4 Gold And Silver Mining Stocks To Buy Right Now
The POWR Ratings rate NEM a Buy. It has a “B” for Buy & Hold Grade and Peer Grade. Among 30 gold miners, it’s ranked #3. Year-to-date, NEM has gained 41.71%, versus a 16.35% rise in the benchmark S&P 500 index during the same period.
Endeavour Silver (EXK)
EXK is one of the more volatile silver stocks since it has a high cost of production – $22 per ounce. While this is a liability during bear markets, it gives the stock the most upside when silver prices rise. For example, since November 30, silver has been up 12% while EXK has been up 43%.
The recovery in silver prices over the last year is helping the company go from losing about $0.30 per share to earning a $0.35 per share profit over the next 12 months. This gives it a forward price-to-earnings ratio of 17. About 60% of its revenues come from silver with the other 40% coming from gold. EXK is rated a Buy. It has an “A” for Buy & Hold Grade and Peer Grade with a “B” for Trade Grade. Among 12 silver miners, it’s ranked #4.
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