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':
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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.
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