Research Reports Coverage on Silver Stocks -- Endeavour Silver, Pan American Silver, Silver Standard Resources, and Fortuna Silver Mines
NEW YORK, March 16, 2017 /PRNewswire/ --
Stock-Callers.com has lined up four equities for review this morning, and they are: Endeavour Silver Corp. (NYSE: EXK), Pan American Silver Corp. (NASDAQ: PAAS), Silver Standard Resources Inc. (NASDAQ: SSRI), and Fortuna Silver Mines Inc. (NYSE: FSM). According to an article on ETFtrends.com, the iShares Silver Trust and ETFS Physical Silver Shares are still sporting solid year-to-date gains, despite a lackluster performance for Silver and related exchange-traded funds this March. Looking ahead, the quickly expanding photovoltaic panel or solar industry could continue to drive Silver demand, as per a report by Henry Sanderson for the Financial Times. These stocks research reports can be downloaded by simply registering for free at:
http://stock-callers.com/registration
Endeavour Silver
Vancouver, Canada headquartered Endeavour Silver Corp.'s stock finished Wednesday's session 13.20% higher at $3.43. A total volume of 3.44 million shares was traded, above their three months average volume of 2.52 million shares. The Company's shares are trading below their 50-day moving average by 16.20%. Moreover, shares of Endeavour Silver, which engages in acquisition, exploration, development, extraction, processing, refining, and reclamation of mining properties in Mexico and Chile, have a Relative Strength Index (RSI) of 43.53.
On February 17th, 2017, research firm Noble Financial initiated a 'Buy' rating on the Company's stock, with a target price of $5.50 per share.
On March 02nd, 2017, Endeavour announced net loss of $5.2 million ($0.04 per share) for Q4 2016, compared to loss of $136.2 million ($1.33 per share) for Q4 2015. The Company's cash flow from operations before working capital changes decreased 120% to negative $1.1 million. Endeavour's Q4 2016 revenue decreased 32% to $28.7 million on 946,456 silver oz sold and 11,004 gold oz sold. Your complete research report on EXK can be retrieved for free at:
http://stock-callers.com/registration/?symbol=EXK
Pan American Silver
Shares in Vancouver, Canada headquartered Pan American Silver Corp. jumped 7.00%, ending yesterday's session at $17.11. A total volume of 2.39 million shares was traded, which was higher than their three months average volume of 1.99 million shares. The stock has gained 2.53% in the previous three months and 13.69% on an YTD basis. The Company's shares are trading 1.26% below their 200-day moving average. Moreover, shares of Pan American Silver, which engages in the exploration, acquisition, development, and operation of silver properties, have an RSI of 46.17.
On February 14th, 2017, Pan American reported that silver production in Q4 2016 was 6.31 million ounces, while gold production was 43.9 thousand ounces. The Company's revenue was $190.6 million in Q4 2016 compared with $163.0 million in Q4 2015. Pan American Silver's net income increased to $22.3 million, or $0.14 earnings per share, in Q4 2016 compared with a net loss of $137.0 million, or $0.88 basic loss per share, in Q4 2015. A free report on PAAS is just a click away at:
http://stock-callers.com/registration/?symbol=PAAS
Silver Standard Resources
On Wednesday, Vancouver, Canada-based Silver Standard Resources Inc.'s stock surged 8.86%, to close the day at $10.93. A total volume of 3.48 million shares was traded, which was above their three months average volume of 2.20 million shares. The Company's shares have advanced 17.78% in the previous three months and 22.53% on an YTD basis. The stock is trading 3.75% above its 50-day moving average. Additionally, shares of Silver Standard Resources, which engages in the acquisition, exploration, development, and operation of precious metal resource properties in the Americas, have an RSI of 53.86.
On February 23rd, 2017, Silver Standard announced that it generated cash from operations of $170.7 million in full year 2016 and increased its cash position by $115.3 million to $327.1 million. The Company recorded net earnings of $65.0 million, or $0.63 per share. Silver Standard's Q4 2016 cash from operations was $74.1 million, and net earnings were $12.1 million, or $0.10 per share. Sign up for your complimentary research report on SSRI at:
http://stock-callers.com/registration/?symbol=SSRI
Fortuna Silver Mines
Shares in Vancouver, Canada headquartered Fortuna Silver Mines Inc. ended the day 9.06% higher at $5.54. A total volume of 3.62 million shares was traded, which was above their three months average volume of 1.84 million shares. The stock is trading below its 50-day moving average by 9.21%. Furthermore, shares of Fortuna Silver Mines, which engages in the exploration, extraction, and processing of mineral properties in Latin America, have an RSI of 47.50.
On February 27th, 2017, Fortuna announced updated Mineral Reserve and Mineral Resource estimates as of December 31st, 2016, for the Caylloma Mine located in Arequipa, Peru, and for the San Jose Mine located in Oaxaca, Mexico. The Company reported combined proven and probable reserves of 89.2 Mt, containing 45.8 Moz silver and 2.0 Moz gold, representing y-o-y increases of 28% in contained silver ounces and 762% in contained gold ounces. Register for free on Stock-Callers.com and download the latest research report on FSM at:
http://stock-callers.com/registration/?symbol=FSM
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