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.