X
<

Which Silver Miners Do Analysts Favor as 1Q17 Results Approach?

PART:
1 2 3 4 5 6 7
Which Silver Miners Do Analysts Favor as 1Q17 Results Approach? PART 1 OF 7

What Is the Outlook for Silver Miners in 2017?

Silver versus gold performance

Silver has slightly outperformed gold year-to-date (or YTD). While the SPDR Gold Shares ETF (GLD), which tracks gold prices, has gained 10.5% YTD, the iShares Silver Trust ETF (SLV), which tracks silver prices, gained 11.6% on April 14, 2017.

Precious metal miners with substantial exposure to silver have also performed well year-to-date. Silver is usually a levered play on gold prices. This leverage could work to the downside if gold prices come under prolonged pressure after the Fed’s rate hikes.

What Is the Outlook for Silver Miners in 2017?

Interested in GLD? Don't miss the next report.

Receive e-mail alerts for new research on GLD

Success! You are now receiving e-mail alerts for new research. A temporary password for your new Market Realist account has been sent to your e-mail address.

Success! has been added to your Ticker Alerts.

Success! has been added to your Ticker Alerts. Subscriptions can be managed in your user profile.

Silver miners’ performance

The divergence between silver prices and silver miners’ stock prices continued due to company-specific factors and the leveraged nature of these companies. Of these companies, Pan American Silver (PAAS) has outperformed its peers, rising 18.8% through April 14, 2017.

First Majestic Silver (AG), Hecla Mining (HL), and Coeur Mining (CDE) rose 13%, 5.5%, and 4.0%, respectively. Tahoe Resources (TAHO) underperformed its peers, falling 11.3% YTD.

For more on silver miners’ performances and its reasons, please read A Look at Silver Miners after Their 4Q16 Earnings Announcements.

In this series

Analysts’ recommendations and ratings are important market sentiment indicators for investors to study. Analyst ratings tell you how bullish or bearish analysts are on a particular company or industry. At the extreme, the sentiment could be an indicator of a change in direction going forward.

In this series, we’ll also look at Wall Street analysts’ recommendations and ratings for these precious metal miners. It’s important to note that analysts’ estimates usually lag behind price movements. We see upgrades when stocks have already risen. As for downgrades, they come when a company has already seen lower prices.

X

Please select a profession that best describes you: