Pan American Silver

Canadian Resource Trio: Ben Graham Value Buys?

Canadian Resource Trio: Ben Graham Value Buys?

Filed under: Newsletters , Barrick Gold (ABX) , Canada , Commodities , Stocks to Buy “The Canadian economy performed much better than the U.S. economy during the past two and a half years,” says J. Royden Ward . The editor of Cabot Benjamin Graham Value Letter explains, “We believe many outstanding buying opportunities still exist and investors should continue to buy undervalued Canadian stocks.” Here, he looks at a trio of Canadian-based resource plays: Barrick Resources ( ABX ), Pan American Silver ( PAAS ), and Teck Resources ‘B’ ( TCK ). Continue reading Canadian Resource Trio: Ben Graham Value Buys? Canadian Resource Trio: Ben Graham Value Buys? originally appeared on BloggingStocks on Wed, 12 Jan 2011 10:30:00 EST. Please see our terms for use of feeds . Permalink  |  Email this  |  Comments

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Dividend Stock Leaders for the Week of Jan.3-7 (WYNN, POT, BAC, FDO, NEM, TGT, more)

Here are some of the biggest dividend stock winners and losers from the week that just ended. Company Fri. Close Weekly % Change Dividend Yield Wynn Resorts ( WYNN ) $118.73 +14.34% 0.84% KB Home ( KBH ) $15.25 +13.05% 1.64% L-3 Communications Holdings Inc. ( LLL ) $78.23 +10.98% 2.05% Moody’s Corporation ( MCO ) $29.29 +10.36% 1.57% D.R. Horton Inc. ( DHI ) $13.02 +9.14% 1.15% Potash Corporation Of Saskatchewan Inc. ( POT ) $166.92 +7.81% 0.24% Bank of America Corporation ( BAC ) $14.25 +6.82% 0.28% Newmont Mining Corporation (holding Company) ( NEM ) $56.89 -7.39% 1.02% Barrick Gold Corporation ( ABX ) $49.10 -7.67% 0.98% Macy’s ( M ) $23.31 -7.87% 0.86% Agnico-Eagle Mines ( AEM ) $70.43 -8.17% 0.91% Target Corporation ( TGT ) $55.05 -8.45% 1.82% AngloGold Ashanti Ltd. ( AU ) $44.82 -8.96% 0.33% Guess? Inc. ( GES ) $42.67 -9.83% 1.87% Pan American Silver Corp. ( PAAS ) $36.79 -10.73% 0.27% Family Dollar Stores Inc. ( FDO ) $43.90 -11.69% 1.41% Be sure to visit our complete recommended list of the Best Dividend Stocks , as well as a detailed explanation of our ratings system here .

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Pan American Silver (Nasdaq:PAAS) Upgraded by Credit Suisse (NYSE:CS)

Pan American Silver (Nasdaq:PAAS) was upgraded by Credit Suisse (NYSE:CS), as the metal continues to be one of the hotter commodities, although overshadowed by gold because of the enormous record prices it has been trading at. Credit Suisse upgraded the from “Neutral” to “Outperform.” The ratio between silver and gold has been steadily moving back to historical proportions, giving investors

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Iamgold (NYSE:IAG), Barrick (NYSE:ABX), Newmont (NYSE:NEM) Price Targets Increased by UBS AG (NYSE:UBS)

In a nod to mining companies in general, and gold miners in particular, UBS AG (NYSE:UBS) increased their price targets on a number of miners today, including Iamgold (NYSE:IAG), Barrick Gold (NYSE:ABX), Newmont Mining (NYSE:NEM).They lifted their target on Barrick from $53.50 to $57.50, and on Iamgold from $21.50 to $23.00.Other miners having their price targets increased were Eldorado Gold (

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How Commodity Charts Are Reacting, or Not, to China Currency News

News that China will re-value its yuan currency is viewed positively, of course, by world markets as it lowers inflation risk and exudes confidence about China’s growth picture. After an initial higher opening on Monday, what can be expected? The daily chart on the Shanghai is hardly a bullish chart, and in fact went down 3% on Friday. Does the news now invalidate this chart? I don’t know, but to even begin to look exciting, the index has to take out 2600, or 3 1/2% from Friday’s close at 2514, and then faces stiff resistance at around 2800. The S&P 500, meanwhile, needs to get through its 50% Fibonacci retracement of the April-June decline, which comes in at 1130, and then take out its 50-day moving average at 1139-40, or 2% from Friday’s close. If it runs out of gas at the 50% Fib retracement, then it might well test the 200-day moving average at 1110. One thing for sure is that if the Chinese situation is the bellwether of a start of a new up-cycle in the global economy, or the renewal of an up-cycle, then commodities will have to move. So, let’s take a look at the commodities. Copper and Gold Looking first at the copper situation, the iPath DJ-UBS Copper TR Sub-Idx ETN (JJC) appears to have a very big distribution top pattern with the resistance level at around 38.56 upwards to about the 42.83-43 zone. If the market is supposed to be a discounting mechanism, then it would seem as though copper would have made a move near the 40.16-40.86 area. Instead, copper had a very tough Wednesday, Thursday, and Friday of last week, and seems to be struggling. In addition, it’s below its relative moving averages, and in fact, those who watch the 200- and 50-day interaction are seeing a kind of death-cross happening, where the 50-day is about to cross under the 200-day, which is a very tricky situation. It seems as though copper, as a discounting mechanism, did not see the Chinese situation coming or it would have been prepared, since the Chinese would have been buying up copper before they made the announcement. Copper needs to show some sign that global supply/demand and global growth is improving, and right now that’s not what the chart is showing. Freeport-McMoRan Copper & Gold Inc. (FCX) shows a very similar picture. In the last couple weeks FCX has pretty much struggled because it’s seen as a copper producer in a sluggish US and global economic environment. To get any traction on the upside, Freeport will have to take out 71.50, or 8 1/2% above where it closed…

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Pan American Silver (NASDAQ:PAAS) Finalizes "Minera Chinalco" Rights

Pan American Silver (NASDAQ:PAAS) (TSE:PAA) announced they’ve come to an agreement concerning the Morococha mine project in Peru in relationship to surface rights over the long haul, with Minera Chinalco Peru.The deal will involve Pan American relocating its core facilities now at Morococha and transferring some access rights and mineral concessions to Minera Chinalco over a five-year period.Pan

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The Best Silver Stocks

The Best Silver Stocks

An unprecedented crisis in the silver market could easily hand you a long series of double… triple… even quadruple investment gains. Here’s how… You probably already know that every commodity fortune ever made was created by an imbalance of supply and demand. When the demand for a certain commodity is high and supplies are low, prices skyrocket. And investors holding the commodity in question get rich. This is exactly what has happened in the case of many natural resources just in the past decade alone: Crude oil shot up 620% in 6 years Gold is now up over 380% since 2001 Natural gas soared more than 550% in 4 years Uranium spiked 830% in 4 years Copper increased nearly 530% in 7 years Palladium more than tripled in 3 years Platinum prices grew 430% in 6 years As demand grew and supplies dwindled, the prices for these natural resources ballooned in value. But none of these commodities experienced the supply/demand crisis that silver is currently facing. Take a moment to chew on this… According to GFMS Limited — the world’s leading authority on precious metals markets — the total amount of above-ground silver supplies dropped by 86% last year. This left the world with just about 20 million ounces of silver reserves. At the same time, the world demands about 2.5 million ounces of silver per day. That means the entire global supply of above-ground silver could be completely wiped out in just eight days! Fortunately, silver production companies have been able to keep up with demand — but just barely… Last year, silver miners were only able to increase production by just over 3%. And for the past 10 years, there has been no surplus in silver supplies. This extremely tight supply/demand dynamic of the silver market has been terrific for investors that own the physical metal. Silver prices have increased nearly 350% since 2002. But shareholders of the companies that pull the silver out of the ground have done even better. Here are three recent… Silver stocks beating the markets Silver Wheaton Corp. (NYSE: SLW) Silver Wheaton is the largest precious metals streaming company in the world. The company has thirteen long-term silver purchase agreements and two long-term precious metal purchase agreements. These agreements allow the company to purchase all or a portion of the silver production at a low fixed cost from high-quality mines located in Mexico, the United States, Greece, Sweden, Peru, Chile, Argentina, and Portugal. For 2010, Silver Wheaton expects to produce 22.2 million ounces of silver and 20,000 ounces of gold, for a total production of 23.5 million ounces of silver-equivalent. By 2013, annual production is expected to increase significantly to 38 million ounces of silver and 59,000 ounces of gold, for total production of over 40 million silver-equivalent ounces. Pan American Silver Corp. (NASDAQ: PAAS) Pan American Silver is the second largest primary silver producer in the world. The company owns and operates eight silver mines and four development projects in Peru, Mexico, Bolivia, and Argentina. Pan American’s growth strategy …

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Commodity Charts Point to Market Vulnerability

This week we look at commodities charts, which indicate there may be some concerns regarding future global economic growth. Precious metals gold and silver, as safe havens in uncertain market environments, have constructive-looking charts, while industrial metals such as copper, steel, and aluminum, as well as oil and the materials sector, look vulnerable, suggesting a problem in terms of buyers and demand. Starting with gold and the Market Vectors Gold Miners ETF (GDX), the daily chart going back to October 2008 shows a series of higher lows and higher highs, with the GDX last week trying to get back up to the December 2 prior high of 55.40. As it’s approaching that level all the relevant moving averages and the stair-step ascension of the chart look very constructive. The weekly chart shows that the GDX is bumping up against some very serious resistance. There’s a lot of accumulation in the area between early ’08 and now, which could blow the GDX through the topside of the chart at 56.80-90, and if it really takes off, maybe even reach as high as 62 or 63. Newmont Mining Corp. (NEM), one of the components of the GDX, which is in the MPTrader portfolio, actually looks better than the GDX. Why? Because NEM made a new high last week above the Dec high, whereas the GDX itself has not. On the weekly chart NEM broke the high that goes way back to Jan ’08 at 57.55, an enormous breakout that’s probably going to retest 62 1/2, if not higher, possibly the low 70s. Another component of the GDX is the Barrick Gold Corporation (ABX), which looks pretty good though a lot like the GDX itself. ABX is pushing its Dec high, and looks like after the consolidation it had it should retest and take out the Dec high. Its weekly chart shows it’s bumping up against some resistance, and if it takes out last week’s high at 47 1/4 or so, it should take out the Nov-Dec high at 48, and then it’s off to the races for ABX. So, those are two components of the GDX that look relatively constructive, and in the case of NEM very constructive. Moving from the gold side of commodities to silver, the iShares Silver Trust (SLV) last week made a new high above its Dec high, consolidating at around 19, and still looks pretty good. (The SLV is not a silver mining index, but that index, the SIL, does not have a lot of data on it, so we’ll use the SLV.) The weekly chart shows how much upside the SLV can generate off a huge accumulation pattern. It’s probably going to take off and move above 20, a break above which could send silver rocketing. Pan American Silver Corp. (PAAS), one of the silver components, looks very powerful as well, largely because it took out its prior high from Dec at 27.31 late last week, consolidated, pulled back on Friday, but managed to close relatively strong. It looks as though it may have had a completed pullback already and is ready to take off again. The weekly chart looks pretty exciting, with the channel pointing up roughly to 30-32. If silver takes off, Pan Am Silver could go right with it, and I would not be surprised to see this go up to 10-15 percent from where it is right now in a very short period of time. Silver Wheaton Corp. (SLW), another component of SLV, also has a very powerful, constructive chart. The area between 13 and 19 appear to represent an accumulation and huge base, with the stock probably …

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Eye on PAAS and Silver

Filed in Gold, Gold Bullion prices, Pan American Silver, silver by on May 13, 2010 0 Comments
Eye on PAAS and Silver

Pan American Silver Corp. (Nasdaq: PAAS) has hurdled its December high at 27.31 on the monthly chart, at the same time that spot silver has broken above its long-term resistance line (from 1980) at 19.46. If silver prices accelerate to the upside, PAAS should benefit and climb towards 35.00, again on a big-picture, monthly chart basis. On an intraday chart, PAAS remains above its near-term support plateau, although the gold sector appears to be taking a bit of a breather as it breaks two-day support.

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Silver and Copper Miners ETF Launches

Two new index-based commodity ETFs have been launched in New York by Global X Funds. Global X, a New York-based provider of Exchange Traded Funds, launched the Global X Silver Miners ETF (NYSE: SIL) and Global X Copper Miners ETF (NYSE: COPX). The Global X Silver Miners ETF is the only ETF in the world that targets silver mining companies. It tracks the Solactive Global Silver Miners Index, comprised of the largest and most liquid silver mining companies in the world. The majority of holdings are Canadian based companies but also include companies based in the US, Mexico, Peru, and Russia. As of March 31, 2010, the largest index components were Fresnillo, Industrias Penoles, Silver Wheaton, and Pan American Silver. The Global X Copper Miners ETF tracks the Solactive Global Copper Miners Index, comprised of the largest and most liquid copper mining companies in the world. COPX components are based in Canada, Australia, UK, US, Mexico, China, Poland, Switzerland, and South Africa. As of March 31, 2010, the largest index components were Freeport-McMoran, Xstrata, Grupo Mexico, and Southern Copper. “SIL and COPX provide investors with efficient and targeted exposure to silver and copper mining companies, respectively. Both metals are essential for the global economy and may see growing demand as the economic recovery continues,” said Bruno del Ama, CEO of Global X Funds. Luke Burgess Editor, Wealth Daily Silver and Copper Miners ETF Launches originally appeared in Wealth Daily . Wealth Daily is a free daily newsletter featuring contrarian investment insights and commentary.

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Pan American Silver (TSE:PAA) Production Update

Pan American Silver (TSE:PAA) released an update of its silver and gold production for the latest quarter, Gold production increased to 27,896 ounces, a nice 34 percent rise over the same quarter last year. Silver production surged to 5.5 million ounces, an increase of 13 percent over the same quarter in 2009. So far for the year, silver production is about 3 percent behind estimates for 2010

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