Connect with us

Economics

3 Silver Penny Stocks to Consider Adding to Your Portfolio Right Now

Silver prices continue to push the $18 mark and could head higher still, shining the spotlight on silver penny stocks with major upside potential. Although…

Published

on

Silver prices continue to push the $18 mark and could head higher still, shining the spotlight on silver penny stocks with major upside potential.

Although silver failed to settle above $18.50 this week, the white metal is finding support at $17.50 and is expected to remain elevated in the coming months. According to CIBC analysts, silver will average around $18 an ounce this year and $19 in 2021, while Degussa Goldhandel is suggesting silver price could go as high as $22 in 2020.

Investor interest in silver is already heating up. Last year, investor demand climbed 12% to 186.1 million ounces, its highest jump since 2015, and silver exchange-traded funds (ETFs) boosted their holdings by 13% to 728.9 million ounces, the most significant annual growth since 2010.

If you don’t have any silver in your portfolio, don’t worry, there are plenty of shiny silver penny stocks to choose from that could offer plenty of upside. The following small-cap silver stocks, which are all under $5, are working in Mexico, the most prolific silver mining regions in the world.

Shiny Silver Penny Stocks: Fortuna Silver Mines (TSX:FVI) (NYSE:FSM)

First on the list of shiny silver penny stocks to buy is Fortuna Silver Mines, a precious metals mining company operating two low-cost underground mines in Peru and Mexico and developing a fully permitted gold project in Argentina.

Despite posting a loss in its Q1 2020 results due to pandemic-related shutdowns, the company still ended the quarter with $88.5 million cash and cash equivalents. Fortuna Silver resumed production at its San Jose mine on May 26 at a capacity of 3,000 tonnes per day, and both analysts and investors have their eye on the company.

PI Financial upgraded its rating to “BUY” on May 31 and offered Fortuna Silver Mines a 12-month price target of $6.80, while BMO Capital Partners gave the company an “Outperform” rating and a $7.50 price target.

At the same time, a number of institutional investors and hedge fund managers have been increasing their positions in the company. Cambridge Investment Research Advisors Inc. boosted its stake in Fortuna Silver Mines by 29.1% during Q4 2019 and now owns 22,485 shares of the company’s stock after acquiring an additional 5,075 shares in the last quarter. Credit Suisse AG boosted its stake in Fortuna Silver Mines by 5.0% during Q4, while Profund Advisors LLC boosted its stake in Fortuna by 19.1%.

On Friday, FSM stock was down 0.81% to $4.89, but the stock is still up over 20% since the beginning of the year.

Shiny Silver Penny Stocks: Endeavour Silver Corp. (TSX:EDR) (NYSE:EXK)

Next on the list of shiny silver penny stocks to buy is Endeavour Silver Corp., a mid-tier precious metals mining company that owns and operates three high-grade, underground, silver-gold mines in Mexico. The company is also advancing the Terronera Mine project towards a development decision and exploring its portfolio of exploration and development projects in Chile and Mexico with the goal of becoming a premier senior silver producer.

>> Top Low Float Stocks Under $5 This Week

Like Fortuna, Endeavour Silver experienced a minor setback earlier in the year due to forced shutdowns at Mexico mines, but the company has since restarted operations and is ready to capitalize on rising gold prices.

On June 2, Endeavour announced that exploration drilling through Q1 intersected new high-grade gold-silver mineralization in the Santa Cruz vein on the El Curso property at the Guanacevi mine in Mexico, with 12 of 18 holes hitting high grades over minable widths.

“Last year at Guanacevi, we were successful in outlining new resources on the El Curso property, and we commenced mining there in late Q3 2019,” said Endeavour Silver director and CEO Brandford Cooke. “This year, we continue to discover new resources in the Santa Cruz vein on El Curso which should add to our mine life at Guanacevi.”

On Thursday, EXK stock was down 0.45% at $2.23 and is down 7.46% since the beginning of the year, but analysts see the stock going higher. HC Wainwright has offered the company a “BUY” rating and a 12-month price target of $3, which suggests a potential upside of 34.52% from its current price.

Endeavour Silver Corp. has a market cap of $320.75 million, with 143,838,000 shares issued.

Shiny Silver Penny Stocks: Kootenay Silver Inc. (TSXV:KTN)

silver penny stocks

Last, but definitely not least on the list of shiny silver penny stocks to buy is Kootenay Silver, a silver exploration company actively engaged in the discovery and development of mineral projects in Mexico and in British Columbia, Canada.

Like its Mexico-based peers, Kootenay Silver was forced to temporarily suspend operations and has returned with a bang.

Since reopening, the company has released promising assay results from its Copalito silver-gold project, which included 22 meters averaging 106 grams per ton (g/t) silver including 244 g/t silver and 1.09 g/t gold over 3.0 meters including 286 g/t silver over 1.0 meters and 360 g/t silver and 0.1 g/t gold over 1.0 meters within 250 g/t silver and 0.247 g/t gold over 5.0 meters.

A week later, the company announced assay results from an additional four holes at the Columba, which included 2,010 g/t silver over 1.0 meter within 762 g/t silver over 2.8 meters and 865 g/t over 2 meters within 317 g/t over 6 meters.

Apart from its ongoing drilling success, Kootenay Silver has also attracted a number of big-name investors, including gold market guru Eric Sprott, who fully subscribed to the company’s $5 million private placement in August 2019.

KTN stock was down 1.35% on Friday at C$0.36 and is up nearly 10% since the beginning of 2020. An analyst at Fundamental Research has given the company a “BUY” rating and a 12-month price target of C$0.57, while Mackie has offered a “Speculative BUY” rating and expects the stock to C$0.55.

Takeaway

The silver market is on fire right now, and silver prices are expected to stay elevated as more demand comes into the market. The silver supply squeeze, due to depleting reserves and temporary shutdowns, paired with the growing demand, is creating a winning combo for silver, and now is absolutely the perfect time to get in.

If you don’t already own silver, these three silver penny stocks are a great place to start. If you want to check out other potential winners, here are a few other silver stocks that have caught our eye.

Are there any silver penny stocks on your radar lately? Let us know in the comments!

>> Read More Penny Stock News

>> Read More Mining News

Featured Image: Depositphotos ©TunedIn61

Please See Disclaimer

Read More

Continue Reading

Economics

CED Releases Report on Using Census Bureau Data to Boost Child Care & Employment

CED Releases Report on Using Census Bureau Data to Boost Child Care & Employment
PR Newswire
NEW YORK, June 28, 2022

NEW YORK, June 28, 2022 /PRNewswire/ — Today, CED released the fourth and final installment of its unique 2022 series that ana…

Published

on

CED Releases Report on Using Census Bureau Data to Boost Child Care & Employment

PR Newswire

NEW YORK, June 28, 2022 /PRNewswire/ -- Today, CED released the fourth and final installment of its unique 2022 series that analyzes the role of paid child care in the economy—including its impact on labor force participation. The new report serves not only as a road map for researchers to build on CED's findings. The report is also useful to policymakers as they consider key questions related to the use of paid child care—especially for women—and its connection to the workforce and economic growth.

Specifically, the new report details how researchers can effectively leverage the underlying data from the Census Bureau's Current Population Survey (CPS), which CED used as the basis for its report series about paid child care. As detailed in the primer, the CPS is a monthly survey of US households jointly sponsored by the Census Bureau and the Bureau of Labor Statistics. As part of its Annual Social and Economic Supplement (ASEC), the survey includes questions about the use of paid child care since 2001 and about such expenditures since 2010.

"Our work uncovered several groundbreaking insights, including that boosting women's labor force participation by one percent—which more paid child care could help achieve—would generate nearly $73 billion of additional income for women," said Dr. Lori Esposito Murray, President of CED. "CED's series examines data more extensively and over a long a time period than any previous work. This fourth and latest report provides a foundation for the research community to discover additional insights, which will help inform public policies that generate more prosperity for the nation's families and the economy more broadly."

The report, The Economic Role of Paid Child Care in the U.S., Part 4: Child Care Data in the Current Population Survey, a Primer, covers five key aspects of the CPS data:

  • The design of the CPS and its Annual Social and Economic Supplement;
  • What specific data the survey captures;
  • The sources from which that data comes;
  • Best practices for using the data; and
  • Likely technical issues which come with the data and how to handle them

The series is the first deep analysis of paid child care usage mined from the CPS data. Findings highlighted from the first three installments in the series include:

  • A high price tag: In 2020, the average income of families using paid child care was $149,926.
  • COVID-19's impact on participation: From 2019 to 2020, children in paid child care dropped by nearly 20 percent.
  • The primary drivers of paid child care usage are labor force attachment, household income, and educational attainment.
  • Despite declining labor force attachment across all genders, men participate in the labor force at a higher rate than women.
  • Paid child care usage is directly impacted by maternal labor force participation trends.
  • A one percent increase in the labor force participation of women ages 18-54 would produce multiple economic benefits, including an additional income of approximately $73 billion.
  • Short-term changes in paid child care correspond with three key factors: labor force participation, actual hiring of mothers, and increased income.
  • Long-term changes in paid child care correspond with three different key factors: maternal labor force, real income, and the overall total of the male and female labor force.

The prior three reports as part of this series focus on 1) the link between paid child care and income; 2) the link between child care access and mothers' workforce participation; and 3) the economic benefits of increasing women's participation in the labor force. More information on the series, which was produced with funding from the W.K. Kellogg Foundation, can be found here.

About CED

The Committee for Economic Development (CED) is the public policy center of The Conference Board. The nonprofit, nonpartisan, business-led organization delivers well-researched analysis and reasoned solutions in the nation's interest. CED Trustees are chief executive officers and key executives of leading US companies who bring their unique experience to address today's pressing policy issues. Collectively they represent 30+ industries, over a trillion dollars in revenue, and over 4 million employees. www.ced.org 

About The Conference Board

The Conference Board is the member-driven think tank that delivers trusted insights for what's ahead. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/ced-releases-report-on-using-census-bureau-data-to-boost-child-care--employment-301576752.html

SOURCE Committee for Economic Development of The Conference Board (CED)

Read More

Continue Reading

Economics

Copado’s Third Annual State of Salesforce DevOps Report Finds Teams Recovered from Last Year’s Dip in Quality but Struggle to Maintain Speed

Copado’s Third Annual State of Salesforce DevOps Report Finds Teams Recovered from Last Year’s Dip in Quality but Struggle to Maintain Speed
PR Newswire
CHICAGO, June 28, 2022

The longest running Salesforce DevOps report shows teams rebounding to p…

Published

on

Copado's Third Annual State of Salesforce DevOps Report Finds Teams Recovered from Last Year's Dip in Quality but Struggle to Maintain Speed

PR Newswire

The longest running Salesforce DevOps report shows teams rebounding to pre-pandemic levels for change fail rate and time to recover 

Research shows how high-performing teams use commercial low-code DevOps tools to release more often, recover faster and achieve business value

CHICAGO, June 28, 2022 /PRNewswire/ --  Copado, the global leader in low-code DevOps, today released the findings from its third annual "State of Salesforce DevOps" report, which collects data and insights on the key trends in low-code software delivery. Based on thousands of data points collected from over 450 global Salesforce customers using DevOps to accelerate and improve the speed and quality of their implementations, the report highlights the improvement in quality, examines the possible causes of the decline in velocity, identifies the qualities of the teams that are thriving, and makes recommendations on how teams can maximize their development resources.

Adopting key principles from DORA, the report analyzed performance across Salesforce teams in terms of the dual goals of innovation velocity and release quality and security. Using the four metrics of lead time for change, deployment frequency, change failure rate and mean time to recovery, the report categorized respondents into four performance profiles that can be used to identify and measure the characteristics of both high and low performance.

Key takeaways from the Copado 2022 State of Salesforce DevOps report include:

Quality-first DevOps is increasing

The 2021 report found a significant reduction in quality and stability as evidenced by increased change failure rate and mean time to recover. Copado attributed that to the 2020 COVID pandemic and the ensuing disruption to team workflows. In 2022, that trend seems to have reversed, with stability returning to the 2019 levels.

Teams showed 8x shorter time to restore (96 hours in 2021 compared to 12 hours in 2022) and reported 50% lower change fail rate (38% in 2021 compared to 20% in 2022). In 2022, the change failure rates and recovery times were roughly the same as in 2019.

Salesforce teams tapped the brakes in 2022

Teams may have overcompensated for stability over the last year by reducing their velocity. This year's report shows a reduction in deployment frequency which dropped by half compared to the two previous years, from 475 per year to 230 per year on average. Elite performers continue to release faster with an average lead time of 8 days, compared to 50 days for low performers. Since 2019 the percentage of teams with lead times less than a week has declined from 69% to 49% and the number of users able to deploy on demand has shrunk from 23% to 10%.

Overall, compared to low performers, elite performers have:

  • 4x shorter lead times
  • 46x more deployments, 94% of elite performers release at least weekly vs. only 13% of low performers
  • 5x fewer production failures
  • 8x faster time to recover, less than four hours for elite performers and more than 18 days for low performers

"The last three years of research has taught us a lot about the challenges that Salesforce teams face and where they excel," said Andrew Davis, senior director of research and innovation at Copado. "Last year, the report showed the impact of a global pandemic and shift to remote work on the ability to ensure quality and stability. This year we've seen quality and stability trends bounce back. This points to the resilience and commitment of the community of Salesforce developers, admins, and business users who find a way. We've reached a point in time where the level of customization that can be built into the Salesforce platform makes it necessary to adopt DevOps tools and practices to manage software delivery well."

Salesforce teams continue to grow in size and complexity
For the second year in a row, Copado found that Salesforce teams are growing. This year, 46% of respondents report that their teams have grown, 41% have remained steady and just 13% report their team decreased in size. The continued growth in the size of development teams means a continued increase in the complexity of the Salesforce orgs they are building.

For the third year in a row, Copado found a strong correlation between team size and lead time. This year, there was also a correlation between team size and change failure rate and time to recover. All of these metrics worsened as teams grew in size.

Traditional use cases for low-code application development have been largely for internal business applications with limited business impact. In 2022, 72% of respondents use Salesforce for building internal applications, but now 60% are using the platform to build business-critical apps, and 66% are using the platform to build customer-facing apps, while 37% are building all three types. A much more rigorous release process should be applied to customer-facing and business-critical applications than needs to be applied to internal business apps. It should also be noted that these types of apps are usually much more sophisticated than internal apps.

Performance improves with commercial low-code DevOps tools
Low-code application development on Salesforce is the fastest way to translate ideas into innovation, but without enterprise software delivery capabilities in place, the power of low-code is undone by quality issues, manual processes and orchestration challenges. The report found that teams using DevOps tools designed specifically for Salesforce release 50% more frequently than teams using build-your-own platforms like Jenkins.

Copado also found that those who are highly involved in Enterprise Agile Planning (74% of respondents) and also use a commercial Salesforce tool for DevOps are 39% more likely to work at a company that is exceeding its goals. Given the current economic environment and growing importance of proving ROI and value realization for technology investments, teams that are investing in process improvements are better able to ensure that they're getting the greatest benefit.

Change failure rates can be reduced with automated testing
Teams need to shift to faster, more automated ways of ensuring quality. Automated testing of Salesforce applications is an opportunity area now that the Salesforce platform is used more often for external customer-facing and business-critical applications. Yet if there is any testing in the development process, manual testing is the most common method. One-third of Salesforce development teams use manual testing, 29% have minimal to no testing and 21% automate critical tests, while only 19% are practicing test-driven development.

The full report with a forward written by Peter Coffee, vice president of strategic research for Salesforce, can be found at: https://www.copado.com/devops-hub/ebooks/2022-state-of-salesforce-devops-report

Methodology
Copado surveyed over 450 executives, managers, and members of Salesforce delivery teams to learn about their development lifecycles. Conducted in April 2022, the survey included companies ranging in size from one employee to more than 1 million employees. Sixty percent of these companies have more than 500 Salesforce users. The goal was to better understand the challenges of innovating on the Salesforce platform. The analysis was done on the Tableau Analytics platform including data visualization, cross tab analysis, and core BI. 

Salesforce and others are among the trademarks of salesforce.com, inc.

Follow Copado

LinkedIn: https://www.linkedin.com/company/copado-solutions-s.l/

Twitter: https://twitter.com/CopadoSolutions

Blog: https://www.copado.com/learning/blog/

About Copado
Copado is the leading DevOps and testing solution for low-code SaaS platforms that run the world's largest digital transformations. Backed by Insight Partners, Salesforce Ventures and SoftBank Vision Fund, Copado accelerates multi-cloud, enterprise deployments by automating the end-to-end software delivery process to maximize customers' return on their cloud investment. More than 1,000 companies rely on Copado to drive digital transformation with speed, quality and value including Boston Scientific, Coca-Cola, Fair Trade, Linde, MassMutual, Schneider Electric and Shell. Copado DevOps 360™ processes over 50 million DevOps transactions per month and is rated with a 100% score on the Salesforce AppExchange. More information can be found at: http://www.copado.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/copados-third-annual-state-of-salesforce-devops-report-finds-teams-recovered-from-last-years-dip-in-quality-but-struggle-to-maintain-speed-301576570.html

SOURCE Copado

Read More

Continue Reading

Government

China Stocks Outperform On Unexpected COVID Shift

China Stocks Outperform On Unexpected COVID Shift

Update (0920ET): China’s move to ease quarantine rules for inbound travelers from three…

Published

on

China Stocks Outperform On Unexpected COVID Shift

Update (0920ET): China's move to ease quarantine rules for inbound travelers from three weeks to just one week has bolstered sentiment for Chinese equities. 

Bullish calls are rising on Chinese stocks as the CSI 300 Index inches near a bull market. 

Fred Hu, the founder of China-based investment firm Primavera Capital Group, told Bloomberg that he believes Chinese tech firms have turned the corner after a $2 trillion rout sparked by Beijing's yearslong technology crackdown. 

NASDAQ Golden Dragon China Index plunged more than 76% since its peak in early 2021, coinciding with Beijing's crackdown start. The index hit a low in March and has since bounced 67% -- because the crackdown fears show signs of softening. 

Hu believes "this could be the beginning of a new era for China tech ... There's a lot of value to be discovered," adding that investors still need to be selective in picking stocks. 

Adding to support is the People's Bank of China's accommodative monetary policy, which is the opposite of global central banks that aggressively tighten interest rates to prevent the surge in inflation from turning into dreaded 1970s-style stagflation. Today's quarantine reduction news, tech crackdown abating, and PBOC easing have produced a more optimistic outlook for Chinese stocks. 

However, a lingering threat of a US slowdown could be problematic for all investors. 

Lorraine Tan, director of equity research at Morningstar, told Bloomberg TV: "Even if we do get some China recovery in 2023, which could be a buffer for this region, it's not going to offset the US or global recession."

* * *

China unexpectedly slashed quarantine times for international travelers, to just one week, which suggests Beijing is easing COVID zero policies. The nationwide relaxation of pandemic restrictions led investors to buy Chinese stocks.

Inbound travelers will only quarantine for ten days, down from three weeks, which shows local authorities are easing draconian curbs on travel and economic activity as they worry about slumping economic growth sparked by restrictive COVID zero policies earlier this year that locked down Beijing and Shanghai for months (Shanghai finally lifted its lockdown measures on May 31). 

"This relaxation sends the signal that the economy comes first ... It is a sign of importance of the economy at this point," Li Changmin, Managing Director at Snowball Wealth in Guangzhou, told Bloomberg

At the peak of the COVID outbreak, many residents in China's largest city, Shanghai, were quarantined in their homes for two months, while international travelers were under "hard quarantines" for three weeks. The strict curbs appear to have suppressed the outbreak, but the tradeoff came at the cost of faltering economic growth. 

The announcement of the shorter quarantine period suggests a potentially more optimistic outlook for the Chinese economy. Bullish price action lifted CSI 300 Index by 1%, led by tourism-related stocks (LVMH shares rose as much as 2.5%, Richemont +3.1%, Kering +3%, Moncler +3%). 

"The reduction of travel restrictions will be positive for the luxury sector, and may boost consumer sentiment and confidence following months of lockdowns in China's biggest cities," Barclays analysts Carole Madjo wrote in a note. 

CSI 300 is up 19% from April's low, nearing bull market territory. 

Jane Foley, a strategist at Rabobank in London, commented that "this news suggests that perhaps the authorities will not be as stringent with Covid controls as has been expected." 

"The news also coincides with reports that the PBOC is pledging to keep monetary policy supportive," Foley pointed out, referring to Governor Yi Gang's latest comment. 

She said, "this suggests a potentially more optimistic outlook for the Chinese economy, which is good news generally for commodity exporters such as Australia and all of China's trading partners." 

Even though the move is the right step in the right direction, Joerg Wuttke, head of the European Chamber of Commerce in China, said, "the country cannot open its borders completely due to relatively low vaccination rates ... This, in conjunction with a slow introduction of mRNA vaccines, means that China may have to maintain a restricted immigration policy beyond the summer of 2023." 

Alvin Tan, head of Asia currency strategy in Singapore for RBC Markets, also said shortening quarantine time for inbound visitors shouldn't be a gamechanger, and "there's nothing to say that it won't be raised tomorrow." 

Tyler Durden Tue, 06/28/2022 - 09:20

Read More

Continue Reading

Trending