company reported $744.07 million in sales during the quarter.</li>
</ul>
<ul class="wp-block-list">
<li>Rio Tinto PLC ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RIO#NYSE">RIO</a>) was up 2.93% after it signed a definitive agreement for the Winu project joint venture with Sumitomo Metal Mining.</li>
</ul>
<ul class="wp-block-list">
<li>Pan American Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) slumped 6.65% after announcing an agreement to acquire MAG Silver Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MAG#NYSE">MAG</a>), which was up 6.62% in premarket.</li>
</ul>
<ul class="wp-block-list">
<li>Alibaba Group Holding Ltd. ADR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BABA#NYSE">BABA</a>) was up 7.18%, JD.Com Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JD#NASDAQ">JD</a>) jumped 6.05%, Baidu Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>) advanced 4.64%, whereas PDD Holdings Inc. ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>) gained 8.24% along with other Chinese peers amid the ongoing U.S.-China talks on tariff reductions.</li>
</ul>
Commodities, Gold, And Global Equity Markets:
Crude oil futures were trading higher in the early New York session by 2.85% to hover around $62.76 per barrel.
Gold Spot US Dollar fell 2.74% to hover around $3,233.54 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was higher by 1.10% at the 101.4460 level.
Asian markets ended higher on Monday as India's S&amp;P BSE Sensex, South Korea's Kospi, China&#8217;s CSI 300, Japan's Nikkei 225, Australia's ASX 200, and Hong Kong's Hang Seng index rose. European markets were also higher in early trade.
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US Stock Futures Rise As US, China Agree To 90-Day Tariff Pause: 'Wider Earnings Growth Should Drive More Balanced Market Performance,' Says Expert

Reported Earlier, Pan American Silver To Acquire MAG Silver In $2.1B Deal, Adding Strategic Stake In Tier-One Juanicipio Silver Mine

Pan American Silver shares are trading higher after the company reported better-than-expected Q1 financial results.

Pan American Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) reported quarterly earnings of $0.42 per share which beat the analyst consensus estimate of $0.17 by 147.06 percent. This is a 4100 percent increase over earnings of $0.01 per share from the same period last year. The company reported quarterly sales of $773.20 million which beat the analyst consensus estimate of $677.00 million by 14.21 percent. This is a 28.57 percent increase over sales of $601.40 million the same period last year.

Pan American Silver Q1 Adj. EPS $0.42 Beats $0.17 Estimate, Sales $773.20M Beat $677.00M Estimate

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Earnings Scheduled For May 7, 2025

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Shares of precious metals stocks are trading higher amid strength in gold and silver.

Shares of precious metals stocks are trading higher amid a rise in the price of gold and silver.

Pan American Silver (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NYSE">PAAS</a>) has outperformed the market over the past 10 years by 1.48% on an annualized basis producing an average annual return of 10.77%. Currently, Pan American Silver has a market capitalization of $9.77 billion. 
Buying $100 In PAAS: If an investor had bought $100 of PAAS stock 10 years ago, it would be worth $283.89 today based on a price of $26.97 for PAAS at the time of writing.
<h3>Pan American Silver's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1745275512_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

If You Invested $100 In This Stock 10 Years Ago, You Would Have This Much Today

Gold surged to fresh all-time highs on Monday, with bullion jumping 2.5% to $3,410 per ounce by 11:20 a.m. ET, as mounting distrust in U.S. financial assets and inflation fears drive a flight to safety unlike anything seen since the global debt crises <a href="https://www.benzinga.com/topic/donald-trump">of the early 2010s.</a>
Since early March, gold prices — tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) — have climbed an astonishing 19.4%, putting the metal on track for its strongest two-month rally since August 2011.
A perfect storm of macro instability, political friction and investor skepticism about the dollar and U.S. Treasuries is fueling the run.
<h1 class="wp-block-heading">What's Behind The Gold Boom?</h1>
The root of gold's dramatic resurgence lies in a potent mix of fundamental, structural and behavioral drivers.
The U.S. dollar and long-duration Treasuries — once go-to safe havens — have come under pressure in recent weeks amid President Donald Trump's tariff offensive and his escalating feud with Fed Chair Jerome Powell, raising fears over political interference and eroding confidence in U.S. institutions.
In this climate, gold's reputation as a neutral, time-tested store of value is attracting capital seeking stability.
As a result, traditional hedges have faltered. But gold, immune to sovereign missteps and backed by centuries of store-of-value status, has emerged as a refuge for capital looking for shelter from rising macro uncertainty.
Read also: <a href="https://www.benzinga.com/government/regulations/25/04/44899280/are-investors-selling-us-treasuries-as-trump-attacks-powell-heres-what-latest-etf-flows-tell-you">Are Investors Selling US Treasuries As Trump Attacks Powell? Here&#8217;s What Latest ETF Flows Tell You</a>
<h1 class="wp-block-heading">Massive Inflows Into Gold ETFs Confirm Strong Investment Demand</h1>
Investor appetite for gold is clearly visible in the massive inflows into gold-backed exchange-traded funds (ETFs) since mid-January, when Trump made his official return to the White House:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>ETF Name </th>
<th>Inflows (Mid-January to Mid-April)</th>
</tr>
</thead>
<tbody>
<tr>
<td>SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>)</td>
<td>$8.35 billion</td>
</tr>
<tr>
<td>iShares Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAU#NYSE">IAU</a>)</td>
<td>$3.5 billion</td>
</tr>
<tr>
<td>SPDR Gold MiniShares Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLDM#NYSE">GLDM</a>)</td>
<td>$2.46 billion</td>
</tr>
<tr>
<td>ProShares Ultra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UGL#NYSE">UGL</a>)</td>
<td>$117 million</td>
</tr>
<tr>
<td>Goldman Sachs Physical Gold ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAAU#NYSE">AAAU</a>)</td>
<td>$304.9 million</td>
</tr>
</tbody>
</table>
</figure>
These blockbuster flows signal broad-based institutional and retail demand. According to Goldman Sachs analyst Lina Thomas, the rally is not being fueled by short-term speculators.
"Data suggests the move has occurred without a substantial return of speculative flows," Thomas said. 
"With estimated COMEX speculative positioning still moderate, we view the rally as structurally supported and less exposed to sharp near-term liquidation risk. Thus, we see current levels as a tactically attractive entry point… and believe this reinforces upside risk to our $3,700/toz year-end forecast."
Ed Yardeni, president of Yardeni Research, said the current momentum validates his call from over a year ago. 
"We&#8217;ve been bullish on gold since it broke out above $2,000 per ounce at the end of February 2024. Our $4,000 target by the end of this year looks increasingly realistic. If that happens, then $5,000 would be our target for the end of 2026."
"This situation may come as a crisis for many assets, but for gold, it's a perfect outcome. Inflation fears remain high as the U.S. stock market loses trillions of dollars, and investors are leaning toward physical gold in search of security rather than risky assets like stocks and Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>)," said Rick Kanda, managing director at The Gold Bullion Company, in an email.
<h1 class="wp-block-heading">Miners Regain Momentum</h1>
The rally is also lifting gold miners, many of which had lagged physical bullion for much of 2024. Now, they're catching up. "Gold has surged to new all-time highs above $3,000/ounce, driven by renewed flows into gold-backed ETFs and continued strong demand from global central banks," VanEck said Monday.
"At the same time, gold miners are beginning to regain leverage to gold prices, emerging as some of the best-performing stocks so far this year."
The VanEck Gold Miners ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GDX#NYSE">GDX</a>) is up nearly 52% year-to-date, eyeing the strongest annual gain since the fund&#8217;s inception in 2007.
In response to the metal's powerful rally, Bank of America on Monday raised price targets across its North American gold and silver coverage. 
The move comes just ahead of first-quarter earnings season in the precious metals sector, which begins April 23 with Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) and continues with Agnico Eagle Mines Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AEM#NYSE">AEM</a>) on April 24.
Here are the new price targets for key names:
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>New Target</th>
<th>Previous Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Agnico Eagle Mines </td>
<td>$159</td>
<td>$142</td>
</tr>
<tr>
<td>Barrick Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOLD#NYSE">GOLD</a>)</td>
<td>$23</td>
<td>$19.50</td>
</tr>
<tr>
<td>Kinross Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KGC#NYSE">KGC</a>)</td>
<td>$17.50</td>
<td>$15</td>
</tr>
<tr>
<td>Newmont Corp. </td>
<td>$70</td>
<td>$60</td>
</tr>
<tr>
<td>B2Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BTG#NYSE">BTG</a>)</td>
<td>$3.10</td>
<td>$2.75</td>
</tr>
<tr>
<td>Centerra Gold (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CGAU#NYSE">CGAU</a>)</td>
<td>$6.50</td>
<td>$5.50</td>
</tr>
<tr>
<td>Eldorado Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EGO#NYSE">EGO</a>)</td>
<td>$19.50</td>
<td>$17.25</td>
</tr>
<tr>
<td>IAMGOLD Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAG#NYSE">IAG</a>)</td>
<td>$9.25</td>
<td>$7.75</td>
</tr>
<tr>
<td>SSR Mining Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SSRM#NASDAQ">SSRM</a>)</td>
<td>$9.75</td>
<td>$8.50</td>
</tr>
<tr>
<td>Alamos Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGI#NYSE">AGI</a>)</td>
<td>$35</td>
<td>$30.50</td>
</tr>
<tr>
<td>New Gold Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NGD#NYSE">NGD</a>)</td>
<td>$4.55</td>
<td>$4.10</td>
</tr>
<tr>
<td>Pan American Silver Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAAS#NASDAQ">PAAS</a>)</td>
<td>$32</td>
<td>$27</td>
</tr>
<tr>
<td>Franco-Nevada Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FNV#NYSE">FNV</a>)</td>
<td>$195</td>
<td>$165</td>
</tr>
<tr>
<td>Royal Gold Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGLD#NASDAQ">RGLD</a>)</td>
<td>$183</td>
<td>$164</td>
</tr>
<tr>
<td>Triple Flag Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TFPM#NYSE">TFPM</a>)</td>
<td>$27</td>
<td>$24</td>
</tr>
<tr>
<td>Wheaton Precious Metals (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WPM#NYSE">WPM</a>)</td>
<td>$100</td>
<td>$86</td>
</tr>
</tbody>
</table>
</figure>
Read Now: 
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<li><a href="https://www.benzinga.com/news/25/04/44886209/if-you-had-bet-on-gold-after-the-1971-nixon-shock-youd-have-beaten-the-sp-500-unless-you-did-this-one-thing">If You Had Bet On Gold After The 1971 Nixon Shock, You&#8217;d Have Beaten The S&amp;P 500 — Unless You Did This One Thing</a></li>
</ul>
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Pan American Silver to Announce First Quarter 2025 Unaudited Results and Host Annual General and Special Meeting of Shareholders on May 7

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Pan American Silver Announces Results of Annual General and Special Meeting

Pan American Silver Announces Agreement to Acquire MAG Silver Corp.

Pan American Silver Buys Rival MAG For $2.1 Billion

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Pan American Silver Releases 2024 Sustainability Report

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