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With the iShares Silver Trust (NYSEARCA:SLV) down nearly 4.65% over the last few trading sessions, due in large part to the interest rate cuts enacted by the ECB, I wanted to take a closer look at several silver companies and see if I could find a few positive catalysts. After developing a screen, I found three silver companies that actually carry very minimal total debt-to-total cash ratios. That ratio is simply formulated by taking the company's debt and dividing by the total cash. I consider any ratio under "1" very healthy, under "2" satisfactory, under "3" cautionary, and anything over "3" a warning sign.

Symbol

Price

Mkt Cap

Total Debt

Total Cash

Ratio

AG

14.25

1.51B

16.01M

96.01M

0.167

PAAS

14.54

2.25B

104.97M

594.21M

0.176

SLW

26.01

9.23B

71.48

997.49M

0.072

First Majestic Silver Corp ((NYSE:AG)), which trades in a 52-week range of $12.12/share (52-week low) and $25.56/share (52-week high), has a market cap of $1.51 billion, was given a rating of a "1," based on the statistical calculations of my formula. AG currently has $96.01 million in total cash on its books (it should be noted that the company currently has $131.63 million in operating cash flow, and -$23.85 million in free cash flow) and only has $16.01 million in total debt. That equates to a total debt to total cash ratio of 0.167, which in my opinion, is a very positive catalyst moving forward. Recently trading at a 15.06% discount to its 200-day moving average, AG recently completed its acquisition of Silvermex Resources.

Pan American Silver Company (NASDAQ:PAAS), which trades in a 52-week range of $14.80/share (52-week low) and $34.49/share (52-week high), has a market cap of $2.25 billion, was given a rating of a "1," based on the statistical calculations of my formula. PAAS currently has $594.21 million in total cash on its books (it should be noted that the company currently has $337.39 million in operating cash flow, and $79.14 million in free cash flow) and only has $104.97 million in total debt. That equates to a total debt to total cash ratio of 0.176, which in my opinion, is a very positive catalyst moving forward. Recently trading at a 29.2% discount to its 200-day moving average, PAAS recently completed the sale of its Quiruvilca Mine for $2 million dollars.

Silver Wheaton Corp (NYSE:SLW), which trades in a 52-week range of $22.94/share (52-week low) and $42.50/share (52-week high), has a market cap of $9.21 billion, was given a rating of a "1," based on the statistical calculations of my formula. SLW currently has $997.49 million in total cash on its books (it should be noted that the company currently has $663.04 million in operating cash flow, and $335.37 million in free cash flow) and only has $71.48 million in total debt. That equates to a total debt to total cash ratio of 0.072, which in my opinion, is a very positive catalyst moving forward. Recently trading at a 15.9% discount to its 200-day moving average, SLW is expected to release second quarter results on August 9th.

Source: 3 Silver Stocks With Minimal Debt To Consider At Current Levels