#2 - Pan American Silver (NYSE:PAAS)
Pan American Silver Corp. (NYSE: PAAS) brands itself as “The World’s Premier Silver Producer.” The company controls over 468 million ounces of proven and probable silver reserves, the world’s largest amount. And with production of 20.4 million ounces, it’s the world’s second-largest silver producer. The company’s ten operating gold and silver mines are spread throughout North and South America.
Like many of the picks on this list, Pan America has a solid balance sheet that includes a disciplined capital allocation strategy that balances investments in future growth (48%) to fund expansions with a commitment to shareholder equity. Dividends and share buybacks are approximately 37% of the company’s capital spend.
Pan American may be a better option for income-oriented investors because of its dividend that is reliable (it’s been paying a dividend for 15 years) and offers an attractive 1.6% yield.
About Pan American Silver
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of silver, gold, zinc, lead, and copper mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. The company was formerly known as Pan American Minerals Corp. and changed its name to Pan American Silver Corp.
More- Current Price
- $24.97
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $25.42 (1.8% Upside)
