Considering investing in silver stocks? While the best silver stocks depend on your portfolio and investment goals, we've identified some silver stocks that are worth keeping an eye on in the silver mining sector. Keep reading to learn more about silver stocks and how to start investing.
7 popular silver stocks to watch
We round up a selection of stocks in or related to the silver mining industry, weighting the list more heavily towards popular mid- and large-cap stocks.
| Best stock | 1-year return | Market cap | Exchange | Volume | Buy now on CIBC Investor's Edge |
|---|---|---|---|---|---|
| First Majestic Silver (AG.US) | 147.29% | $7.7 billion (USD) | NYSE | 18,096,400 | Buy now |
| Pan American Silver (PAAS.TO) | 101.72% | $26.2 billion (CAD) | Toronto Stock Exchange | 1,034,742 | Buy now |
| Avino Silver-and-Gold Mines (ASM.US) | 433.33% | $877 million (USD) | NYSE MKT | 5,692,400 | Buy now |
| Wheaton Precious Metals (WPM.US) | 76.24% | $50 billion (USD) | NYSE | 1,390,300 | Buy now |
| BHP Group (BHP.US) | 6.48% | $148.8 billion (USD) | NYSE | 1,500,100 | Buy now |
| Freeport-McMoran Copper-and-Gold (FCX.US) | 7.44% | $61.7 billion (USD) | NYSE | 20,208,133 | Buy now |
| Newmont Goldcorp (NEM.US) | 118.34% | $99.7 billion (USD) | NYSE | 6,500,403 | Buy now |
What to look for when investing in silver stock
The silver mining industry is affected by a range of complex factors such as trade policies, regulations, and fluctuating supply and demand. So when considering silver stocks to buy, it's important that you have access to vital information about a company's financial health, leadership team, and market positioning.
Also keep in mind that, while volatility can be ideal for day traders, long-term investors will want to look for stocks to offer steadier gains over time.
How to invest in silver stock
- Research the silver mining industry. Before investing, learn about the silver stock sector, its trends and the companies within it. Look at each company's financial health, potential for growth and past performance to identify stocks that fit your investment goals.
- Choose a stock trading platform. Compare trading fees, access to trading tools and user interface options. We've identified reliable trading platforms to help narrow down your options below or check out the best stock trading apps in Canada to find one that suits your needs.
- Open and fund your account. Sign up with your personal details and link a bank account or funding method to deposit money before you start trading.
- Select the silver stock(s) to buy. Search by company name or ticker symbol, like AG or WPM. Compare key metrics such as market cap, price history and earnings per share to pick the best stock for your strategy.
- Buy the stock and monitor performance. Place your order to buy the stock and track its performance over time. Consider setting alerts, signing up for industry newsletters or using platform research tools to stay up to date on market changes.
Our top picks for where to buy silver stocks
Are silver stocks a good investment?
While it's possible to turn a profit investing in silver stocks, keep in mind that—like any investment—silver stocks are not immune to risk. These stocks are subject to fluctuating conditions both in the market and in the silver mining industry, so carefully vet your picks before you invest.What are the best silver stocks?
A lot of factors go into picking the best silver stocks. Stock performance can be impacted by factors like market conditions, company decisions and global events. Plus, what may be a strong silver stock investment for one person might not be suitable for another.
That said, we rounded up this list of popular silver stocks in or related to the silver mining industry to help narrow down your options:
- First Majestic Silver (AG)
- Pan American Silver (PAAS)
- Avino Silver-and-Gold Mines (ASM)
- Wheaton Precious Metals (WPM)
- BHP Group (BHP)
- Freeport-McMoran Copper-and-Gold (FCX)
- Newmont Goldcorp (NEM)
Keep in mind that this is not a "best" list or a recommendation. It highlights some silver stocks for informational purposes only and does not indicate past or future performance or investment advice. We do not guarantee any investment performance.
We've outlined detailed company and stock performance details for each silver stock below. Keep reading to decide if any of these companies are the right investment for you.
First Majestic Silver (AG)
First Majestic Silver Corp. engages in the acquisition, exploration, development, and production of mineral properties in North America. The company explores for silver and gold deposits.
| Closing stock price | $15.06 |
|---|---|
| Market Capitalization | $7.7 billion |
| Gross profit (TTM) | $466 million |
| Profit margin | 7.08% |
| Revenue (TTM) | $965.6 million |
| Earnings per share (TTM) | $0.14 |
| 52-week stock price range | $5.08 – $16.28 |
Pan American Silver (PAAS)
Pan American Silver Corp. engages in the exploration, mine development, extraction, processing, refining, and reclamation of mines in Canada, Mexico, Peru, Bolivia, Argentina, Chile, and Brazil. It explores for silver, gold, zinc, lead, and copper deposits.
| Closing stock price | C$63.34 |
|---|---|
| Market Capitalization | C$26.2 billion |
| Gross profit (TTM) | C$1.5 billion |
| Profit margin | 19.48% |
| Revenue (TTM) | C$3.3 billion |
| Earnings per share (TTM) | C$2.42 |
| 52-week stock price range | C$28.18 – C$64.92 |
Avino Silver-and-Gold Mines (ASM)
Avino Silver & Gold Mines Ltd. , together with its subsidiaries, engages in the acquisition, exploration, and advancement of mineral properties in Mexico. It explores for silver, gold, copper, and base metal deposits.
| Closing stock price | $5.60 |
|---|---|
| Market Capitalization | $877 million |
| Gross profit (TTM) | $42.3 million |
| Profit margin | 24.72% |
| Revenue (TTM) | $86.1 million |
| Earnings per share (TTM) | $0.14 |
| 52-week stock price range | $0.85 – $6.67 |
Wheaton Precious Metals (WPM)
Wheaton Precious Metals Corp. sells precious metals in North America, Europe, Africa, and South America. The company primarily produces and sells gold, silver, palladium, Platinum, and cobalt deposits.
| Closing stock price | $108.09 |
|---|---|
| Market Capitalization | $50 billion |
| Gross profit (TTM) | $1.5 billion |
| Profit margin | 54.72% |
| Revenue (TTM) | $1.8 billion |
| Earnings per share (TTM) | $2.20 |
| 52-week stock price range | $55.06 – $114.18 |
BHP Group (BHP)
BHP Group Limited operates as a resources company in Australia, Europe, China, Japan, India, South Korea, rest of Asia, North America, South America, and internationally. The company operates through Copper, Iron Ore, and Coal segments. It also engages in the mining of copper, uranium, gold, zinc, lead, molybdenum, silver, iron ore, cobalt, and metallurgical and energy coal.
| Closing stock price | $54.73 |
|---|---|
| Market Capitalization | $148.8 billion |
| Gross profit (TTM) | $42.1 billion |
| Profit margin | 17.59% |
| Revenue (TTM) | $51.3 billion |
| Earnings per share (TTM) | $3.55 |
| 52-week stock price range | $38.88 – $58.92 |
Freeport-McMoran Copper-and-Gold (FCX)
Freeport-McMoRan Inc. engages in the mining of mineral properties in North America, South America, and Indonesia. It primarily explores for copper, gold, molybdenum, silver, and other metals.
| Closing stock price | $45.20 |
|---|---|
| Market Capitalization | $61.7 billion |
| Gross profit (TTM) | $10.1 billion |
| Profit margin | 7.97% |
| Revenue (TTM) | $26 billion |
| Earnings per share (TTM) | $1.43 |
| 52-week stock price range | $27.35 – $48.78 |
Newmont Goldcorp (NEM)
Newmont Corporation engages in the production and exploration of gold properties. It also explores for copper, silver, zinc, lead, and other metals. The company has operations and/or assets in the United States, Canada, Mexico, Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, Papua New Guinea, Ecuador, Fiji, and Ghana, and internationally.
| Closing stock price | $89.76 |
|---|---|
| Market Capitalization | $99.7 billion |
| Gross profit (TTM) | $12.8 billion |
| Profit margin | 33.42% |
| Revenue (TTM) | $21.5 billion |
| Earnings per share (TTM) | $6.43 |
| 52-week stock price range | $36.24 – $98.29 |
Compare trading platforms to buy silver stock
Compare special offers, low fees and a wide range of investment options among popular trading platforms in Canada. Note that the dollar amounts in the table below are in CAD.
Finder Score for stock trading platforms
To make comparing even easier we came up with the Finder Score. Trading costs, account fees and features across 10+ stock trading platforms and apps are all weighted and scaled to produce a score out of 10. The higher the score, the better the platform—it's that simple.
Bottom line
If you're considering adding silver stocks to your portfolio, make sure you thoroughly look into any companies before investing to help mitigate risk. We've compiled a list of silver stocks to help narrow down your options. Then choose a legitimate stock trading platform to start investing. After that it comes down to monitoring the silver mining industry to know when to buy, sell or hold.Frequently asked questions about silver stocks
Sources
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