5. Mag Silver (MVG) is engaged in acquisition, exploration, and development of mineral properties in Mexico.
The stock gained around 108% year to -date, while Silver Wheaton (SLW) was the best performer among silver producers with year-to-date gains of 158%.
Among other silver majors, Pan American Silver (PAAS), Coeur d'Alene Mines (CDE), Compania de Minas Buenaventura's (BVN), Hecla Mining (HL), Silver Standard Resources (SSRI), and Endeavour Silver (EXK) gained around 74%, 55%, 46%, 83%, 29%, and 100%, respectively.
Both the analysts covering Mag Silver recommend buying. The stock is expected to gain 32% in 2011 with a consensus 12-month target price of $16.4. Silver Wheaton and Pan American Silver follow Mag Silver, with an upside potential of 9% each.
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