List of Silver Dividend Stocks with the Highest Yields Includes One of Our Top Picks

During this bull run, several silver stocks returned 3X-4X the price of physical silver, showing you the leverage these stocks can provide during a bull run. Going forward, Pan American expects silver production to decline this year but pick up over the next couple of years as ongoing expansion programs such as in Mexico come on line. I believe expanding production and cash flows should help Pan American keep its dividend intact, and even increase it, in the coming years. A dividend yield of 0.6% might be small, but Pan America’s dividend has the potential to grow. After dipping below $14 per ounce early this year and touching a low that hadn’t been seen since the Great Recession, physical silver prices were, at one point, briefly up more than 50% by midyear. Since July, physical silver has lost about a quarter of its value.

  • In February, it released results from 13 exploration and infill drill holes completed at the project, and in March it provided an update on the project.
  • During the second quarter of 2020, EXK generated a net revenue totaling $20.2 million.
  • Diversification is especially valuable when considering silver stocks, considering the volatility of precious metals prices.
  • The rest of the top line comes from industrial metals lead (8%) and zinc (19%).

He also has a plan for massive spending on infrastructure projects, to the tune of $1 trillion. This list ranks the top silver dividend stocks trading in the United States by biggest dividend yield right now. And this list includes one of our newest silver stock recommendations… Many silver mining companies, including Pan American Silver and First Majestic Silver, hold significant silver reserves.

Because of that, demand for silver should grow in the coming years, which could drive its price higher. That makes silver a potential way to play the growth in clean energy. To help you choose the best of the lot, here’s a sneak peek into the background and dividend growth potential of each stock. Here’s a recap of my top picks for 2016, to show you the results I’ve achieved.

I also think Great Panther is a strong takeover target for some of the larger silver miners mentioned on this list. I estimate, from experience that every 10% gain in silver prices review security analysis, sixth edition should net you approximately 30% or greater gains in silver miners. Of course, this works both ways, as a 10%-20% drop in silver prices can also result in a 30% loss, or greater.

The more important thing about these winning stocks is what they all have in common. First and foremost, you can see that nearly all of them started out the year as true small-cap stocks, with only Nektar having a mid-cap market capitalization before its extensive gains for the year. Although 2017 was noteworthy for seeing some large-cap names put up impressive returns, the truly massive gains were reserved for smaller companies with explosive growth potential. The dollar continuing to rise could work against the price of silver. But Krauth expects higher inflation to return sharply at some point. But before we tell you our 2017 forecast, let’s look at the top silver stocks of 2016.

Great Panther Silver, meanwhile, is the smallest and probably riskiest of the trio — though it has no debt. But it has the biggest growth opportunity ahead if the mine it’s buying pans out as expected. All three, however, could be great options for investors looking at silver today. The data for this article was retrieved on July 4, 2017 using The Globe and Mail’s market data filter. Only TSX-listed silver companies with market capitalizations greater than $50 million are included.

Avino Silver & Gold Mines (TSXV:ASM)

Americas Silver has silver-mining operations in the US and Mexico. Three of its mines are producing, and the company also has an advanced-stage exploration project. Click to continue reading and see the 5 best silver stocks to buy now. McEwen Mining Inc is a diversified gold and silver producer and explorer with operating mines located in Nevada, Canada, Mexico, and Argentina.

  • Keep tabs on the silver market and work with the best information.
  • On the operational front, First Majestic is firing on all cylinders.
  • And that’s an important number to watch, even if higher precious metals prices help to offset the blow of weak production.
  • Despite these massive gains in gold and silver mining stocks, I believe they still have much higher to go.

That means it gives miners upfront cash payments for the right to buy silver (and gold) at reduced prices in the future. The firm owns several mines in China’s Ying Mining District, with the largest being its silver-lead–zinc Ying mine, which has been in operation since April 2006. The company acquired its LM silver-lead mine, HPG silver-gold-lead mine and TLP silver-lead mine 2007, and its silver-lead-zinc GC mine began producing in 2014. In 2011, the company acquired the BYP gold-lead-zinc mine, but it suspended production in 2014 and does not consider BYP a core asset. Americas Silver has silver mining operations in the US and Mexico. Two of its mines are producing, while a third is in construction; the company also has an advanced-stage exploration project.

Best Silver Stocks of 2017 on the TSXBy Melissa Shaw, October 19, 2017Silver was over $18 per ounce at the start of 2017, but it hit a 15-month low of $15.19 in July. It rallied back to about $18 in early September, and as of mid-October was at about $17. The list below was generated using The Globe and Mail’s market data filter, and it shows the TSX-listed silver companies that saw the biggest share price gains from January 1 to April 12. You can click here to view our list of the TSXV-listed best silver stocks in Q1. Hecla blew past my expectations this past quarter, with a 17% jump in silver equivalent production to 10.3 million ounces, plus a 51% decline in cash costs to $3.68 per ounce.

A Bloomberg report has explained how silver may be set to outperform gold during these financially turbulent times, as the metal is also a core material in solar panels and plays a large role in the energy industry as well. As I touched upon earlier, lower silver prices proved a hurdle for First Majestic in 2017, as did higher cash costs because of a strike at one of its mines. I expect the miner to get back on the growth track in 2018 and beyond as it scales oanda review up production and brings down costs, which should also mean a brighter year for the silver mining stock. The silver miners’ stocks have surged higher in this young new year, putting the Trumphoria general stock rally to shame. Following its fourth-quarter drubbing, this tiny contrarian sector is embarking on a major new upleg as traders return. Silver stock uplegs tend to grow to massive proportions, and silver mining fundamentals remain strong today.

best silver stock to buy 2017

Those catalysts affected the price of precious metals, mining stock prices, silver and gold ETFs, and cryptocurrencies. However, silver stocks are also correlated to the spot price of silver bullion. In other words, if you’re looking for a silver miner, First Majestic is a focused choice. 2017 is expected to be a rough year production wise, with a drop off from 2016. However, the company has two projects in development that it expects to materially increase production over the next two to four years.

Which silver stock offers the best dividend: Hecla Mining, Pan American Silver, Wheaton Precious Metals, or Tahoe Resources?

And it’s been working hard to get costs down, with cash costs and all-in sustaining costs each declining by nearly 40% between 2014 and 2016. The new mines will likely push costs higher in the near term, but that will probably be a temporary issue. After silver production fell around 2.5% in 2016 the goal is to simply hold the line in 2017. That’s not so good, but Pan American has projects in the works that should lead to production growth in 2018 and 2019. And it expects to have all-in sustaining costs of around $9.30 an ounce by then (well below current spot prices), with capital spending falling after start-up costs subside. As I point out every year, I strongly urge investors to consider dollar-cost averaging positions in silver stocks, instead of trying to time the market and go all-in at once.

First Majestic Silver: The best silver pure play

It will be testing for near-surface, high-grade mineralization within the modeled open pit containing the 2014 resource. The top hedge fund holder is also Jim Simon’s Renaissance Technologies with $4 million invested in the stock at the end of September. The company is engaged in the business of the acquisition of mineral properties.

Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on, top-rated podcasts, and non-profit The Motley Fool Foundation. As the second bitbuy canada review quarter of 2020 ended, the company reported cash and working capital of $18.4 million and $25.5 million. At the end of the third quarter ended September 30, 2020, Alexco reported an operating loss of $5.4 million, or $0.04 per share. The Company had $39.8 million in cash and cash equivalents, and a net working capital of $38 million.

Gold and silver corrected and consolidated for over 4 years, leaving many gold bulls questioning their investment thesis. But precious metals bottomed in December of 2015, with gold bouncing off the $1,045 level and silver bottoming around $13.65. Silver stocks are simply the shares of companies that produce and refine silver.

Sierra Metals (TSX:SMT)

This company has a dominant position in the silver market, and Thomson Reuters analysts think it could give investors a 42.6% profit over the next year. But silver dividend stocks can still be great income investments in this volatile price environment. Many of the companies listed above haven’t cut their dividends so far this year. In fact, the silver dividend stock with the highest yield on the list – BHP Billiton Plc. – nearly tripled its quarterly dividend, from $0.28 per share to $0.80 in March. That indicates many of these stocks are dedicated to paying their shareholders even if their stock prices fall.

Pan American Silver controls the world’s largest silver reserves following its acquisition of Yamana Gold in 2023. The acquisition increased the company’s silver production by 50% and more than doubled its gold output. It also enhanced Pan American Silver’s long-term silver production growth profile.

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