Searching For Silver Mining Stocks To Buy? 4 To Watch This Week

Although industrial activity had been recovering this year, which led to higher silver prices, the spread of the highly contagious Delta variant put a rein on this rally. This has triggered concerns that the global economic recovery could be derailed, which is weighing on silver prices. Silver could be heading for a new all-time high above the 1980 $50.75 per ounce peak.

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silver mining stocks to watch

Silver miners including Pan American Silver PAAS, Buenaventura Mining Company Inc. MAG have been relying on cost management and efforts to increase efficiency. Base metals, such as aluminum, copper, and zinc, are frugalwoods widely used in commercial and industrial applications, such as construction and manufacturing. Though we believe the information provided herein is reliable, we do not warrant its accuracy or completeness.

Silver Mining Stocks to Watch Amid Industry Challenges

If demand is high from these participants, the price of silver rises. The Zacks Consensus Estimate for Fortuna Silver’s 2022 earnings has moved up 9.5% over the past 30 days. The company has a trailing four-quarter earnings surprise of 15%, on average. Intraday Data provided by FACTSET and subject to terms of use. Historical and current end-of-day data provided by FACTSET.

silver mining stocks to watch

West Texas Intermediate crude rose $1.05 to $86.92. Russia’s state-owned pipeline monopoly Transneft has been notified by Ukraine of the pipeline disruption, long term secrets to short term trading the RIA news agency quoted Transneft as saying on Tuesday. Sign up with an online broker or platform to invest in one or more of these silver stocks.

Free Report) , which are poised to benefit from enhancement of operational efficiency and cost management, and solid projects. Wheaton is listed on the New York and Toronto stock exchanges. The company sells precious metals such as gold and silver for others in what is known as “streaming”. It was founded in 2004 and had more than $1bn in revenue in 2020. Individual companies are also affected by how much silver is expected to be produced and how much is actually made. The Zacks Consensus Estimate for this Lima, Peru-based entity’s current-year earnings has been stable over the past 30 days.

The Polish company is one of the largest silver producers in the world, as well as being a major copper producer. The company also sells mining and construction equipment. The Mining-Silver Industry has underperformed both the S&P 500 and its sector over the past year.

Private Companies

As discussed, silver production amounts and expectations, as well as supply and demand of silver and silver stocks, also play a major role. Increasing open interest while the price rises validate an emerging bullish trend in a futures market. The bottom line is that the declining silver-gold ratio and rising open interest in gold and silver futures markets point to higher prices for precious metals. During rallies, silver tends to outperform gold on a percentage basis as it attracts more speculative interest.

On January 27th, this mining company reported its fourth quarter production from Juianicipio. The company stated that its production was 230,000 ounces of silver and 443 ounces of gold. Silvercorp’s latest update was released on January 15th.

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EXK, which are poised to benefit from efforts to increase efficiency and cost management as well as growth projects. The Zacks Mining – Silver industry had been affected by weak silver demand as the COVID-19 pandemic crippled the industrial sector last year. The pickup in industrial activity seen earlier this year had led to higher silver prices. However, silver prices have recently changed course amid mounting concerns that the Omicron variant might throw a spanner in the works. These are the silver stocks with the lowest 12-month trailingprice-to-earnings (P/E)ratio.

  • The company sells precious metals such as gold and silver for others in what is known as “streaming”.
  • The balance comes from projects in which silver is a by-product of mining other metals, such as copper, lead and zinc.
  • I wrote this article myself, and it expresses my own opinions.
  • Invest in the silver stocks now with a market order or use a limit order to delay your purchase until the stock reaches your desired price.

Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Free Report) , which are poised to benefit from their efforts to enhance efficiency and cost management, and solid growth projects. This stock is listed in multiple exchanges around the world, including the New York Stock Exchange.

Top Mining Stocks To Watch

It holds 100% interest in the Palmarejo mine, Rochester mine, Kensington mine, Wharf gold mine, among many others. The company markets these metals to third party refiners and smelters in various locations. Coeur’s products are sent to the United States, Japan, and Switzerland. The property Coeur holds is located in Mexico, Alaska, Nevada, South Dakota, and Canada. The Zacks Mining – Silver industry had been impacted by weak silver demand as the COVID-19 pandemic crippled the industrial sector last year.

silver mining stocks to watch

Silver miners are affected by the price of silver since the open market price determines how much they can sell their silver for. As silver prices fall, most silver miner stocks may also fall since profits are likely to drop. If silver prices are rising, this will generally help push silver miner stocks higher.

Fresnillo ​​

Read our article on the top gold stocks and ETFs​ to watch right now. The Zacks Mining – Silver industry has been seeing rising silver prices driven by mounting geopolitical tensions and inflationary pressures. This momentum might be cut short as these tensions subside and interest rates are hiked. However, strong demand for the metal from all key sectors will continue to support the industry. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors.

Newmont Corporation engages in the production and exploration of gold. It also explores for copper, silver, zinc, and lead. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. The company primarily explores for copper, gold, molybdenum, silver, and other metals, as well as oil and gas. BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

The estimate indicates year-on-year growth of 65.3%. The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates gloomy prospects in the near term. There is shared underground infrastructure connecting the larger Page mine with five shallow historic mines within the larger Project area. The Company has underground mining data and surface geological data that supports high grade silver-zinc-lead mineralization present within the shallow, undeveloped mines. These mines remain open at depth, and laterally along strike.

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