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Best Silver Stocks to Buy Now (2024)
Top silver stocks in 2024 ranked by overall Zen Score. See the best silver stocks to buy now, according to analyst forecasts for the silver industry.

Industry: Silver
Ticker
Company
Zen Score
Valuation Score
Financials Score
Forecast Score
Performance Score
Dividends Score
SVM
SILVERCORP METALS INC
42
29
100
0
20
60
MAG
MAG SILVER CORP
41
43
71
0
50
AG
FIRST MAJESTIC SILVER CORP
15
14
43
0
20
0

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Use Zen Score to quickly analyze stock fundamentals, even if you don't have a finance background. We run time-tested due diligence checks inspired by legendary investors like Warren Buffett, and score each company based on how many they pass/fail.

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Silver Stocks FAQ

What are the best silver stocks to buy right now in Mar 2024?

According to Zen Score, the 3 best silver mining stocks to buy right now are:

1. Silvercorp Metals (NYSEMKT:SVM)


Silvercorp Metals (NYSEMKT:SVM) is the top silver stock with a Zen Score of 42, which is 9 points higher than the silver industry average of 33. It passed 14 out of 38 due diligence checks and has strong fundamentals. Silvercorp Metals has seen its stock lose -13.22% over the past year, overperforming other silver stocks by 4 percentage points.

2. Mag Silver (NYSEMKT:MAG)


Mag Silver (NYSEMKT:MAG) is the second best silver stock with a Zen Score of 41, which is 8 points higher than the silver industry average of 33. It passed 13 out of 33 due diligence checks and has strong fundamentals. Mag Silver has seen its stock lose -18.28% over the past year, underperforming other silver stocks by -1 percentage points.

Mag Silver has an average 1 year price target of $18.75, an upside of 89.78% from Mag Silver's current stock price of $9.88.

Mag Silver stock has a consensus Strong Buy recommendation according to Wall Street analysts. Of the 2 analysts covering Mag Silver, 50% have issued a Strong Buy rating, 50% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

3. First Majestic Silver (NYSE:AG)


First Majestic Silver (NYSE:AG) is the third best silver stock with a Zen Score of 15, which is -18 points lower than the silver industry average of 33. It passed 6 out of 38 due diligence checks and has weak fundamentals. First Majestic Silver has seen its stock lose -16.72% over the past year.

First Majestic Silver has an average 1 year price target of $6.75, an upside of 20.97% from First Majestic Silver's current stock price of $5.58.

First Majestic Silver stock has a consensus Buy recommendation according to Wall Street analysts. Of the 1 analyst covering First Majestic Silver, 0% have issued a Strong Buy rating, 100% have issued a Buy, 0% have issued a hold, while 0% have issued a Sell rating, and 0% have issued a Strong Sell.

What are the silver stocks with highest dividends?

Out of 2 silver stocks that have issued dividends in the past year, the 2 silver stocks with the highest dividend yields are:

1. Silvercorp Metals (NYSEMKT:SVM)


Silvercorp Metals (NYSEMKT:SVM) has an annual dividend yield of 0.79%, which is the same as the silver industry average of 0.58%. Silvercorp Metals's dividend payout is stable, having never dropped by more than 10% in the last 10 years. Silvercorp Metals's dividend has shown consistent growth over the last 10 years.

Silvercorp Metals's dividend payout ratio of 14.7% indicates that its dividend yield is sustainable for the long-term.

2. First Majestic Silver (NYSE:AG)


First Majestic Silver (NYSE:AG) has an annual dividend yield of 0.36%, which is the same as the silver industry average of 0.58%.

First Majestic Silver's dividend payout ratio of -4.4% indicates that its dividend yield might not be sustainable for the long-term.

Why are silver stocks up?

Silver stocks were up 7.51% in the last day, and up 2.31% over the last week.

We couldn't find a catalyst for why silver stocks are up.

What are the most undervalued silver stocks?

Based on WallStreetZen's Valuation Score, the 1 most undervalued silver stocks right now are:

1. Mag Silver (NYSEMKT:MAG)


Mag Silver (NYSEMKT:MAG) is the most undervalued silver stock based on WallStreetZen's Valuation Score. Mag Silver has a valuation score of 43, which is 14 points higher than the silver industry average of 29. It passed 3 out of 7 valuation due diligence checks.

Mag Silver's stock has dropped -18.28% in the past year. It has underperformed other stocks in the silver industry by -1 percentage points.

Are silver stocks a good buy now?

50% of silver stocks rated by analysts are a strong buy right now. On average, analysts expect silver stocks to rise by 64.94% over the next year.

What is the average p/e ratio of the silver industry?

The average P/E ratio of the silver industry is 4.12x.
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Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.