Silver Stocks Under Review -- Hecla Mining, First Majestic Silver, Coeur Mining and Silver Wheaton
London (Jan 13) Stock-Callers.com revisits the Silver industry to see how some equities have fared over the last few weeks. Under assessment today are: Hecla Mining Co. (NYSE: HL), First Majestic Silver Corp. (NYSE: AG), Coeur Mining Inc. (NYSE: CDE), and Silver Wheaton Corp. (NYSE: SLW). Silver is one of the most versatile metals available. It is used as both an industrial metal and a hard asset, and plays double duty in the commodities market. Trading it and predicting its price is a careful balancing act between what consumers need and what the currency market demands. Learn more about these stocks by downloading their free research reports in PDF format at:
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Hecla Mining
On Thursday, shares in Idaho-based Hecla Mining Co. recorded a trading volume of 7.48 million shares. The stock ended at $5.81, climbing 0.35% from the last trading session. The Company's shares have gained 10.93% over the previous three months and 10.88% since the start of this year. The stock is trading above its 200-day moving average by 9.22%. Furthermore, shares of Hecla Mining, which together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metal deposits worldwide, have a Relative Strength Index (RSI) of 53.34.
On January 10th, 2017, Hecla Mining reported silver production of 17.2 million ounces for 2016, a 48% increase from 2015. The Company reported gold production of 233,929 ounces, a 24% increase on a y-o-y basis. During the reported period, Hecla mining recorded silver equivalent production of 46.1 million ounces, or gold equivalent production of more than 631,000 ounces, a 23% increase. Hecla Mining had cash, cash equivalents, and short-term investments of approximately $198 million at December 31st, 2016, an increase of approximately $43 million for the year. Sign up and read the free research report on HL at:
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First Majestic Silver
Canada headquartered First Majestic Silver Corp.'s stock finished yesterday's session 1.68% lower at $8.79 with a total trading volume of 5.79 million shares. The Company's shares have gained 1.50% in the last one month, 11.27% over the previous three months, and 15.20% on an YTD basis. The stock is trading above its 50-day moving average by 4.14%. Furthermore, shares of First Majestic Silver, which engages in the acquisition, exploration, development, and production of mineral properties with a focus on silver projects in Mexico, have an RSI of 56.51. The complimentary research report on AG can be downloaded at:
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Coeur Mining
At the closing bell on Thursday, shares in Illinois-based Coeur Mining Inc. saw a slight decline of 0.64%, ending the day at $10.89. The stock recorded a trading volume of 3.77 million shares. The Company's shares have advanced 10.00% in the last one month and 19.80% on an YTD basis. The stock is trading 8.71% and 3.13% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Coeur Mining, which owns, operates, explores for, and develops silver and gold properties, have an RSI of 60.91.
On January 05th, 2017, Coeur Mining announced Q4 2016 production of 3.9 million ounces of silver and 102,500 ounces of gold, or 10.0 million silver equivalent ounces, the highest quarterly silver equivalent production in the Company's history. FY16 production was 14.8 million ounces of silver, and 358,170 ounces of gold. In FY17, Coeur expects to produce 16.4 million - 18.0 million ounces of silver and 362,000 - 387,000 ounces of gold, or 38.1 million - 41.2 million silver equivalent ounces, an increase of over 9% y-o-y based on the midpoint of the 2017 guidance range. Register for free on Stock-Callers.com and access the latest report on CDE at:
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Silver Wheaton
Canada headquartered Silver Wheaton Corp.'s stock ended the day 0.84% lower at $20.11 with a total trading volume of 5.21 million shares. The Company's shares have gained 6.85% in the last month and 4.09% on an YTD basis. The stock is trading 2.38% above its 50-day moving average. Additionally, shares of Silver Wheaton, which operates as a precious metals streaming company worldwide, have an RSI of 58.85.
On December 22nd, 2016, Panoro Minerals Ltd and its wholly-owned subsidiary, Panoro Trading (Cayman) Ltd, announced that they have received a third payment of US$2.0 million as part of the Precious Metals Purchase Agreement with Silver Wheaton (Caymans) Ltd, a wholly owned subsidiary of Silver Wheaton Corp., in respect of the Cotabambas project located in Peru. The principal terms of the agreement, described in the Company's press release on March 21st, 2016, whereby Silver Wheaton will pay Panoro upfront cash payments totalling US$140.0 million for 25% of the payable gold production and 100% of the payable silver production from the Company's Cotabambas Project in Peru. Get free access to your research report on SLW at:
http://stock-callers.com/registration/?symbol=SLW
SOURCE: CHELMSFORD
