Is it time to buy mining stocks
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Silver is a precious metal, like gold, but the silver industry's supply and demand dynamics are a little different. And if you are looking for silver, First Majestic Silver NYSE: AGPan American Silver Corp.
PAASand Hecla Mining NYSE: HL are three of the top silver stocks to buy in as they prepare for brighter futures.
If you are looking for silver exposure, First Majestic should be top of your list. It's one of the purest plays in the silver industry. First Majestic, however, is expecting silver production to decline this year. It produced roughly That, however, is pretty solid compared to some of its peers, which are also expecting weak silver production in see below. Looking further down the road, it has new mines or expansion projects that it expects to materially increase production in two years or so.
So it shouldn't have any trouble paying for its growth plans. As one of the miners most exposed to silver and with projects on the horizon, First Majestic is one silver miner you should be looking at today. So while it's not purely a silver miner, the metal is the most important contributor to the business. First Majestic has more silver exposure than Pan American PAAS or Hecla HL.
This year is going to be a little rough for Pan American.
Time to Buy Gold Miners? - Barron's
After silver production fell around 2. That's not so good, but Pan American has projects in the works that should lead to production growth in and It should have plenty of leeway to achieve its goals, too, since long-term debt makes up just 2.
Citigroup: 'Don't be tempted' to buy gold mining stocks | uqyhadet.web.fc2.com
With production growth on the horizon, Pan American Silver is worth a deep dive now while the shares are still off recent highs. Hecla is a bad-news-could-be-good-news story for more aggressive investors.
That's partly because it's dealing with a strike at the Lucky Friday mine, one of its key assets. But it's using the work stoppage to upgrade the mine how to make money selling fudge new equipment, so there's, pardon the pun, a silver lining there.
That said, while Lucky Friday is down, the is it time to buy mining stocks revenues have shifted toward gold. That said, Hecla still lays claim to being the largest silver producer in the United States.
This year should be tough production wise for Hecla, with the Lucky Friday strike a big part of that pain. The work stoppage means there's no way to tell what production will be at this point.
The real potential, however, comes from the future. For starters, the Lucky Friday strike will eventually end.
And Fantasy stock market websites in india is looking at ways to extend the life of a new asset, the San Sebastian mine, which had its first year of production in Assuming Helca is successful in its efforts to extend the life of San Sebastian, the near term could turn out a lot mirror trader forex peace army than it appears right now.
Looking out longer term, the company has projects it expects to begin producing early in the next decade. And while all of that works itself out, higher gold prices will help keep awesome 20 pips profit simple forex scalping system business running.
This Market Cycle Diagram Explains the Best Time to Buy Stocks
With the stock off of its highs, now is a good time to do a deep dive. But only if you are willing to take on a little more risk, since the Lucky Friday strike adds a lot of near-term uncertainty here. This year won't be great for silver miners production wise. And that's an important number to watch, even if higher precious metals prices help to offset the blow of weak production. On that score, First Majestic, Pan American, and Hecla all have very interesting stories to tell investors. With varying degrees of exposure to silver, each is worth a deep dive if you are looking for the best silver mining stocks to buy in Reuben Brewer has no position in any stocks mentioned.
The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Reuben Gregg Brewer believes dividends are a window into a company's soul. He tries to invest in good souls. Skip to main content The Motley Fool Fool. Premium Advice Help Fool Answers Contact Us Login. Latest Stock Picks Stocks Premium Services.
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