Stock Review for Silver's Investors -- Pan American Silver, Endeavour Silver, Hecla Mining, and Wheaton Precious Metals
NEW YORK, Dec. 1, 2017 /PRNewswire/ -- In keeping with the commitment to dynamically provide members with timely information, WallStEquities.com has issued free tailored Stock Review on PAAS, EXK, HL, and WPM which is a click away at www.wallstequities.com/registration. The major Silver miners fared fine in Q3 2017 despite some real challenges, according to a Seeking Alpha report. A combination of silver continuing to seriously lag gold, along with anomalous company-specific problems, weighed on miners' results. This morning, WallStEquities.com takes a closer look at four Silver stocks to see how they have fared over the past trading sessions: Pan American Silver Corp. (NASDAQ: PAAS), Endeavour Silver Corp. (NYSE: EXK), Hecla Mining Co. (NYSE: HL), and Wheaton Precious Metals Corp. (NYSE: WPM). Sign up today for free and learn why our members refer to our research coverage as the 'best out there':
www.wallstequities.com/registration
Pan American Silver
On Thursday, shares in Canada headquartered Pan American Silver Corp. recorded a trading volume of 958,373 shares. The stock ended the day at $15.14, rising 0.80% from the last trading session. The Company's shares have advanced 0.46% on an YTD basis. The stock is trading below its 50-day moving average by 7.61%. Furthermore, shares of the Company have a Relative Strength Index (RSI) of 41.32.
On November 08th, 2017, Pan American Silver reported its unaudited results for Q3 2017. Unaudited net earnings for Q3 2017 were $17.8 million, revenue totaled $190.8 million, and net cash from operating activities was $63.8 million. Silver production for the quarter was 5.89 million ounces; gold production was 40.8 thousand ounces; and zinc, lead, and copper production totaled 14.1 thousand tonnes, 5.3 thousand tonnes, and 3.7 thousand tonnes, respectively.
On November 22nd, 2017, research firm Credit Suisse upgraded the Company's stock rating from 'Neutral' to 'Outperform'. Signing up now gives you access to the free research coverage on PAAS at:
www.wallstequities.com/registration/?symbol=PAAS
Endeavour Silver
Canada headquartered Endeavour Silver Corp.'s stock saw a slight decline of 0.47%, finishing yesterday's session at $2.10 with a total trading volume of 1.27 million shares. The Company's shares have gained 0.96% in the last month. The stock is trading below its 50-day moving average by 7.77%. Additionally, shares of Endeavour Silver have an RSI of 44.81.
On November 15th, 2017, Endeavour Silver announced that exploration drilling on the Parral property in Chihuahua State, Mexico has discovered potential bulk tonnage silver mineralization within the Palmilla-Capuzaya-La Luz veins in the Palmilla mine area. Drilling highlights included 11.1 m (36.4 feet) true width grading 154 grams per tonne (gpt) silver, 0.36 gpt gold, 0.07% lead, and 0.23% zinc (179 gpt silver equivalent [AgEq] or 5.8 oz per tonne AgEq) in hole PAL-02.
On November 17th, 2017, research firm BMO Capital Markets initiated a 'Market Perform' rating on the Company's stock. Get access to our top-rated research, including the free report on EXK at:
www.wallstequities.com/registration/?symbol=EXK
Hecla Mining
Shares in Idaho-based Hecla Mining Co. ended the session 0.27% higher at $3.74. The stock recorded a trading volume of 5.30 million shares, which was above its three months average volume of 4.28 million shares. The Company's shares are trading 20.22% below their 50-day moving average. Moreover, shares of Hecla Mining have an RSI of 26.25.
On November 07th, 2017, Hecla Mining announced its Q3 results. Net income for Q3 2017 was $1.3 million, operating cash flow was $28.3 million, and adjusted EBITDA was $60.8 million. Gold production for the quarter was 63,046 ounces, cost of sales was $97.2 million, and all-in sustaining costs were $6.65 per silver ounce. Cash and cash equivalents and short-term investments were $205.9 million at September 30th, 2017.
On November 30th, 2017, research firm B. Riley FBR, Inc. upgraded the Company's stock rating from 'Neutral' to 'Buy', with a target price of $5 per share. Click here to subscribe for a free membership which welcomes you with our report on HL at:
www.wallstequities.com/registration/?symbol=HL
Wheaton Precious Metals
On Thursday, Canada headquartered Wheaton Precious Metals Corp.'s stock climbed 1.11%, finishing at $20.88. A total volume of 2.67 million shares was traded, which was above their three months average volume of 2.38 million shares. The Company's shares have gained 0.68% in the last month, 0.48% over the previous three months, and 8.07% on an YTD basis. The stock is trading 2.89% and 3.43% above its 50-day and 200-day moving averages, respectively. Additionally, shares of the Company have an RSI of 53.49.
On November 09th, 2017, Wheaton Precious Metals announced its Q3 2017 results. Revenue in Q3 2017 was $203 million on sales volume of 5.8 million ounces of silver and 82,500 ounces of gold. Average cash costs for the quarter were $4.43 per silver ounce sold and $396 per gold ounce sold. Net earnings and cash flow from operations for the quarter ended September 30th, 2017 were $67 million and $129 million, respectively.
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email [email protected]. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit
https://wallstequities.com/legal-disclaimer/
CONTACT:
For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: [email protected]
Phone number: +21-32-044-483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE Wall St. Equities
Share this article