best silver stocks 2017

The U.S. Department of Labor reported that the country’s unemployment rate sank to a 16-year low of 4.3% in May. There were also 138,000 jobs added last month, marking a 1.6% jump in year-over-year jobs growth. That strength in the labor market was more than enough to persuade the U.S.

No debt and a potentially huge new mine investment make Great Panther Silver worth a look for those willing to buy a small miner. Silver had a strong run in 2016, with year-to-date returns of 15% through the first 50 weeks of the year. Even though people recognize gold as the costlier commodity, silver is undoubtedly more profitable and has a better yielding capacity in the long run. Traded by the code of CDE in NYSE, Coeur Mining has fairly done well in recent times.

First Majestic Silver

Any silver price above that level generates profit for the company. That combination of financial strength and long-term upside to silver makes Pan American Silver a potentially compelling option for investors. Although it’s a Canadian company, First Majestic focuses on Mexico because it produces more silver than any country in the world. The company currently operates three mines in Mexico and has several other silver mines under development. First Majestic also operates the Jerritt Canyon Gold Mine in Nevada.

During the third quarter of 2020, the company reported a revenue of $77 million, representing an 8% increase over the same period of 2019. Billionaire Jim Simons’ quant hedge fund has the largest position in GPL among the 800+ hedge funds tracked by Insider Monkey. Gold Resource Corp is a gold and silver producer that targets projects featuring low operating costs. Their operations are located in Oaxaca, Mexico, and Nevada, USA. What’s interesting is that Pan American Silver is working on projects that it believes will lead to expanded production in 2018 and 2019.

Which silver stock offers the best dividend: Hecla Mining, Pan American Silver, Wheaton Precious Metals, or Tahoe Resources?

The Silver Institute has stated that physical investments in silver are expected to reach 257 million ounces this year, which would mark the highest value in six years of investing in the metal. Citigroup has also forecasted the metal to be traded at a higher value of $28 to $30 an ounce in the latter half of 2021, while Morgan Stanley stated that the value would average $25 an ounce, a 22% increase from 2020. Great Panther Limited is the last company on the list, with a tiny $300 million market cap. It only has two mines, and all-in sustaining costs are on the high side. That makes it a marginal miner that needs relatively high silver prices to make money.

To put it simply, top silver stocks can give you an insight into investing your riches in the right place given that silver has always served as a savior for all. Be it inflation or economic downfall, silver runs the business while gold is the star. By keeping in mind the ethics of environmental preservation, efficient manufacturing, and social responsibility, this is one of the top silver stocks that projects a rapid growth rate in the stock market. As gold persists to be out of pocket for many of the investors, silver stocks have kept investors hooked to their highs and lows. But this silver mining stock’s growth story lies in what’s to come. On the operational front, First Majestic is firing on all cylinders.

Avino Silver & Gold Mines (TSXV:ASM,NYSEMKT:ASM)

Silver has underperformed gold so far this year, and as of early December had dipped below $16 per ounce. The white metal has been buffeted by a number of factors, including the rise of cryptocurrencies like bitcoin. If you think we’ve missed a junior silver stock that should be listed, please let us know in the comments. Our list of this year’s top-performing TSX-listed silver stocks can be viewed here. Cheap and profitable mining companies will not only deliver real returns, their market values will also appreciate as precious metal prices will go up during runaway inflation.

best silver stocks 2017

Look, I’m not as bullish on the stock as I was last year, when prices trading under $3 per share, as I think that was the best time to buy. But, I’m certainly bullish here and think this is arguably the best silver stock to own right now, given the company’s performance. And the stock doesn’t look that expensive here, either, as it trades at an EV/EBITDA of 12.3 and a forward P/E of 18.67, according to estimates at Yahoo Finance. Endeavour is down by 29.45% and has disappointed; it’s a smaller silver producer than Coeur and produces less gold, so the company is more exposed to a drop in silver prices.

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Although the mine is currently not operating, Great Panther believes it can produce 3 million silver-equivalent ounces a year from the mine after spending around $25 million and roughly a year to get it up and running again. Great Panther is projecting production of around 4 million silver-equivalent ounces in 2017, so the new mine could really boost Great Panther Silver’s growth prospects. The miner’s silver production declined around 2.5% last year, with gold production basically flat. And 2017 isn’t expected to be much better, with silver production projected to be roughly flat, with gold production declining at least 10%. The first company for investors to consider here is Silver Wheaton. That means it gives miners upfront cash payments for the right to buy silver (and gold) at reduced prices in the future.

  • As previously mentioned, silver is an important industrial metal.
  • Warren Buffett knows that you can create trillions of dollars out of thin air, but there will be a price to pay.
  • And this list includes one of our newest silver stock recommendations…
  • Following First Majestic’s recent slide from over $18 per share to under $10 per share, I think the stock is attractively priced here and poised to outperform in 2017.
  • That’s right — they think these 10 stocks are even better buys.
  • In this article, we will be looking at the 10 best silver mining stocks to invest in.

In this article, we will be looking at the 10 best silver mining stocks to invest in. If you want to skip our detailed analysis of the precious metals industry, you can go directly to the 5 Best Silver Mining Stocks to Invest In. Like gold, it’s a store of wealth, but silver gets used a lot more than gold in industrial applications. For investors, that means a more stable demand profile for silver stocks like Silver Wheaton Corp. (WPM 1.71%) and miners like Pan American Silver Corp. (PAAS 1.65%) and Great Panther Ltd (GPL -17.63%).