An article listing the 10 best silver stocks to invest in for the year 2021
Silver, for much of human history, has been the very thing that has made fortunes. The precious metal has been fought for and prized for its many uses since pretty much the very dawn of civilization.
Today, investors prize silver for its ability to hedge against the effect of inflation and provide a source of investment that only increases in value. Its use in a wide range of use in different industries has made silver one of the best metals to invest in if you're looking for a high-demand commodity.
Though there are certainly drawbacks to owning physical silver, the next best thing is to buy silver stocks. Investing in a silver mining company, or the like can offer you much of the same benefits of investing in silver but without all the hassle of storing and insuring it. But which silver stocks specifically are the most optimal choices?
The 10 Best Silver Stocks This Year (So Far)
In this article, we have listed just that:
1. Silvercorp Metals Inc. (NYSE: SVM)
Market Value: $940.32 Million
The company is predominantly concerned with the acquisition, mining, and selling of silver in its operations in Mexico and China. The company also deals in other metals like gold, zinc, lead, and other metals that can be extracted from its mines.
The company has signaled that its semi-annual dividend is at $0.025 with a forward yield of 0.39%. It is estimated that come the year 2022, Silvercorp Metals would have 9.4 million ounces of silver extracted. They also have recently come into ownership of the Ying silver-lead-zinc project located in the Ying Mining District in Henan, China.
In the first quarter of 2021, the company has posted a revenue of $37.73 million which is up by more than 89%. There are also 10 hedge funds currently investing in the company with roughly $31 million worth of shares.
2. Endeavour Silver Corp. (NYSE: EXK)
Market Value: $960.48 Million
With operations mainly in South America, a region of the world infamous for its richness in silver deposits, the company has mines in Mexico and Chile. In the first quarter of this year, Endeavor Silver Corp. has seen a large amount of growth with gold production up by 31% and silver production up by 22%.
The company reported a revenue of $34.43 million which is up by 56%. There is also no sign of the company slowing down anytime this year as the company's gross profit margin is 43.92% and has gained 7.37% in the past 6 months and 8.7% year to date as well.
There are currently 10 hedge funds investing in the company in an amount of roughly around $19 million. Though the company has missed the expected revenue growth for the last quarter, the fact that it garnered a profit despite the pandemic is a testament to how good an investment it is for a stable source of income.
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3. Fortuna Silver Mines Inc. (NYSE: FSM)
Market Value: $1.91 Billion
Another company that deals with the acquisition, mining, and refinement of silver and other metals in Latin America, the company's main projects are the Caylloma silver mine Peru, the San Jose silver and gold mine in Mexico, and the Lindero project in Argentina.
Many prize the stocks of this company due to the diversified portfolio it boasts and the high potential for growth given its extensive mining operations. A sign of its attractiveness is the fact that it saw a revenue of $118 million in the first quarter of this year. This beat expectations and indicated an increase of 148% year on year.
There are currently 12 hedge funds investing in the company with a collective share amounting to about $19.8 million.
4. First Majestic Silver Corp. (NYSE: AG)
Market Value: $4.57 Billion
The company centers itself mainly on the exploration and mining of gold and silver in Mexico. It holds total control over several notable minds each with its own stellar productivity record.
Despite its focus of operations on a single country, the financial strength of the corporation is not to be underestimated. In the first quarter of 2021, the company reported a revenue of over $100 million. This is an increase of almost 41% from the previous year's revenue report.
The gross profit margin of the company is at 40% with a growth of over 9.75% in the past 6 months. The company has recently declared a dividend of $0.0045 with a forward yield of 0.12%.
There are currently 15 hedge funds tied up in the company's stocks with a total value of $55 million. This is higher than last year's numbers with 12 hedge funds.
5. Hecla Mining Company (NYSE: HL)
Market Value: $3.82 Billion
Operating mainly in the United States but also sees an international exploration of mining interests, Hecla offers lead, zinc, bulk concentrates, silver bullion bars, and even unrefined gold.
In recent news, the company has increased its quarterly dividend payout by 28%. It also saw stellar revenue in the first quarter of this year at $211 million. This is up by almost 55% and beat the company's expectations by almost $7 million. Gross profits are also at 48% and have grown by almost 10% over the past year.
There are currently 16 hedge funds invested in the company with a total share amounting to almost $40 million.
6. SSR Mining Inc. (NASDAQ: SSRM)
Market Value: $3.56 Billion
The company acquires and develops precious metals in Turkey and the Americas. Their track record with silver production is quite impressive while they also engage in the mining of other metals like gold, zinc, and lead -- offering a diverse source of revenue.
In the first quarter of this year, the company saw more than $360 million in revenue and beat expectations by $40 million. The revenue report indicated it being up by more than 120% and the company has an overall profit margin of 51.67%.
16 hedge funds are investing in the company with a shared total of $178 million. This though is down from the 18 hedge funds and $237 million of last year.
7. iShares Silver Trust (NYSE: SLV)
Market Value: $9.70 Billion
Whereas the other stocks in this list are primarily from silver mining companies, iShare Silver Trust offers exchange-traded funds for those who wish to invest in ownership of actual silver much like one would a stock of a company.
They directly allow you to benefit from the shifts in silver prices. The total returns of the firm to its investors are up by 42.96% from last year's numbers. There are currently 25 hedge funds currently investing in iShares Silver Trust with a total amounting to roughly $208 million. This is down from 28 hedge funds of just the previous quarter with a total stake value of $199 million
8. Pan American Silver Corp. (NASDAQ: PAAS)
Market Value: $6.02 Billion
The company has operations in Canada and several countries in Latin America. The company mainly deals in the extraction and refinement of silver, gold, zinc, lead, and copper.
It recently announced a dividend increase of $0.07 with a dividend yield of 0.97%. In the first quarter of this year, the company garnered an EPS of $0.18 and revenue of $368 million -- an increase of 2.7% from last year's revenue report.
Gross profits are at 46.36%. There are currently 27 hedge funds investing in PAAS with a total stake value of $352 million.
9. Wheaton Precious Metals Corp. (NYSE: WPM)
Market Value: $20.02 Billion
The company is known as a seller of precious metals in Canada and internationally. The main minerals it deals in includes silver, gold, palladium, and cobalt deposits.
The company saw an impressive revenue of $232 million in the first quarter. In May, it announced an increase of its quarterly dividend to the tune of $0.14 per share with a 1.25% yield. This also makes it a good choice for income investors.
By the end of the year's first quarter, 28 hedge funds were investing a total of $439 million. For comparison, last quarter saw 34 hedge funds investing a total of $755 million.
10. Newmont Corporation (NYSE: NEM)
Market Value: $51.26 Billion
Though mainly a producer of gold, Newmont Corporation also deals in the acquisition and extraction of silver, zinc, copper, and lead.
The revenue of the company for the end of this year's first quarter was reported to be at 2.87 billion -- an increase of 11.27% year over year. As it currently stands, the company has a high gross profit margin of 55.29%. The stock has gained 3.56% in the past year.
43 hedge funds are currently investing in the company to the amount of roughly $994 million.
Bottom Line on Silver Stocks
Silver stocks are great no matter the form of method it's traded in. The only thing that stands in the way of you earning a pretty penny from this precious metal is research. Be sure to practice due diligence with these companies before investing and keep on top of market news.
These things will save you in times of market volatility and ensure you're getting the best you can out of silver.
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