Raw Greed’s Top 3 Silver Miners

Posted on September 10, 2007 , filed under Stocks | Print This Post

Metals are still going strong with gold hovering over $700. Silver has managed to break $12.50 and the USD Index has managed to stay under $80. It will be interesting to see the COT report this week. I expect to see a decrease in commercial shorts again and an increase in commercial long positions. Prices of stocks in PM miners still remain relatively low. Here are my top 3 silver mining picks. You will notice that all three silver miners follow my recent theme of buying stocks with all cash and no debt positions.

Hecla Mining Company [[HL]]
Market Cap: 950.26 Million
Trailing P/E: 17.79
Forward P/E: 20.79
Cash Position: 180.64M
Debt: 0
ROE: 23.73%
ROA: 6.16%
52-week range: $4.90-$9.89

On September 3rd, I wrote this article about possible investments in IAMGOLD Corporation [[IAG]] and HL. My price target to buy HL was under $7. I now view HL as an attractive investment at the recent price range of $7.50-$7.80.

Pan American Silver Corporation [[PAAS]]
Market Cap: 1.97 Billion
Trailing P/E: 23.61
Forward P/E: 16.08
Cash Position: 143.73 Million
Debt: 0
ROE: 16.65%
ROA: 8.93%
52-week range: $17.50-$32.46

Silver Wheaton Corporation [[SLW]]
Market Cap: 2.77 Billion
Trailing P/E: 32.34
Forward P/E: 31.12
Cash Position: 40.33 Million
Debt: 0
ROE: 14.06%
ROA: 8.46%
52-week range: $7.95-$14.92

*Disclaimer: The author holds no positions in any of the stocks mentioned above.

To track silver announcements visit the Kitco precious metals silver site.

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Pingback by 5 Working Days Left, Be a Part of the RUSH | Raw Greed Stock Blog, Fundamental Investing Through Speculation and Greed

2007-09-11 06:40:45

[...] « Raw Greed’s Top 3 Silver Miners 5 Working Days Left, Be a Part of the RUSH The countdown is continuing. There are now 5 working days left before an anticipated rate cutby the Fed on September 18th. We may be due for a small breather as the market weighs in the certainty of the rate cut. I expect to see a high degree of volatility in the trading action for PM equities in comparison to spot prices. [...]

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