Sector Alpha Week of 2026-08-04
20-quarter listed-company comparison

Silver Stocks

Silver: Silvercorp Metals Inc. owns the largest revenue base; Aya Gold & Silver Inc. has the fastest current growth.

01 · the industry itself · before any single company

How has Silver moved against S&P 500?

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this industry is 215% ahead of S&P 500. Earnings across its companies fell 85% on average over the last four reported quarters.

ASLEEP · 1y +110.2%Price up, without the fundamentals confirming1 of 6 companies ahead of S&P 500 by 5% or more over three months

RS — · 2/6 >200d (−1) · 1/6 lead (+0) · EPS 4/6↑

20050020262025202420232022 555348 TRAILING 12-MONTH EPS · 100 AT THE START-100080Mar 23Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Mar 2023 · trailing 12-month earnings per share fell 64.7% · 2 reportingJun 2023 · trailing 12-month earnings per share fell 31.2% · 2 reportingSep 2023 · trailing 12-month earnings per share grew 80.0% · 2 reportingDec 2023 · trailing 12-month earnings per share grew 21.4% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 3.3% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 75.0% · 2 reportingSep 2024 · trailing 12-month earnings per share fell 13.2% · 2 reportingDec 2024 · trailing 12-month earnings per share fell 88.9% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 100.0% · 2 reportingJun 2025 · trailing 12-month earnings per share fell 81.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 59.3% · 2 reportingDec 2025 · trailing 12-month earnings per share fell 100.0% · 2 reportingMar 2026 · trailing 12-month earnings per share fell 100.0% · 2 reportingNot reported yet — earnings trail price by a quarter or two-100 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
20050020262025202420232022 555348 TRAILING 12-MONTH EPS · 100 AT THE START-100080Mar 23Mar 24Mar 25Mar 26Mar 2023 · trailing 12-month earnings per share fell 64.7% · 2 reportingJun 2023 · trailing 12-month earnings per share fell 31.2% · 2 reportingSep 2023 · trailing 12-month earnings per share grew 80.0% · 2 reportingDec 2023 · trailing 12-month earnings per share grew 21.4% · 2 reportingMar 2024 · trailing 12-month earnings per share grew 3.3% · 2 reportingJun 2024 · trailing 12-month earnings per share grew 75.0% · 2 reportingSep 2024 · trailing 12-month earnings per share fell 13.2% · 2 reportingDec 2024 · trailing 12-month earnings per share fell 88.9% · 2 reportingMar 2025 · trailing 12-month earnings per share fell 100.0% · 2 reportingJun 2025 · trailing 12-month earnings per share fell 81.8% · 2 reportingSep 2025 · trailing 12-month earnings per share fell 59.3% · 2 reportingDec 2025 · trailing 12-month earnings per share fell 100.0% · 2 reportingMar 2026 · trailing 12-month earnings per share fell 100.0% · 2 reportingNot reported yet — earnings trail price by a quarter or two-100No earnings on file this far back — the price series reaches further than the filings do
Silver, equal-weighted, based at 200 S&P 500, same base, same start trailing 12-month earnings per share rising falling

Both lines start at 200 in the same week, so the distance between them is the whole story: the industry line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the industry taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

02 · sector relative strength, before individual stocks

Is Silver outperforming S&P 500?

Silver has outperformed S&P 500 by 91.1% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 16.8%. 2 of 6 covered companies currently beat the S&P 500 on Mansfield relative strength, so leadership inside the sector is selective. Aya Gold & Silver Inc. is the strongest against the sector itself at +24.5%.

-16.8%Sector vs S&P 500 · 13 weeks
+91.1%Sector vs S&P 500 · 52 weeks
2/6Stocks leading S&P 500
2/6Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: the companies with the most scale are not necessarily the companies creating the most change.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

Silver has outperformed S&P 500 by 91.1% over 52 weeks and 16.8% over 13 weeks. 2 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 6 beat the sector itself. Silvercorp Metals Inc. leads with revenue of $437 million, based on 2 of 8 comparable companies through Mar 2026.

Companies
8
complete canonical membership
Combined market value
$22.1B
First Majestic Silver Corp.
Revenue growing
2/2
positive TTM year-on-year growth
Beating S&P 500
2/6
positive Mansfield relative strength
Comparing 2 of 8
03 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Aya Gold & Silver Inc. has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 60.6% evidence confidence.
New Pacific Metals Corp. has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led S&P 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led S&P 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.

CompanyScorePrice stageGrowth & earnings/35Capital efficiency/25Valuation/20Relative strength/20
1Aya Gold & Silver Inc.AYA 77.0/100Favorable setup61% evidence TURNING 27.5/35 Revenue 100% · PAT — · OPM change 56.4 pp 62% evidence 19.5/25 ROCE 17.4% · OPM 66.2% 76% evidence 10.0/20 P/E 25.5× · PEG — 0% evidence 20.0/20 RS sector 24.5% · RS bench 34% · 1Y 154.7%7 of 12 weeks ahead 100% evidence
Exact sum: 27.5 + 19.5 + 10 + 20 = 77 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence.
2Silvercorp Metals Inc.SVM 56.7/100Mixed-positive evidence71% evidence ASLEEP 24.7/35 Revenue 46.1% · PAT -59% · OPM change 22.5 pp 62% evidence 10.8/25 ROCE 3.1% · OPM 25.6% 76% evidence 15.0/20 P/E 51.8× · PEG 0.72 50% evidence 6.2/20 RS sector -6% · RS bench -0.8% · 1Y 126.4%1 of 12 weeks ahead 100% evidence
Exact sum: 24.7 + 10.8 + 15 + 6.2 = 56.7 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -6% and the one-year return is 126.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth.
3Endeavour Silver Corp.EXK 50.3/100Thin evidence · provisional55% evidence ASLEEP 23.1/35 Revenue — · PAT — · OPM change 33.5 pp 45% evidence 12.7/25 ROCE 7.1% · OPM 40% 76% evidence 10.0/20 P/E 41.4× · PEG — 0% evidence 4.5/20 RS sector -23.4% · RS bench -16.7% · 1Y 53.7%0 of 12 weeks ahead 100% evidence
Exact sum: 23.1 + 12.7 + 10 + 4.5 = 50.3 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
4First Majestic Silver Corp.AG 47.1/100Thin evidence · provisional55% evidence ASLEEP 21.7/35 Revenue — · PAT — · OPM change 35.1 pp 45% evidence 12.6/25 ROCE 4.8% · OPM 49.7% 76% evidence 10.0/20 P/E 23.9× · PEG — 0% evidence 2.8/20 RS sector -18.5% · RS bench -14.1% · 1Y 91.5%0 of 12 weeks ahead 100% evidence
Exact sum: 21.7 + 12.6 + 10 + 2.8 = 47.1 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
5New Pacific Metals Corp.NEWP 46.9/100Thin evidence · provisional47% evidence ASLEEP 14.1/35 Revenue — · PAT — · OPM change — 33% evidence 7.4/25 ROCE -1.1% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 15.4/20 RS sector 22.7% · RS bench 29% · 1Y 221.5%2 of 12 weeks ahead 100% evidence
Exact sum: 14.1 + 7.4 + 10 + 15.4 = 46.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
6Highlander Silver Corp.HSLV 45.0/100Thin evidence · provisional34% evidence ASLEEP 16.9/35 Revenue — · PAT — · OPM change — 4% evidence 11.5/25 ROCE 3.5% · OPM 55.3% 76% evidence 10.0/20 P/E — · PEG — 0% evidence 6.6/20 RS sector -10.4% · RS bench -5.8% · 1Y 83.6%0 of 12 weeks ahead 70% evidence
Exact sum: 16.9 + 11.5 + 10 + 6.6 = 45 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
7Sunshine Silver Mining & Refining CompanySSMR 43.5/100Thin evidence · provisional17% evidence 17.2/35 Revenue — · PAT — · OPM change — 4% evidence 6.3/25 ROCE -51.5% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.2 + 6.3 + 10 + 10 = 43.5 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
8Sinda Ltd.SIND 43.2/100Thin evidence · provisional18% evidence 17.9/35 Revenue — · PAT — · OPM change — 8% evidence 5.3/25 ROCE -51.8% · OPM — 61% evidence 10.0/20 P/E — · PEG — 0% evidence 10.0/20 RS sector — · RS bench — · 1Y — 0% evidence
Exact sum: 17.9 + 5.3 + 10 + 10 = 43.2 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral.
04 · what price has already done

Market action

New Pacific Metals Corp. has the strongest one-year price move in Silver at +221.5%. Aya Gold & Silver Inc. leads on Mansfield relative strength against the S&P 500 at +34%. 2 of 6 covered companies are above zero on that measure. Every line covers 314 weekly closes through 2026-08-04.

Price and relative strength

Every company, the sector's own index and S&P 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

05 · compare level, then change

Revenue Scale & Growth Durability

Silvercorp Metals Inc. has the highest Revenue among the 8 Silver companies compared here, at $437 million. Aya Gold & Silver Inc. is next at $285 million. Aya Gold & Silver Inc. has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Silvercorp Metals Inc. is the scale leader at $437 million, 53.3% ahead of Aya Gold & Silver Inc.. Aya Gold & Silver Inc.'s growth is stored at the ≥100% scoring cap; the uncapped TTM change is 319.1% from a $285 million base, with 19 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderSilvercorp Metals Inc. · $437 million
Gap53.3% versus #2 · Aya Gold & Silver Inc.
Persistence8/8 recent comparable periods
Coverage2/8 companies · 78 observations

Investor read: Silvercorp Metals Inc. is the scale benchmark; Aya Gold & Silver Inc. is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Silvercorp Metals Inc.'s growth falls below Aya Gold & Silver Inc.'s for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
2/8 level · 2/8 change

On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
First Majestic Silver Corp. AG$477M95%Jun 2026
Endeavour Silver Corp. EXK$210M228%Jun 2026
Silvercorp Metals Inc. SVM$147M96%Mar 2026
Aya Gold & Silver Inc. AYA$117M244%Mar 2026
Highlander Silver Corp. HSLV$25MMar 2026
Sunshine Silver Mining & Refining Company SSMR$0MMar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Aya Gold & Silver Inc. · AYA

$8M
$8M
$9M
$9M
$7M
$13M
$10M
$10M
$12M
$11M
$5M
$14M
$11M
$9M
$34M
$39M
$54M
$75M
$117M

Endeavour Silver Corp. · EXK

$35M
$49M
$58M
$31M
$40M
$82M
$55M
$50M
$49M
$50M
$64M
$58M
$53M
$42M
$64M
$89M
$143M
$173M
$210M

First Majestic Silver Corp. · AG

$125M
$205M
$157M
$159M
$160M
$148M
$157M
$147M
$133M
$137M
$106M
$136M
$146M
$172M
$244M
$264M
$285M
$464M
$477M

Highlander Silver Corp. · HSLV

$25M

Silvercorp Metals Inc. · SVM

$58M
$59M
$42M
$64M
$52M
$59M
$34M
$60M
$54M
$59M
$43M
$72M
$68M
$84M
$75M
$81M
$83M
$126M
$147M

Sunshine Silver Mining & Refining Company · SSMR

$0M

Revenue growth · reported quarter history

Aya Gold & Silver Inc. · AYA

-10%
-13%
63%
11%
11%
71%
-15%
-50%
40%
-8.3%
-18%
580%
179%
391%
733%
244%

Endeavour Silver Corp. · EXK

-35%
14%
67%
-5.2%
61%
23%
-39%
16%
16%
8.2%
-16%
0.0%
53%
170%
312%
228%

First Majestic Silver Corp. · AG

3.3%
28%
-28%
0.0%
-7.6%
-17%
-7.4%
-32%
-7.5%
9.8%
26%
130%
94%
95%
170%
95%

Silvercorp Metals Inc. · SVM

8.5%
-10%
0.0%
-19%
-6.3%
3.9%
0.0%
26%
20%
26%
42%
74%
13%
22%
50%
96%
06 · compare level, then change

Operating Economics & Margin Trend

Aya Gold & Silver Inc. has the highest OPM among the 8 Silver companies compared here, at 66.2%. Highlander Silver Corp. is next at 55.3%. The same company also holds the highest Margin change, at +56.4 percentage points. 5 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Aya Gold & Silver Inc. leads both opm at 66.2% and margin change at +56.4 percentage points.

LeaderAya Gold & Silver Inc. · 66.2%
Gap19.7% versus #2 · Highlander Silver Corp.
Persistence6/8 recent comparable periods
Coverage5/8 companies · 77 observations

Investor read: Aya Gold & Silver Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
2Highlander Silver Corp. HSLV55%
Margin changefastest expanders
Operating margin · company comparison
5/8 level · 4/8 change
All-company data · latest reported quarter
CompanyOPMMargin changeReported
Aya Gold & Silver Inc. AYA66%+56.4 ppMar 2026
Highlander Silver Corp. HSLV55%Mar 2026
First Majestic Silver Corp. AG50%+35.1 ppJun 2026
Endeavour Silver Corp. EXK40%+33.5 ppJun 2026
Silvercorp Metals Inc. SVM26%+22.5 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Aya Gold & Silver Inc. · AYA

13%
5.1%
2.7%
5.9%
-19%
22%
0.8%
-0.4%
31%
13%
-57%
12%
-28%
-369%
9.8%
19%
28%
48%
66%

Endeavour Silver Corp. · EXK

8.8%
8.4%
22%
-4.4%
-3.3%
17%
13%
11%
-7.7%
0.4%
5.2%
2.9%
7.1%
-1.2%
6.5%
-5.4%
1.3%
20%
40%

First Majestic Silver Corp. · AG

-8.8%
14%
-1.6%
2.1%
-9.6%
-17%
-92%
-13%
-14%
1.8%
-18%
-11%
2.8%
15%
15%
15%
28%
52%
50%

Highlander Silver Corp. · HSLV

55%

Silvercorp Metals Inc. · SVM

29%
33%
14%
31%
-14%
29%
13%
30%
31%
30%
26%
47%
41%
47%
3.1%
38%
4.8%
7.6%
26%

Margin change · reported quarter history

Aya Gold & Silver Inc. · AYA

−14.3 pp
−31.4 pp
+16.8 pp
−1.9 pp
−6.3 pp
+49.7 pp
−9.3 pp
−57.3 pp
+12.5 pp
−59.0 pp
−381.8 pp
+66.3 pp
+6.9 pp
+55.7 pp
+417.5 pp
+56.4 pp

Endeavour Silver Corp. · EXK

−6.1 pp
−12.1 pp
+8.1 pp
−9.3 pp
+15.2 pp
−4.4 pp
−16.1 pp
−7.3 pp
−7.9 pp
+14.8 pp
−1.6 pp
+1.3 pp
−8.3 pp
−5.8 pp
+21.3 pp
+33.5 pp

First Majestic Silver Corp. · AG

−8.5 pp
−0.8 pp
−30.6 pp
−90.3 pp
−15.0 pp
−4.0 pp
+18.6 pp
+73.7 pp
+2.4 pp
+16.4 pp
+13.1 pp
+32.8 pp
+25.4 pp
+24.9 pp
+37.5 pp
+35.1 pp

Silvercorp Metals Inc. · SVM

−3.1 pp
−43.1 pp
−3.1 pp
−1.0 pp
−0.5 pp
+45.7 pp
+0.8 pp
+13.1 pp
+16.9 pp
+9.2 pp
+16.8 pp
−23.3 pp
−9.0 pp
−35.8 pp
−39.4 pp
+22.5 pp
07 · compare level, then change

Profit Scale & Acceleration

Aya Gold & Silver Inc. has the highest Net profit among the 8 Silver companies compared here, at $85 million. Silvercorp Metals Inc. is next at $32 million. 3 of 8 companies report a comparable reading, the latest through Mar 2026. Its Net profit series carries 19 reported observations across the 20-quarter window.

What the numbers say: Aya Gold & Silver Inc. leads net profit at $85 million; the second comparison lacks enough current evidence.

LeaderAya Gold & Silver Inc. · $85 million
Gap165.6% versus #2 · Silvercorp Metals Inc.
Persistence3/8 recent comparable periods
Coverage3/8 companies · 116 observations

Investor read: Aya Gold & Silver Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
3New Pacific Metals Corp. NEWP$-5M
Profit growthfastest growers
Not enough comparable data
Net profit · company comparison
3/8 level · 0/8 change
All-company data · latest reported quarter
CompanyNet profitProfit growthReported
First Majestic Silver Corp. AG$147M2,350%Jun 2026
Endeavour Silver Corp. EXK$65M-2,500%Jun 2026
Aya Gold & Silver Inc. AYA$49M600%Mar 2026
Highlander Silver Corp. HSLV$28M300%Mar 2026
Silvercorp Metals Inc. SVM$16M-110%Mar 2026
New Pacific Metals Corp. NEWP$-1MMar 2026
Sinda Ltd. SIND$-12MMar 2026
Sunshine Silver Mining & Refining Company SSMR$-13MMar 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Aya Gold & Silver Inc. · AYA

$1M
$-1M
$-2M
$1M
$1M
$2M
$1M
$-1M
$1M
$4M
$-3M
$7M
$0M
$-15M
$7M
$9M
$12M
$15M
$49M

Endeavour Silver Corp. · EXK

$-4M
$0M
$12M
$-12M
$-1M
$8M
$6M
$-1M
$-2M
$3M
$-1M
$-14M
$-17M
$1M
$-33M
$-20M
$-42M
$-24M
$65M

First Majestic Silver Corp. · AG

$-18M
$-4M
$7M
$-84M
$-21M
$-17M
$-101M
$-18M
$-27M
$10M
$-14M
$-48M
$-27M
$-13M
$6M
$57M
$43M
$105M
$147M

Highlander Silver Corp. · HSLV

$0M
$0M
$0M
$-1M
$0M
$0M
$0M
$4M
$0M
$-1M
$0M
$1M
$-1M
$-2M
$-5M
$4M
$28M

New Pacific Metals Corp. · NEWP

$-1M
$-1M
$-1M
$-2M
$-2M
$-2M
$-2M
$-2M
$-2M
$-2M
$-1M
$-1M
$-1M
$-1M
$-1M
$-1M
$-1M
$-2M
$-1M

Silvercorp Metals Inc. · SVM

$13M
$8M
$6M
$14M
$-10M
$15M
$2M
$13M
$15M
$14M
$8M
$28M
$23M
$31M
$-4M
$24M
$-5M
$-3M
$16M

Sinda Ltd. · SIND

$-3M
$-12M

Sunshine Silver Mining & Refining Company · SSMR

$-4M
$-13M

Profit growth · reported quarter history

Aya Gold & Silver Inc. · AYA

0.0%
-200%
0.0%
100%
-400%
-100%
-475%
29%
600%

Endeavour Silver Corp. · EXK

-271%
-50%
-63%
-117%
-67%
-2,500%

First Majestic Silver Corp. · AG

-625%
-1,543%
-230%
2,350%

Highlander Silver Corp. · HSLV

-75%
300%

Silvercorp Metals Inc. · SVM

-13%
-177%
88%
-67%
-7.1%
-6.7%
300%
115%
53%
121%
-150%
-14%
-122%
-110%
08 · compare level, then change

Return On Capital Employed

Aya Gold & Silver Inc. has the highest ROCE among the 8 Silver companies compared here, at 17.4%. Endeavour Silver Corp. is next at 7.1%. The same company also holds the highest ROCE change, at +16.5 percentage points. 8 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Aya Gold & Silver Inc. leads ROCE at 17.4%, 10.3 percentage points above Endeavour Silver Corp.. Aya Gold & Silver Inc. has the strongest latest improvement at +16.5 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAya Gold & Silver Inc. · 17.4%
Gap145.1% versus #2 · Endeavour Silver Corp.
Persistence6/8 recent comparable periods
Coverage8/8 companies · 122 observations

Investor read: Aya Gold & Silver Inc. sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
4Highlander Silver Corp. HSLV3.5%
ROCE changefastest improvers
3Sinda Ltd. SIND+6.0 pp
Return on capital · company comparison
8/8 level · 8/8 change
All-company data · latest reported quarter
CompanyROCEROCE changeReported
Aya Gold & Silver Inc. AYA17%+16.5 ppMar 2026
Endeavour Silver Corp. EXK7.1%+7.8 ppJun 2026
First Majestic Silver Corp. AG4.8%+3.4 ppJun 2026
Highlander Silver Corp. HSLV3.5%−6.0 ppMar 2026
Silvercorp Metals Inc. SVM3.1%+2.8 ppMar 2026
New Pacific Metals Corp. NEWP-1.1%−0.1 ppMar 2026
Sunshine Silver Mining & Refining Company SSMR-52%0.0 ppMar 2026
Sinda Ltd. SIND-52%Mar 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Aya Gold & Silver Inc. · AYA

1.0%
0.4%
0.2%
0.4%
-1.0%
2.1%
0.0%
0.0%
1.9%
0.7%
-1.0%
0.6%
-1.0%
-11%
0.9%
1.7%
3.5%
8.5%
17%

Endeavour Silver Corp. · EXK

1.5%
1.9%
4.7%
-0.5%
-0.4%
4.5%
2.1%
1.6%
-1.1%
0.0%
0.8%
0.4%
0.8%
-0.1%
0.8%
-0.7%
0.3%
4.3%
10%
7.1%

First Majestic Silver Corp. · AG

-0.7%
1.8%
-0.2%
0.2%
-0.8%
-1.3%
-7.6%
-1.0%
-1.0%
0.1%
-1.0%
-0.8%
0.2%
1.4%
1.2%
1.4%
2.7%
8.0%
5.8%
4.8%

Highlander Silver Corp. · HSLV

0.0%
-10%
-2.0%
-3.1%
-11%
-2.8%
-4.2%
-2.3%
151%
-8.3%
-28%
-4.6%
-18%
-11%
9.5%
-23%
-7.0%
0.0%
3.5%

New Pacific Metals Corp. · NEWP

-1.3%
-1.1%
-1.2%
-1.9%
-1.7%
-1.6%
-2.0%
-1.6%
-1.5%
-1.4%
-1.4%
-1.2%
-1.2%
-1.2%
-1.0%
-1.0%
-1.0%
-1.0%
-1.1%

Silvercorp Metals Inc. · SVM

2.8%
3.0%
0.9%
3.0%
-1.2%
2.6%
0.7%
2.8%
2.8%
2.7%
1.7%
5.2%
3.6%
4.6%
0.3%
3.5%
0.4%
1.0%
3.1%

Sinda Ltd. · SIND

-52%

Sunshine Silver Mining & Refining Company · SSMR

0.0%
0.0%
0.0%
0.0%
-52%

ROCE change · reported quarter history

Aya Gold & Silver Inc. · AYA

−2.0 pp
+1.7 pp
−0.2 pp
−0.4 pp
+2.9 pp
−1.4 pp
−1.0 pp
+0.6 pp
−2.9 pp
−11.6 pp
+1.9 pp
+1.1 pp
+4.5 pp
+19.4 pp
+16.5 pp

Endeavour Silver Corp. · EXK

−1.9 pp
+2.6 pp
−2.6 pp
+2.1 pp
−0.7 pp
−4.5 pp
−1.3 pp
−1.2 pp
+1.9 pp
−0.1 pp
0.0 pp
−1.1 pp
−0.5 pp
+4.4 pp
+9.5 pp
+7.8 pp

First Majestic Silver Corp. · AG

−0.1 pp
−3.1 pp
−7.4 pp
−1.2 pp
−0.2 pp
+1.4 pp
+6.6 pp
+0.2 pp
+1.2 pp
+1.3 pp
+2.2 pp
+2.2 pp
+2.5 pp
+6.6 pp
+4.6 pp
+3.4 pp

Highlander Silver Corp. · HSLV

−10.6 pp
+7.2 pp
−2.2 pp
+0.8 pp
+161.1 pp
−5.5 pp
−24.2 pp
−2.3 pp
−168.8 pp
−2.4 pp
+37.9 pp
−18.2 pp
+11.3 pp
+10.7 pp
−6.0 pp

New Pacific Metals Corp. · NEWP

−0.4 pp
−0.5 pp
−0.8 pp
+0.3 pp
+0.2 pp
+0.2 pp
+0.6 pp
+0.4 pp
+0.3 pp
+0.2 pp
+0.4 pp
+0.2 pp
+0.2 pp
+0.2 pp
−0.1 pp

Silvercorp Metals Inc. · SVM

−4.0 pp
−0.4 pp
−0.2 pp
−0.2 pp
+4.0 pp
+0.1 pp
+1.0 pp
+2.4 pp
+0.8 pp
+1.9 pp
−1.4 pp
−1.7 pp
−3.2 pp
−3.6 pp
+2.8 pp

Sunshine Silver Mining & Refining Company · SSMR

0.0 pp
0.0 pp
09 · compare level, then change

Valuation Against Growth & Quality

Silvercorp Metals Inc. has the lowest PEG among the 8 Silver companies compared here, at 0.72×. First Majestic Silver Corp. has the lowest P/E at 23.9×, so level and change sit with different companies. 1 of 8 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Silvercorp Metals Inc. has the lowest comparable PEG at 0.72×. Only 1 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderSilvercorp Metals Inc. · 0.72×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/8 companies · 1 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
Valuation · company comparison
1/8 level · 4/8 change
All-company data · latest reported quarter
CompanyPEGP/EReported
Silvercorp Metals Inc. SVM0.751.8Mar 2026
First Majestic Silver Corp. AG23.9Jun 2026
Aya Gold & Silver Inc. AYA25.5Mar 2026
Endeavour Silver Corp. EXK41.4Jun 2026
Full 20-quarter history · every available company

PEG · reported quarter history

Silvercorp Metals Inc. · SVM

0.7

P/E · reported quarter history

Aya Gold & Silver Inc. · AYA

175.4
629.7
664.8
160.9
160.2
134.1
183.0
430.6
141.7
216.8
44.7
25.5

Endeavour Silver Corp. · EXK

18.6
52.8
66.4
108.0
57.8
48.6
65.7
41.4

First Majestic Silver Corp. · AG

70.7
87.7
49.1
35.8
23.9

Silvercorp Metals Inc. · SVM

18.1
19.8
21.3
15.5
23.3
21.1
31.8
25.6
13.1
15.5
16.3
12.4
14.6
8.3
13.8
16.1
51.8
10 · before the conclusion, check the blind spots

What can make this comparison misleading?

This Silver comparison names 5 specific ways its own evidence can mislead, all listed below. All 8 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 5 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Thin comparisons: Revenue, Valuation have fewer than three usable current readings.
11 · evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 8 Silver companies, normalized to a common $ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-04. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-04 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
12 · questions investors ask, short speakable answers

Silver company comparison FAQs

These 21 answers restate the Silver comparison above in question form. Every one is computed from the same 8 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-04. Nothing here is estimated, and none of it is a recommendation.

Is the Silver sector outperforming S&P 500?

Silver has outperformed S&P 500 by 91.1% over 52 weeks and 16.8% over 13 weeks. 2 of 6 covered companies beat the S&P 500 on Mansfield relative strength, while 2 of 6 beat the sector itself.

Which Silver company is largest by revenue?

Silvercorp Metals Inc. leads with revenue of $437 million, based on 2 of 8 comparable companies through Mar 2026.

Which Silver company is growing fastest?

Aya Gold & Silver Inc. has the fastest current revenue growth at 100%, across 2 of 8 comparable companies.

Which Silver company has the strongest 4-Factor Sector Score?

Aya Gold & Silver Inc. ranks first at 77/100 with 60.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Silver company has the lowest comparable PEG?

Silvercorp Metals Inc. has the lowest comparable PEG at 0.72, among 1 of 8 companies whose earnings and growth are steady enough for the ratio to mean anything.

How much history does this Silver comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Which Silver company is the biggest?

Silvercorp Metals Inc. is the largest, with trailing-twelve-month revenue of $437 million, ahead of Aya Gold & Silver Inc. at $285 million. That covers 2 of 8 companies with comparable reporting through Mar 2026.

Which Silver company has the best profit margins?

Aya Gold & Silver Inc. has the highest operating margin at 66.2%, from 5 of 8 comparable companies. Aya Gold & Silver Inc. shows the biggest recent improvement, at +56.4 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Silver company makes the most profit?

Aya Gold & Silver Inc. earns the most, at $85 million of trailing-twelve-month net profit, from 3 of 8 comparable companies.

Which Silver company earns the highest return on capital?

Aya Gold & Silver Inc. leads on return on capital employed at 17.4%, across 8 of 8 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Silver stock is the cheapest?

On PEG — where a LOWER number is cheaper — Silvercorp Metals Inc. screens cheapest at 0.72×. Only 1 of 8 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Is the Silver sector beating the market?

Silver has outperformed S&P 500 by 91.1% over the last 52 weeks and 16.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 2 of 6 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

Which Silver stock has the strongest price momentum?

Aya Gold & Silver Inc. has the strongest relative strength against S&P 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Silver company scores highest for research priority?

Aya Gold & Silver Inc. scores 77 out of 100 with 60.6% evidence confidence, from 27.5 points on growth and earnings, 19.5 on capital efficiency, 10 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Silver companies does this comparison cover, and over what period?

It compares 8 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Silver sector?

The 8 Silver companies on this page carry $22,098 million of combined market value. First Majestic Silver Corp. is the largest at $8,137 million, about 37% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-04.

How is the Silver sector performing?

2 of the 6 covered Silver companies are beating S&P 500 on Mansfield relative strength. The sector itself is 91.1% ahead of S&P 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-04.

How many Silver stocks are listed in the US?

This comparison covers 8 listed Silver companies in the US, each above the size floor the site applies. The full ranked list is on this page, with reported fundamentals through Jun 2026. Membership is the full industry list — nothing is dropped for having thin data.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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