Silver Wheaton Corp. (USA)
Gold’s shimmer is losing its luster. And as gold grows more dull, Barrick Gold (NYSE: ABX) feels more and more pain. Barrick is running into considerable trouble as gold, its primary commodity, falls down from the stratosphere.
Barrick Gold (NYSE: ABX) has announced a massive impairment in its second quarter earnings report. This came as no surprise. The drop in gold prices has caused the company to write down $8.7 billion from its balance sheet. On the other hand, Barrick Gold reported adjusted earnings of $0.66 per share. The company made money from its operations in the quarter, despite the low gold price environment. Its more »
On Monday, gold futures fell for the fifth straight session, capping the longest slump since May, as a stronger dollar crimped demand for the precious metal. For many, this comes as no surprise. Gold gets all of the press, but what about silver? Silver is not going to remain gold's ugly little brother for much longer.
The last decade was the decade of gold. But it's my more »
For most of the last decade industrial demand for silver has enjoyed an upward trajectory because of a sharp increase in the electrical and electronic sector demand—a key driver for the overall growth of the silver industry is industrial production growth.Silver is used in jewelry, automobiles, solar panels, and many other industrial components.
The price of silver is inversely related to interest rates—in times when interest rates more »
We know the age old rule, right? When the U.S. dollar strengthens, the value of precious metals falls, and when it weakens, we see a surge in the price of these metals. Well, there are other factors too which influence the price of these precious metals.
One of them is the demand for precious metals coming from the two upcoming giants: India and China. The demand for these precious more »
I recently wrote about how intelligent investors can diversify their portfolios using gold investments. Gold is, however, not the only historically monetary precious metal that has been beaten down lately – silver also has the potential to resume its decade-plus upward trend.
Silver is not as rare as gold and has industrial uses to go along with its monetary properties. Because of this increased supply and demand, silver currently trades for more »
Is silver set to shine more brightly in the near future? Are entities that are part of this industry set to do the same? Today, I’m taking a quick look at Silver Wheaton (NYSE: SLW), First Majestic Silver (NYSE: AG), and Pan American Silver (NASDAQ: PAAS) to see what they have to offer to investors.
Precious metal streaming
Silver Wheaton is the largest precious metal streaming company in the more »
Investing in gold and silver mining stocks is not for the faint-hearted, and it has been especially unprofitable during the last few years with the collapse in the share price of precious metals prices. With the bloodbath come potential opportunities, however, and investors looking to bet on a rebound in precious metals prices can significantly reduce their investment risk by focusing on precious metals royalty companies.
I believe investing in more »
The darkest hour is before the dawn. Could this be true for silver and silver miners? The precious metal has lost 35% this year in a wild downturn. Silver Wheaton (NYSE: SLW), the silver streaming company with the biggest capitalization, has lost 43%. Silver Wheaton’s unique business model allows it to buy silver at a predefined price from miners and stay away from operational activities. However, this model does more »
Sure you want to be thin and rich in real life, but you don't want your stocks to be rated Underweight! Finding Overweight stocks with low PEGs isn't easy in the torrid run-up of the last year. Screening for mid-caps with Wall Street Outperforms, gross margins over 25%, trailing P/Es under 15, and EPS growth rates of 30% over the last three years elicited only seven names more »
Like their gold mining peers, silver miners have come under pressure recently to improve their cash returns to investors as stock prices languish.
Some have improved investor returns and one of them, Pan American Silver (NASDAQ: PAAS), now offers yields of around 4%.
That said, how sustainable are these yields in a mining environment, where costs are rising and commodity prices are falling? Are these companies able to sustain their more »
For investors interested in precious metals, it really comes down to one decision: silver or gold? Although they frequently trade in tandem, and are often purchased for the same reasons, they are far from identical.
Each metal has its own trade-offs. I'll break down the relative arguments for owning one over the other, and then suggest ways for interested investors to get exposure.
The case for silver
Silver is more »
Finding small-cap stocks that have strong earnings and strong growth over the past few years can provide insight into potential long-term winners. Two stocks highlighted here have some exciting attributes that will be discussed to potentially uncover some great value for shareholders.
I used a stock screen that focused on small-cap companies. It also looked for companies with high profit margins and ones that have experienced significant EPS growth over more »
Gold and silver haven’t performed well in the past several months. Will precious metals recover from their recent tumble? Some people still consider gold an investment worth having. The leading arguments aren’t surprising: Central banks are printing money, global debt is rising and gold has done very well in the past decade. Let’s take a close look at these arguments and consider their validity. Let’s also more »
Barrick Gold (NYSE: ABX) has stated the obvious: Pascua-Lama project would be delayed beyond 2014. The project costs would exceed the previous $8 billion - $8.5 billion estimate. Let’s consider if the news changes the outlook for Barrick’s stock.
Would Barrick give up on the project?
Let’s start with a quick reminder of what the Pascua-Lama project is. Pascua-Lama is a huge mining project situated in Argentina more »
Silvercorp Metals (NYSE: SVM) is a Canadian-based silver miner that operates multiple mines in China. Just like other silver miners, Silvercorp Metals has faced mounting pressure this year. Its stock is down 46% year-to-date. The company has recently released its quarterly results, which gives us a chance to evaluate its performance.
Silvercorp reported fiscal 2013 fourth-quarter net income of $6.4 million, or $0.04 per share, inline with analysts more »
Chile’s environmental regulator has recently imposed a $16 million fine on Barrick Gold (NYSE: ABX). It has also stopped construction on the Pascua-Lama project due to serious environmental violations. This project has been a source of headache for Barrick for some time. It seems it does not get better. Or does it?
What’s the problem?
Pascua-Lama is one of the world’s largest gold and silver resources with more »
While gold has slipped 27% from its all-time high, many have failed to notice that the price of silver has also plummeted almost 50% from its all-time high of $49.5/oz, a level it reached in July of last year. As a result, companies industry-wide are reviewing their capex plans and operating budgets to maximize cash flows. Given the massive year-to-date declines in silver stocks, it is obvious that more »
Both Palladium and Silver Have Industrial Uses
In the past six months, the Palladium spot price is UP 13% while Silver and Gold prices are DOWN 33% and 20%, respectively. Bellwether Gold company Barrick Gold, (NYSE: ABX) and Silver company Silver Wheaton, (NYSE: SLW) are down 46% and 54% from 52-week highs. These companies are suffering greatly from rising costs and resource nationalism in key operating jurisdictions.
Barrick Gold, Trouble more »
Silver investors often make noise of the disconnect in pricing between “paper” and “physical” silver. Many believe that the disparity is a sign of market manipulation. Why should physical silver – coins, bullion bars, or scrap silver – trade at a premium to silver on a futures exchange?
In all reality, some small spread between paper and physical silver is tolerable, if not expected. Physical silver is costlier to store, more expensive more »
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