|Bid||0.00 x 1200|
|Ask||0.00 x 800|
|Day's Range||27.55 - 28.19|
|52 Week Range||22.36 - 32.08|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.54|
|Expense Ratio (net)||0.65%|
Precious metals mining stocks and sector-related ETFs surged as gold prices strengthened and investors look toward attractive areas in the late market cycle. Among the best performing non-leveraged ETFs ...
With silver trading modestly higher this year, the Global X Silvers Miners ETF (NYSEArca: SIL) is up about 5.75%. SIL, the largest silver miner-related ETF, tries to mirror the Solactive Global Silver ...
Silver is trading modestly higher, but the white metal's gains have been enough to spark a decent rally in some mining stocks. The Global X Silver Miners ETF (NYSE: SIL) is higher by 5.24 percent this year. After struggling to keep pace with gold and other precious metals last year, silver entered 2019 with expectations for a rebound.
Which Gold Stocks Are Looking Attractive in 2019?(Continued from Prior Part)Lowest valuation multiple Of all the major silver stocks (SIL), Pan American Silver Resources (PAAS) is trading at the lowest forward EV-to-EBITDA (enterprise
We have highlighted five ETFs from different corners of the market that have traded in the green in three months and will likely to continue to do so should the trends prevail.
Silver prices have fallen almost three times as much as gold prices have in 2018 thus far. While the SPDR Gold Trust (GLD) has fallen 4.8% year-to-date, the iShares Silver Trust (SLV) has fallen 14.6% in the same period. Silver (SIL), on the other hand, has had no such luck.
As Positive Catalysts for Gold Emerge, Which Miners May Benefit? Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. Next comes Hecla Mining (HL) with a multiple of 5.8x, representing a discount of 4.5% to its peers.
The company has a superior growth profile and higher diversification. Wheaton Precious Metals (WPM), which was previously known as Silver Wheaton (SLW), has a multiple of 14.1x. This multiple is similar to Royal Gold’s (RGLD) multiple of 14.4x.
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%. Its peers Hecla Mining (HL), Pan American Silver (PAAS), and Newmont Mining (NEM) are also trying to increase production at the lowest possible cost. Among the major precious metal mining companies, Coeur Mining has the second-highest percentage of “buy” recommendations at 88%.
How Do Analysts Rate Silver Miners? Its stock price, analysts’ estimates, and its multiple took a severe hit after the Guatemalan government’s decision to suspend its Escobal mine license in July 2017. A favorable resolution could lead to the re-rating of the stock.
How Do Analysts Rate Silver Miners? YTD (year-to-date), Tahoe Resources (TAHO) has had the worst performance of all silver miners with losses of 44%. Among the silver miners we are covering in this series, Tahoe has the lowest percentage of “buy” ratings.
How Do Analysts Rate Silver Miners? Of the silver miners (SIL) we’re covering in this series, Hecla Mining (HL) has a higher percentage of “buy” ratings only in comparison to Tahoe Resources (TAHO). Only 42% of analysts are recommending a “buy” for the stock.
How Do Analysts Rate Silver Miners? Pan American Silver (PAAS) stock has outperformed peers as well as silver prices YTD. As of September 14, it has fallen 6.9% compared to falls of 17.3% and 27.7% for the iShares Silver Trust (SLV) and the Global X Silver Miners ETF (SIL), respectively.
How Do Analysts Rate Silver Miners? On a YTD basis, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 27.1%. Peers Hecla Mining (HL), Pan American Silver (PAAS), and Newmont Mining (NEM) are also trying to increase production at the lowest possible cost.
While First Majestic Silver (AG) has seen negative returns year-to-date (or YTD), it has outperformed the Silver Miners (SIL) Index. Its stock has returned -17.8%. However, the majority of these losses came in August. During the month, AG’s stock fell 16.3%. Before that, it had fallen just 1.5% in 2018.
Whenever the market experiences its cyclical cataclysms of heady ups and downs, leery investors turn to precious metals. While stocks have had a great run recently, uncertainty regarding domestic and international events continues to draw attention.
Of the silver miners (SIL) we’re covering in this series, Hecla Mining (HL) has the fewest “buy” ratings. Only 40% of analysts are recommending a “buy” for the stock. Tahoe Resources (TAHO) has “buy” ratings from 47% of the analysts covering the stock.
As we’ve discussed in this series, gold tends to be the strongest influence on the movement of precious metals miners. In this article, we’ll focus on the correlations of selected miners with gold. Gold is the most influential among the precious metals, and silver, platinum, and palladium are known to follow its movement.
Will Gold Be an Inflation Hedge or Tumble on the Fed's Decisions? As we’ve been discussing in this series, gold tends to influence the movements of precious metals miners. Gold also tends to dominate the precious metals: silver, platinum, and palladium are known to closely track its movements.
In this part of the series, we’ll analyze the correlation of the mining stocks to gold. Gold is the most dominant of the four precious metals, and silver, platinum, and palladium are known to closely track the movement in gold. Also, precious metals, though they belong to the equity segment of the market, are more dependent on where precious metals move, especially gold.
After reviving compared to their previous losses, the four precious metals are in negative territory again. The revival of the US dollar had a negative impact on precious metals and mining stocks during the past few weeks. The settling of the market’s unrest could have also caused a withdrawal of haven bids.
Markets were full of geopolitical tensions in April, boosting precious metals and miners’ stock prices. However, the US dollar later strengthened and the market unrest subsided, impacting precious metals and mining stocks.
When analyzing precious metals and precious metal mining companies, it’s essential to analyze the relationship between precious metals. There have been considerable ups and downs in precious metals since the beginning of 2018. Year-to-date, gold has risen 1.1%, and silver has fallen 2.2%.