Silver Stocks Under Review — Hecla Mining, Silver Wheaton, First Majestic Silver, and Coeur Mining

September 7, 2016

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NEW YORK, September 7, 2016 /PRNewswire/ — this morning has issued research reports on the following equities: Hecla Mining Co. (NYSE: HL), Silver Wheaton Corp. (NYSE: SLW), First Majestic Silver Corp. (NYSE: AG), and Coeur Mining Inc. (NYSE: CDE). On Monday, September 05, 2016, Silver prices rose to their highest level in three weeks following last Friday’s weaker than expected U.S. jobs report. The precious metal futures for December settlement jumped 22 cents, or 1.2%, to $19.59 a troy ounce on the Comex division of the New York Mercantile Exchange. Learn more about these stocks by downloading their free research reports in PDF format at:

Hecla Mining  

Coeur d’Alene, Idaho-based Hecla Mining Co.’s stock finished Tuesday’s session at $6.30, jumping 6.60%. A total volume of 12.77 million shares was traded, which was above their three months average volume of 10.28 million shares. Over the previous three months and since the start of this year, the Company’s shares have surged 43.24% and 234.10%, respectively. The stock is trading above its 50-day and 200-day moving averages by 3.28% and 71.36%, respectively. Moreover, 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 51.70.

On August 4th, 2016, Hecla Mining reported that net income applicable to common shareholders for Q2 2016 was $24.0 million, or $0.06 per share, compared to a net loss applicable to common shareholders of $26.8 million, or $0.07 per share, for the same period in 2015. The company’s sales were 64% higher than Q2 2015, mainly due to 71% increased silver production and 41% increased gold production as well as higher silver and gold prices.

On September 6th, 2016, research firm Rodman & Renshaw initiated a ‘Buy’ rating on the Company’s stock, issuing a target price of $9 per share. Sign up and read the free research report on HL at:

Silver Wheaton  

Shares in Vancouver, Canada headquartered Silver Wheaton Corp. ended yesterday’s session 5.21% higher at $28.87. A total volume of 7.32 million shares was traded, which was higher than their three months average volume of 6.32 million shares. The stock has gained 0.38% in the past month, 39.04% in the previous three months, and 134.12% on an YTD basis. The Company’s shares are trading 7.37% above their 50-day moving average and 55.11% above their 200-day moving average. Moreover, shares of Silver Wheaton, which operates as a precious metals streaming company worldwide, have an RSI of 56.57.

On August 10th, 2016, Silver Wheaton reported revenues of $212 million in Q2 2016 compared with $164 million in Q2 2015, representing an increase of 29%. The company posted net earnings of $60 million ($0.14 per share) in Q2 2016 compared with $54 million ($0.13 per share) in Q2 2015, representing an increase of 12%. Average realized sale price per ounce sold in Q2 2016 was $17.18 per ounce of silver and $1,267 per ounce of gold, representing an increase of 5% and 6%, respectively, compared to Q2 2015. The complimentary research report on SLW can be downloaded at:

First Majestic Silver  

On Tuesday, Vancouver, Canada headquartered First Majestic Silver Corp.’s stock soared 7.68%, to close the day at $13.32. A total volume of 8.79 million shares was traded, which was above their three months average volume of 6.35 million. The Company’s shares have advanced 14.93% in the previous three months and 307.34% on an YTD basis. The stock is trading 52.57% above its 200-day moving average. 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 39.51.

On August 10th, 2016, First Majestic reported that revenues totaled $66.1 million in Q2 2016, representing a 22% increase compared to Q2 2015, primarily due to a 23% increase in total production. The company posted net earnings of $6.1 million (EPS of $0.04) in the reported quarter, compared to a loss of $2.6 million (loss per share of $0.02) in Q2 2015. Register for free on and access the latest report on AG at:

Coeur Mining  

Shares in Chicago, Illinois-based Coeur Mining Inc. ended the day 10.45% higher at $14.90. A total volume of 8.81 million shares was traded, which was above their three months average volume of 6.13 million shares. The stock has gained 79.09% in the previous three months and 500.81% since the start of this year. The Company’s shares are trading above their 50-day and 200-day moving averages by 9.10% and 109.42%, respectively. Furthermore, shares of Coeur Mining, which owns, operates, explores for, and develops silver and gold properties, have an RSI of 56.46.

On August 30th, 2016, research firm CIBC upgraded the Company’s stock rating from ‘Sector Underperform’ to ‘Sector Perform’. Get free access to your research report on CDE at:

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Category: Precious Metals