NEW YORK, December 2, 2016 /PRNewswire/ --
Silver prices have remained weak since the start of the week, while not as quickly as they did following the bearish reversal bar on November 22nd, 2016. Today, Stock-Callers.com presents the following four equities for review: Hecla Mining Co. (NYSE: HL), First Majestic Silver Corp. (NYSE: AG), Coeur Mining Inc. (NYSE: CDE), and Silver Wheaton Corp. (NYSE: SLW). Register now and get full and free access to our downloadable research reports on these stocks at:
Coeur d'Alene, Idaho-based Hecla Mining Co.'s stock finished Thursday's session 0.82% lower at $6.03. A total volume of 14.32 million shares was traded, which was above their three months average volume of 12.16 million shares. The Company's shares have advanced 5.66% in the previous three months and 219.94% on an YTD basis. The stock is trading 2.00% and 23.42% above its 50-day and 200-day moving averages, respectively. Additionally, 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 49.90.
On November 08th, 2016, Hecla Mining reported net income of $25.7 million, or $0.07 per share, for Q3 2016 compared to a net loss of $10.0 million, or $0.03 per share, for Q3 2015. During Q3 2016, the company's sales were 71% higher than Q3 2015, mainly due to 67% increase in silver production and 19% increase in gold production, as well as higher silver and gold prices. Access our complete research report on HL for free at:
First Majestic Silver
On Thursday, shares in Vancouver, Canada headquartered First Majestic Silver Corp. recorded a trading volume of 4.25 million shares. The stock ended the session 0.23% higher at $8.89. The Company's shares have advanced 3.13% in the last one month and 171.87% since the start of this year. The stock is trading 0.49% above its 50-day moving average. Moreover, 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 53.42.
On November 09th, 2016, First Majestic reported that revenues generated in Q3 2016 totaled $79.3 million, an increase of 78% compared to $44.7 million in Q3 2015. The Company generated net earnings of $8.1 million (earnings per share of $0.05) in Q3 2016 compared to net loss of $1.8 million (loss per share of $0.01) in Q3 2015. The complimentary research report on AG can be downloaded at:
Shares in Chicago, Illinois-based Coeur Mining Inc. closed the day 0.93% lower at $9.56. The stock recorded a trading volume of 3.97 million shares. The Company's shares have surged 285.48% on an YTD basis. The stock is trading 2.71% below its 200-day moving average. Additionally, shares of Coeur Mining, which owns, operates, explores for, and develops silver and gold properties, have an RSI of 41.51.
On November 17th, 2016, Coeur Mining announced that, as of November 16th, 2016, it completed its previously announced at-the-market ("ATM") common equity offering program. The Company issued 17,691,094 shares of common stock for gross proceeds of $200 million. The Company plans to use the net proceeds from the ATM offering to redeem $190 million aggregate principal amount of its 7.875% Senior Notes due 2021 of which there was approximately $368 million aggregate principal amount outstanding as of November 15th, 2016.
On November 18th, 2016, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $19 a share to $18 a share. Register for free on Stock-Callers.com and get access to the latest PDF format report on CDE at:
At the close, shares in Vancouver, Canada headquartered Silver Wheaton Corp. finished 0.71% lower at $18.10. The stock recorded a trading volume of 6.12 million shares, which was above its three months average volume of 5.46 million shares. The Company's shares have advanced 47.26% on an YTD basis. The stock is trading below its 200-day moving average by 17.71%. Furthermore, shares of Silver Wheaton, which operates as a precious metals streaming company worldwide, have an RSI of 34.36.
On November 09th, 2016, Silver Wheaton reported revenues of $233 million in Q3 2016, up 52% compared with $153 million in Q3 2015. Average realized sale price per ounce sold in Q3 2016 was $19.53 per ounce of silver and $1,336 per ounce of gold, up 30% and 18%, respectively, compared to Q3 2015. The company reported net earnings of $83 million ($0.19 per share) in Q3 2016 compared with a net loss of $96 million ($0.24 per share) in Q3 2015.
On November 22nd, 2016, research firm Standpoint Research upgraded the Company's stock rating from 'Hold' to 'Buy'. Download your free research report on SLW at:
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