NEW YORK, August 25, 2016 /PRNewswire/ --
In today's pre-market research, Stock-Callers.com takes a closer look at Silver which remains battered by global economic downturns. Long-term investors, however, can expect substantial returns over time, as silver prices are usually volatile only for a short period and have an 84% correlation to gold. Here are this morning's featured companies: Silver Standard Resources Inc. (NASDAQ: SSRI), Endeavour Silver Corp. (NYSE: EXK), Great Panther Silver Ltd (NYSE MKT: GPL), and Fortuna Silver Mines Inc. (NYSE: FSM). Register now and get full and free access to our downloadable research reports on these stocks at:
Silver Standard Resources
Vancouver, Canada-based Silver Standard Resources Inc.'s stock finished Wednesday's session at $13.09, plummeting 10.59%. A total volume of 3.32 million shares was traded, which was above their three months average volume of 2.77 million shares. Over the last month and the previous three months, the Company's shares have advanced 0.85% and 41.06%, respectively. Additionally, the stock has surged 152.70% since the start of this year. Shares of the Company are trading above their 200-day moving average by 59.69%. Moreover, shares of Silver Standard Resources, which engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas, have a Relative Strength Index (RSI) of 42.23.
On August 02nd, 2016, research firm Citigroup initiated a 'Neutral' rating on the Company's stock, issuing a target price of $14 per share.
On August 10th, 2016, the company reported net income of $12.5 million and adjusted net income of $23.6 million, or $0.25 per share, for Q2 2016. The company produced 47,195 ounces of gold at cash costs of $663 per payable ounce of gold sold. The company reported that cash generated by operating activities totaled $30.2 million for the quarter. Access our complete research report on SSRI for free at:
Shares in Vancouver, Canada headquartered Endeavour Silver Corp. ended yesterday's session 11.71% lower at $4.60. A total volume of 5.23 million shares was traded, which was above their three months average volume of 2.49 million shares. The stock has gained 4.31% in the past month, 39.82% in the previous three months, and 223.94% on an YTD basis. The Company's shares are trading 62.16% above their 200-day moving average. Moreover, shares of Endeavour Silver, which engages in acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile, have an RSI of 41.03.
On August 3rd, 2016, Endeavour Silver reported net earnings of $1.7 million, or $0.01 per share, in Q2 2016 compared to a net loss of $1.0 million, or loss of $0.01 per share, for Q2 2015. The company's revenue decreased 7% on y-o-y basis to $44.5 million. Endeavour Silver noted that cash increased 178% to $56.8 million and working capital increased 318% to $72.1 million from year end. The complimentary research report on EXK can be downloaded at:
Great Panther Silver
On Wednesday, Vancouver, Canada headquartered Great Panther Silver Ltd's stock saw a decline of 8.89%, to close the day at $1.23. A total volume of 2.85 million shares was traded, which was above their three months average volume of 2.16 million shares. The Company's shares have advanced 145.41% on an YTD basis. The stock is trading 17.01% above its 200-day moving average. Additionally, shares of Great Panther Silver, which engages in the mining of mineral properties in Mexico, have an RSI of 37.21.
On August 12th, 2016, the company announced that it has resumed mining and processing operations at its Topia Mine in Durango, Mexico, following temporary shutdown at the mine a week ago. Register for free on Stock-Callers.com and get access to the latest PDF format report on GPL at:
Fortuna Silver Mines
Shares in Lima, Peru headquartered Fortuna Silver Mines Inc. ended the day 14.88% lower at $7.61. A total volume of 2.73 million shares was traded, which was above their three months average volume of 1.39 million shares. The stock has surged 30.98% in the previous three months and 238.22% since the start of this year. The Company's shares are trading above their 200-day moving average by 55.30%. Furthermore, shares of Fortuna Silver Mines, which engages in the exploration, extraction, and processing of mineral properties in Latin America, have an RSI of 37.66.
On August 8th, 2016, the company reported sales of $44.5 million for Q2 2016 compared to $38.9 million in Q2 2015. The company posted net loss of $1.4 million in the reported quarter compared to net income of $0.2 million in Q2 2015. Cash flow from operations before changes in non-cash working capital of $12.7 million and Adjusted EBITDA of $18.6 million compared to $6.8 million and $12.4 million, respectively, in Q2 2015. Download your free research report on FSM at:
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