The spot price of silver was up nearly 1% in early afternoon trading on March 15. A dovish U.S. Federal Reserve has generated solid momentum for precious metals over the past several months. Today, we are going to look at three silver stocks to target as we move into the spring.
Silvercorp Metals (TSX:SVM)(NYSE:SVM) is a Vancouver-based silver miner with major operations in China. The stock was climbed 21% in 2019 so far. It is expected to release its fourth-quarter and full-year results for 2018 in late March.
In the previous quarter, Silvercorp announced that it had boosted sales of silver to 1.7 million ounces, a 13% increase from the prior year. The stock last paid out a semi-annual dividend of $0.0125 per share which represents a 1% yield.
Pan American Silver (TSX:PAAS)(NASDAQ:PAAS) is another Vancouver-based producer. Shares have dropped 14% in 2019 so far. Pan American Silver had a disappointing 2018 as adjusted earnings took a sharp dip.
However, the company still boasts strong cash flow generation and its acquisition of Tahoe Resources should provide a boost going forward.
SSR Mining (TSX:SSRM)(NASDAQ:SSRM) is our third Vancouver-based miner.
The stock has climbed 5% in 2019 so far, but took a significant dip after it announced it was offering $200 million of unsecured convertible senior notes due 2039. Shares have climbed over 45% year-over-year and the stock comes at a better value after its most recent slide.
