This Silver Stock Just Raised Its Dividend 16%. Should You Buy Shares Now?

Core Insights - Silver's value has increased significantly in 2025, driven by industrial demand and investor interest as a safe-haven asset [1] - The December silver futures contract reached an all-time high of $51.590 per ounce amid ongoing supply deficits [1] - HSBC raised its silver price forecast to $35.14 per ounce, anticipating sustained safe-haven demand [2] Company Performance - Pan American Silver (PAAS) has seen its stock price rise by 88% year-to-date, contributing to a 16.7% increase in its quarterly dividend [2][4] - The company has a market capitalization of $16.19 billion and declared a cash dividend of $0.14 per share, payable on December 5 [4] - PAAS shares are currently trading at $38.12, with a 67% increase over the past 52 weeks [5] Financial Metrics - The Q3 2025 earnings report revealed record attributable revenue of $884.4 million and free cash flow of $251.7 million [7] - Cash and short-term investments reached $910.8 million, with an additional $85.8 million from a 44% stake in Juanicipio [7] - The company has a trailing P/E ratio of 24.73x, indicating a premium valuation compared to the sector median of 17.43x [6]