7.09 +0.08 (1.14%)
After hours: 4:33PM EDT
|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||6.91 - 7.05|
|52-week range||5.92 - 10.92|
|PE ratio (TTM)||89.87|
|Forward Dividend & Yield||N/A (N/A)|
|1y target est||8.11|
On a YTD basis, First Majestic has the lowest correlation to gold, while Primero Mining has the highest correlation to gold.
The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.
First Majestic Silver (AG) has the highest trading multiple of 13.2x. This multiple represents a premium of 38.4% to its peers’ average multiple.
Among the silver miners (SIL) under discussion in this series, Hecla Mining (HL) has the fewest “buy” ratings, with only 18% of the analysts recommending its stock.
CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.
Because silver can act as a leveraged play on gold prices, silver prices usually follow gold prices but with greater intensity. This has not been the case so far in 2017, as silver has underperformed gold....
Coeur Mining has relatively higher costs than its peers (SIL), which makes it more leveraged to the changes in precious metal prices.
On September 29, Alamos, First Majestic Silver, Franco-Nevada, and Pan American had call implied volatilities of 46.9%, 54.6%, 25.5%, and 34%, respectively.
Surging level of implied volatility makes First Majestic Silver Corp. (AG) Stock lucrative to the option traders.
Many mining stocks saw a revival in prices on Monday, September 25, 2017, since precious metals saw an upswing.