#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 and a disciplined capital allocation strategy. Nearly half of its available capital is invested in future growth, such as mine expansions and exploration. At the same time, the company prioritizes shareholder returns, allocating approximately 37% of its capital to dividends and share buybacks.
Pan American may be a solid option for income-oriented investors due to its reliable dividend—it has been paying a dividend for 15 years). It offers an attractive yield of 1.6%.
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 about Pan American Silver- Current Price
- $24.58
- Consensus Rating
- Moderate Buy
- Ratings Breakdown
- 3 Buy Ratings, 1 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $28.08 (14.3% Upside)
