Silver Stocks Under Review -- Hecla Mining, First Majestic Silver, Silver Wheaton, and Coeur Mining
NEW YORK, February 21, 2017 /PRNewswire/ --
This morning's reports research draws the attention of Stock-Callers.com to the silver industry, which fell 0.64% to $17.95 an ounce in New York on Friday, February 17th, 2017. Equities under review today are: Hecla Mining Co. (NYSE: HL), First Majestic Silver Corp. (NYSE: AG), Silver Wheaton Corp. (NYSE: SLW), and Coeur Mining Inc. (NYSE: CDE). Learn more about these stocks by downloading their free research reports in PDF format at:
http://stock-callers.com/registration
Hecla Mining
Last Friday at the close, shares in Idaho-based Hecla Mining Co. ended 0.15% higher at $6.58. The stock recorded a trading volume of 6.64 million shares. The Company's shares have advanced 8.94% in the last one month, 7.57% over the previous three months, and 25.57% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 9.48% and 15.65%, respectively. 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 59.60.
On February 06th, 2017, Hecla Mining announced it expects to release its Q4 and full year-2016 financial results before market open on February 23rd, 2017. The Company will hold a conference call and webcast on the same day at 10:00 am ET to discuss these results. Sign up and read the free research report on HL at:
http://stock-callers.com/registration/?symbol=HL
First Majestic Silver
Canada headquartered First Majestic Silver Corp.'s stock finished Friday's session 1.66% lower at $10.06 with a total trading volume of 3.79 million shares. The Company's shares have advanced 11.53% in the last one month, 14.32% over the previous three months, and 31.85% since the start of this year. The stock is trading above its 50-day moving average by 12.47%. Additionally, 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 56.95.
On January 17th, 2017, First Majestic reported that total production in full year 2016 reached a new record of 18.7 million equivalent ounces of silver, representing a 16% increase over full year 2015, consisting of 11.9 million ounces of silver, 62,436 ounces of gold, 33.2 million pounds of lead, and 10.6 million pounds of zinc. The Company's production in Q4 2016 totaled 4.4 million equivalent ounces of silver consisting of 2.8 million ounces of silver, 14,743 ounces of gold, 7.7 million pounds of lead and 1.2 million pounds of zinc. As of December 31st, 2016, the Company held US$129.0 million of cash in its treasury. First Majestic noted that production costs are scheduled to be released on February 22nd, 2017 with the Company's Q4 and full-year 2016 financial results.
On February 15th, 2017, research firm Raymond James downgraded the Company's stock rating from 'Market Perform' to 'Underperform'. The complimentary research report on AG can be downloaded at:
http://stock-callers.com/registration/?symbol=AG
Silver Wheaton
Shares in Canada headquartered Silver Wheaton Corp. ended the session 1.33% lower at $21.53 with a total trading volume of 3.59 million shares. The stock has gained 3.31% in the past month, 9.03% in the previous three months, and 11.44% on an YTD basis. The Company's shares are trading above their 50-day moving average by 6.08%. Moreover, shares of Silver Wheaton, which operates as a precious metals streaming company worldwide, have an RSI of 52.47.
On January 31st, 2017, Silver Wheaton announced that it will release Q4 2016 and full year 2016 results on March 21st, 2017, after market close. The Company will hold a conference call on March 22nd, 2017, starting at 11:00 am ET to discuss these results.
On February 09th, 2017, research firm Goldman downgraded the Company's stock rating from 'Buy' to 'Neutral'. Register for free on Stock-Callers.com and access the latest report on SLW at:
http://stock-callers.com/registration/?symbol=SLW
Coeur Mining
Illinois-based Coeur Mining Inc.'s shares recorded a trading volume of 4.59 million shares, which was above their three months average volume of 4.15 million shares. The stock closed 2.74% lower at $8.88. The Company's shares are trading 14.61% below their 50-day moving average. Additionally, shares of Coeur Mining, which owns, operates, explores for, and develops silver and gold properties, have an RSI of 32.53.
On February 08th, 2017, Coeur reported revenue of $159.2 million for Q4 2016, down 10% on q-o-q basis. Silver metal sales contributed 33% and gold 67%. In Q4 2016, the Company generated a net loss of $8.3 million, or $0.03 per share, due mostly to lower metal prices and a one-time loss of $11.3 million related to the redemption of $190 million in principal of the Company's 7.875% Senior Notes due 2021. Quarterly cash flow from operating activities was $25.5 million and adjusted EBITDA was $44.0 million. Get free access to your research report on CDE at:
http://stock-callers.com/registration/?symbol=CDE
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