Hecla Mining Company (HL), Pan American Silver Corp. (USA) (PAAS): These Silver Companies Look Attractive

However, opinions remain mixed

Analyst opinions are mixed when debating the outlook for these companies.

Coeur d’Alene Mines Corporation (NYSE:CDE) has seen estimates for its earnings over the next few years actually revised upwards over the past few months even while the price of silver fell.Since the beginning of July alone, the company’s Earnings Per Share (EPS) estimate for this year has been increased 7%, to $0.60 from $0.56. On the other hand, Hecla Mining Company (NYSE:HL) has not been so lucky, the company’s EPS estimates for 2013 have been halved this in the past seven days alone, from $0.08 on on July 3, to $0.04 on July 10. On the other hand, Pan American Silver Corp. (USA) (NASDAQ:PAAS)’s earnings estimates have been kept steady during the past few days but since the beginning of the year, have been revised downwards by 40%.

Foolish Summary

Currently, the outlook for the silver market is mixed.

However, there are signs that deteriorating yields from silver mines, and higher production costs could soon put a floor under the sliver price. These three silver companies may not be big, but they are clever and are using cash strategically, to boost output and earnings now, at a time when many others are struggling after spending all their cash in the good times and not saving for a rainy day.

The article These Silver Companies Look Attractive originally appeared on Fool.com.

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