Opportunity to Come in Silver Miners; Special Report by Leading Financial Web Site Penny Stock Detectives
Having a 52-week range of $3.70-$8.38, Hecla is offering long-term investors an opportunity to accumulate one of the cheaper silver penny stocks, says Cekerevac
(prHWY.com) August 17, 2012 - New York, NY -- In a recent Penny Stock Detectives article, editor Sasha Cekerevac notes that after the volatile year silver has had and with renewed rumors that the Federal Reserve will initiate additional monetary policy stimulus, the stage has been set for the prices of silver and silver mining companies to resume moving. Cekerevac believes that the move we saw in silver prices from 2010 to 2011 was too far, too fast, and it was due for a pullback. This pullback in silver, he argues, has opened the door for opportunistic, long-term investors in silver mining companies to accumulate more shares at cheap valuations.
"When looking at miners, you want to find companies that have strong management who can grow revenue and production," comments Cekerevac. "Among silver mining companies, Hecla Mining is very interesting."
Having a 52-week range of $3.70-$8.38, Hecla is offering long-term investors an opportunity to accumulate one of the cheaper silver penny stocks, says Cekerevac.
Trading at a forward price-earnings (P/E) ratio of 9.8 and a forward dividend yield of 2.1%, a move up in silver prices will be a huge driver for this firm, claims Cekerevac. Hecla has very low debt at approximately $13.0 million, a large cash pile of $278 million, and a profit margin of 27.8%, he reports. In Cekerevac's opinion, all of these fundamentals are good places to start when looking at silver mining companies, as they show that management is able to effectively run the business. Plus, he adds, investors are paid a dividend to wait, while these silver mining companies dig up the goods
Sometimes, a temporary sell-off can become a great, long-term opportunity, especially in mining companies, and specifically in penny stocks, observes Cekerevac. The stock in late May broke its downtrend, and the stock appears to be setting the stage to move higher, he reports, noting there are still significant headwinds, especially the 200-day moving average. But if silver prices move up, mining companies like Hecla should outperform the overall market, Cekerevac concludes.
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The editors of Penny Stock Detectives believe low-priced stocks, when researched properly, present investors with great opportunities to accumulate wealth and to increase the value of their investment portfolios. You can learn more about Penny Stock Detectives at
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