How Analysts Rate Silver Miners after Their 1Q17 Results
Now that we’ve analyzed silver miners’ operatations and fundamentals, let’s look at the market sentiment toward these companies. Let’s also look at analyst recommendations, target prices, and potential upsides for silver miners (SIL).
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Highest ‘buy’ ratings
Among all primary silver producers (SIL), Tahoe Resources (TAHO) seems to be the most-liked silver miner. It has 87.0% “buy” ratings and 13.0% “hold” ratings. Its current target price is $15.54, which implies an upside potential of 25.7%.
Silver miners’ ratings
The consensus rating for Coeur Mining (CDE) stock is a “buy” from 71.0% of analysts. About 29.0% of analysts are recommending a “hold.” It has no “sell” ratings.
The average consensus target price for CDE is $12.40 compared to its current market price of $9.63, which implies a potential upside of 28.8%.
About 70.0% of analysts are recommending a “hold” for Hecla Mining (HL), while 20.0% have issued a “buy” recommendation. In comparison, the “buy” ratings were 30.0% one year ago.
In comparison, 60.0% of analysts rate First Majestic Silver (AG) a “hold,” while 40.0% rate it a “buy.” The stock has no “sell” ratings. Its target price implies an upside of 86.7%.
We also should note that while 60.0% of analysts have “buy” ratings for Pan American Silver (PAAS), 40.0% have issued “hold” ratings. Pan American Silver’s strong operating results for 2016 and 1Q17 as well as its robust outlook have likely encouraged analysts to upgrade the stock. One year ago, it had no “buy” ratings and 91.0% “hold” ratings.
In the next part of this series, we’ll look at analysts’ recent changes in recommendations and target prices for these silver miners. We’ll also look at the reasons behind those changes.