Six Shining Opportunities in Silver

With all the concerns about the economy recently, many investors have turned to gold, driving up the price per ounce, and the price of gold mining stocks. Over the last few days, the price of silver has been moving up. Maybe its time to see if there are any shining opportunities in the silver mining and production industry.

All of these stocks have market caps over $900 million:

Silver Wheaton Corp. (SLW) is a Vancouver, British Columbia-based silver production company, that trades on the New York Stock Exchange. It gets its silver from Mexico, Sweden, and Peru. This $2.75 billion market cap company has a P/E of 31.61, and a PEG of 4.4.

Silver Standard Resources Inc. (SSRI) is another Vancouver-based company, which trades on NASDAQ. It buys, explores for, develops, and mines for silver in Argentina, Australia, Canada, Chile, Mexico, Peru, and the United States. The company has a market cap of slightly over $2 billion. Its earnings have been negative.

Pan American Silver Corp. (PAAS), which trades on NASDAQ, explores for and mines for silver, copper, zinc, lead, and gold in Mexico, Peru, Argentina, Bolivia, United States and Argentina. The company has a market cap of $2 billion. The stock has a P/E of 24.01, and a PEG of 0.95.

Apex Silver Mines Ltd. (SIL), is based in the Cayman Islands. It explores and develops silver mining properties in Bolivia, Peru, Argentina, and Mexico. The company has a market cap of $1 billion, and its earnings have been negative.

Coeur d'Alene Mines Corp. (CDE), is a mining company that has been around since 1928. It mines for silver, gold, lead, and zinc all over the world. It has s P/E of 15.78, and a PEG of 0.81. Its market cap is almost $1 billion.

Hecla Mining Co. (HL), is another old-line mining company that has been around since 1891. It mines for silver, gold, lead, and zinc in Idaho, Alaska, Venezuela, and Mexico. Its P/E is 17.75, and it has a market cap of approximately $950 million.

Disclosure: The author does not own any of the above.

Comments

[sevenmile:]

2 of these are great recommendations - Silver Wheaton and Silver Standard

Do not invest in the others - political considerations with regimes that seek to nationalize mining companies can be hazardous to an investor's wealth!

2 others that were not recommended can be found here, weekly updates:
www.hondoazul.com/Poto...

2007 Sep 09 05:01 PM

[sevenmile:]

2 of these are great recommendations - Silver Wheaton and Silver Standard

Do not invest in the others - political considerations with regimes that seek to nationalize mining companies can be hazardous to an investor's wealth!

2 others that were not recommended can be found here, weekly updates:
www.hondoazul.com/Poto...

2007 Sep 09 05:01 PM