Hecla Mining Co
Is Silver More Valuable as a Precious Metal or an Industrial Metal?
Silver has been falling over the past few years, despite surging demand for its industrial use. Fundamentally, silver seems to be strong due to rising demand and a year-over-year shortfall in its supply.
Analyzing the Mixed Performance of Miners on June 19
Goldcorp (GG), Yamana Gold (AUY), and Hecla Mining (HL) have fallen 4.1%, 15.7%, and 1.1% year-to-date, respectively. However, Gold Fields (GFI) has risen 14.6% year-to-date.
Factors That Could Drive Silver Miners’ Valuations in 2017
Coeur Mining (CDE) is trading at a forward EV-to-EBITDA multiple of 6.9x, the lowest multiple in the peer group.
Which Silver Miners Still Need to Work on Financial Health?
Coeur Mining’s (CDE) debt at the end of 1Q17 was $219.1 million, which is 57.0% lower than at the end of 1Q16.
Which Silver Miners Could Surprise on the Downside of Production?
Hecla Mining’s (HL) silver production recorded a fall of 27.0% year-over-year (or YoY) to 3.4 million ounces in 1Q17.
Is Gold Still Dependent on the Inflation Numbers?
Janet Yellen, chair of the Federal Reserve, noted that the Fed is planning to change the annual stress tests it gives to US banks. The test results would reveal whether the banks can withstand a massive financial crisis.
The Brightest Day for Mining This Week—So Far
Randgold Resources, AngloGold Ashanti, Hecla Mining, and IAMGOLD have risen 30.7%, 17.9%, 13%, and 31.4% YTD, respectively.
Can Coeur Mining’s Production Levels Keep Accelerating?
In 1Q16, Coeur’s silver and gold production was slightly lower than market expectations. It produced 3.4 million ounces of silver and 78,000 ounces of gold.
Will Interest Rates Have a Substantial Impact on Gold?
The Federal Reserve is expected to raise the interest rate in its March 2018 meeting for what would be the sixth time since late 2015.
Will Gold Keep Clinging to US Interest Rates?
Investors are cautious about investing in gold after the sudden surge over the past three months. The Market sentiment in gold seems to be far from bearish.
Inside Silver Miners’ Financial Leverage after 3Q16
Investors in the precious metal mining industry need to know a company’s debt levels because high debt can strain a company’s credit rating.
Which Silver Stock Is Seeing Upgrades These Days?
On October 3, 2016, Deutsche Bank (DB) upgraded Coeur Mining (CDE) from “sell” to “hold.” The firm also increased its target price from $7.50 to $11.
Which Silver Miners Offer a Valuation Upside?
Coeur d’Alene Mines (CDE) is trading at a forward EV-to-EBITDA of 7.6x, which is lower than the average peer multiple of 8.3x.
What Made Coeur Mining Change Its Production Guidance?
Coeur Mining (CDE) achieved a quarterly silver equivalent production of 8.9 million SEO (silver equivalent ounces) in 2Q17.
Understanding the Debt Repaying Capacities of Silver Miners
High debt isn’t always bad if a company has the capacity to pay back its debt with its earnings.
How the Ratings and Potential Upsides for Silver Miners Look Today
The performances of precious metal miners with substantial exposure to silver have been disappointing in 2017. As a group, they’ve returned just 0.9% YTD.
The Market Sentiment for Coeur Mining as 4Q17 Begins
CDE stock has risen 2.6% year-to-date. However, during the same period, silver prices gained 4.7% and the Global X Silver Miners ETF (SIL) rose 5.5%.
Which Silver Miners Can Provide Free Cash Flow Upside Going Forward?
Free cash flow The generation of FCF (free cash flow) is important for precious metal mining companies (RING) (SIL). It helps them invest in projects that can drive long-term value, optimize their financial leverage, and provide shareholder returns. Silver mining companies are constantly trying to reduce their costs and capital expenditures in order to generate FCF. Hecla […]
Analyzing the Correlation Trends of Miners in May 2017
Over the past three years, Yamana has seen a rising correlation with gold, while AngloGold has seen a falling correlation to gold.
Understanding the Long-Term Growth Drivers for Silver Miners
After years of cutting back on sustained capital expenditure, silver miners—like their gold mining peers—have started to refocus on production growth.
Analyzing Silver Miners’ Relative Valuations
Precious metals miners with substantial exposure to silver are usually classified as silver miners.
Which Silver Miners Need to Get into Better Financial Shape?
While precious metal prices remained buoyant throughout 2016, miners are leaving no stone unturned in their mission to prune their balance sheets.
How Silver Prices Are Influencing Major Silver Miners
Mining companies like First Majestic Silver (AG), Silver Wheaton (SLW), Pan American Silver (PASS), Coeur Mining (CDE), and Hecla Mining (HL) are primarily into silver exploration.
Which Silver Stock Is Analysts’ Favorite These Days?
Precious metal miners with substantial exposure to silver have also performed well year-to-date. Let’s take a closer look.
Why Analysts Love First Majestic Silver the Most
While First Majestic Silver (AG) has seen negative returns year-to-date (or YTD), it has outperformed the Silver Miners (SIL) Index.
Why Silver Miners’ Stock Performance Has Diverged in 2017
It’s important for investors to keep tabs on analysts’ recommendations and ratings, as they are market sentiment indicators. In this series, we’ll look at recommendations and ratings for silver miners.
Why Did Silver Outperform Gold in 2016?
While the last two months of 2016 chipped away a large part of the gains made by precious metals, silver outperformed gold on a yearly basis.
Which Silver Miners Cut Cost Guidance in 3Q16?
Cost discipline and low-cost assets are crucial for silver miners. They help miners navigate lower metal price environments while improving margins and FCF.
Which Silver Miners Offer Diversified Exposure to Commodities?
For investors considering silver stocks due to their leveraged exposure to silver prices, the higher the company’s revenues derived from silver, the better.
Silver Miner Production Growth: The Outlook for 4Q16
Hecla Mining (HL) recorded strong 67% silver production growth and 19% gold production growth YoY (year-over-year) in 3Q16.
These Silver Miners Keep Improving Costs
Hecla Mining (HL) reported AISC (all-in sustaining costs) of $9.97 per ounce in 2Q17, an impressive improvement of 22.0% over the same quarter last year.
Silver prices could break the support of $15.50 per ounce
Prices settled just above the important support level on March 9, 2016. The April futures for silver might test the next key support of $15.50 per ounce.
Technical Indicators in Silver: An Oversold Position in 2017?
Coeur Mining (CDE), Hecla Mining (HL), and Pan American Silver (PAAS) are trading 3.3, 7.9%, and 2.6%, respectively below their 50-day moving averages.
These Silver Miners Could Offer a Free Cash Flow Upside in 4Q16 and Beyond
FCF generation is vital for precious metal miners because it helps them invest in long-term value projects, optimize financial leverage, and offer returns.
How Has the Analyst Sentiment Changed for Silver Miners?
Among primary silver miners, Tahoe Resources (TAHO) seems to be an analyst favorite, with the highest “buy” ratings at 100% and no “sell” ratings.
What Put Coeur Mining in 2nd Place?
Right now, of the nine Wall Street analysts covering CDE stock, according to Thomson Reuters, 78% recommend a “buy,” while 22% recommend a “hold.”
Understanding Silver Miners’ Financial Leverage after 2Q17
As precious metal prices came under pressure after 2011, miners focused their attention on reducing their financial leverages.
Understanding Mining Companies’ Correlation to Gold
Precious metal mining shares that have a high correlation with gold include Agnico-Eagle Mines, Alamos Gold, Hecla Mining, and Randgold Resources.
How Closely Are Miners Tracking the Precious Metals?
As the precious metals retreated on Friday after seeing gains over the past one week, the negative sentiment also affected the mining equities.
How Silver Mining Companies Are Performing
The current turmoil in the stock markets has hurt most market participants. Investors are thus opting for safer investments like gold and silver.
US Dollar Rises, Gold Falls on Bullish Data
Gold and the US dollar have witnessed an almost inverse relationship over the past few years. The other precious metals have a similar inverse relationship to the US dollar.
Gold Lost Its Sheen as FBI Cleared Clinton in Email Probe
On November 6, 2016, the FBI cleared Hillary Clinton of criminal charges related to the handling of classified information on her private server.
What’s Affecting Precious Metal Miners in April 2017?
As of April 5, 2017, the volatilities of Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold (EGO), and IAMGOLD (IAG) were 45.6%, 41.9%, 50.5%, and 47.8%, respectively.
Will Silver Miners’ Multiples Expand after a Long Dry Spell?
On November 14, 2018, Pan American Silver announced that it was buying Tahoe Resources in a $1.07 billion cash and stock deal.
Which Silver Miners Look Primed for a Rebound after a Dry Spell?
Of all the major silver stocks, Tahoe Resources (TAHO) is trading at the lowest forward EV-to-EBITDA (enterprise value-to-EBITDA) multiple of 3.3x.
Why Execution on Growth Projects Will Be Key for IAMGOLD Stock
CEO Steve Letwin stated during IAMGOLD’s third-quarter earnings call that it’s focused on becoming a low-cost producer.
Why Coeur Mining Has Climbed the Ranks among Analysts
Year-to-date, Coeur Mining (CDE) has almost matched the performance of the Silver Miners Index (SIL) with losses of 25%.
What’s Baked into Analysts’ Pan American Silver Ratings?
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD.
Why Analysts Are Optimistic about Coeur Mining
On a YTD basis, Coeur Mining (CDE) has almost matched the performance of the Silver Miners’ Index (SIL) with losses of 27.1%.
How Do Analysts Rate Silver Miners?
In 2018 so far, silver prices have significantly underperformed gold prices.
What’s the Correlation of Miners in 2018?
The revival in precious metals on Friday caused a rebound in miners. But the fall on Monday again caused mining stocks to plummet.
What’s the Impact of Interest Rates on Precious Metals?
Monetary policies have been crucial in determining the movement in precious metals.
Why Tahoe Resources Has Lost Favor with Analysts
YTD, Tahoe Resources (TAHO) has risen 3.5%. Its “buy” ratings are only better than Hecla Mining (HL).
Why Analysts’ Ratings for Pan American Silver Have Improved
Pan American Silver (PAAS) stock has outperformed its peers as well as silver prices YTD (year-to-date). As of June 26, it has risen 12.7%.
Why Analysts Like First Majestic Silver the Most
First Majestic Silver (AG) is one of the few silver miners (SIL) to have a double-digit return YTD. Its stock has risen 10.8% as of June 26.
Analyzing Analysts’ Love-Hate Relationship with Silver Stocks
The five silver miners we’ll be discussing in this series have broadly outperformed silver prices and the silver miners’ index YTD.
Can We Establish a Relationship between Gold and the SPX Index?
The correlation between gold and the S&P 500 (SPX) is 0.18 on a year-to-date basis.
How Economic Numbers and the US Dollar Downplayed Precious Metals
Before the Fed’s minutes were released on May 23, gold was trading lower due to the increased pressure from the surging US dollar.
US Dollar at a 5-Month High, Gold at 5-Month Low
Besides overall market volatility, the most important determinant of precious metal prices, especially gold’s (IAU) (SLV), is the US dollar.
Are Analysts Optimistic about Miners?
Despite the ongoing slump in the precious metals market, it seems that there could be hope going forward.
Silver: The Second-Favorite Metal
With continuing downward sentiment in precious metals, it’s important to look at what large traders and hedge funds are doing with their positions in metals.
A Look at the Technicals of Miners in May
In the last month, Yamana Gold and Anglo Ashanti fell 3.1% and 7.7%, respectively, while Barrick Gold and Hecla Mining rose 0.15% and 4.0%.
Can Silver Miners Rebound in 2018 after a Long Dry Spell?
In 2018, the iShares Silver Funds ETF (SLV), which tracks spot silver prices, has fallen 2.8%, while the Silver Miners’ Index (SIL) has fallen 5.5%.
The Most Crucial Determinant of Gold Prices
Another crucial factor behind precious metals’ rise was the US dollar index, which fell 0.42% on May 10.
How Are Miners’ Correlations Moving in May?
In this part of the series, we’ll look at the correlation between gold and four mining stocks.
A Quick Look at the Technicals of the 4 Precious Metals
Gold’s price dipped 0.13% to $1,312.8 per ounce on May 9. The fall in gold was extended for a number of reasons.
Are Mining Shares Closely Tracking Precious Metals?
Precious metals seem to be in the doldrums over the strength of the dollar and the Fed’s decision to raise interest rates.
Reading the Mining Stocks’ Technicals on May 2
ABX, HL, EGO, and IAG have implied volatilities of 26.3%, 43.5%, 60.4%, and 40.1%, respectively.
A Quick Look at the Relationship between Gold and Silver
Though gold and silver are the top two haven precious metals and tend to move in tandem, 2018 has been a little surprising.
How Upswing in US Dollar Is Affecting Precious Metals
The correlation between gold and the dollar since the beginning of 2018 is -0.85.
Gold and Dollar Moved Together on Wednesday
A crucial factor that continues to affect gold is the US dollar.
A Look at Miners’ Volatility in April 2018
The recent unrest in the markets has had a significant effect on precious metals and mining companies.
Will Currency Wars Move the US Dollar after Trade War Concerns?
Yesterday, Donald Trump accused Russia and China of devaluing their currencies. Trump tweeted that China and Russia are playing “the currency devaluation game as the U.S. keeps raising interest rates. Not acceptable!”
Finger on the Pulse: Miners’ Correlation in April so Far
In this part of our series, we’ll analyze the correlation between gold and four mining stocks: Hecla Mining (HL), Kinross Gold (KGC), Eldorado Gold, (KGC), and Alacer Gold (ASR).
Factors that Could Pressure the US Dollar and Benefit Gold
Goldcorp (GG), Randgold Resources (GOLD), Hecla Mining (HL), and Franco-Nevada (FNV) are trading at $13.30, $101.70, $3.55, and $68.16, respectively.
How Are Miners Correlated to Gold in 2018?
This year, AngloGold has shown the highest correlation with gold, while Hecla Mining has shown the lowest correlation.
Comparing Mining Stocks’ Correlation with Gold
Mining stocks tend to move with gold prices. In this part, we’ll analyze the correlation between gold and four mining stocks.
Is the Analyst Sentiment for Hecla Mining Improving?
Out of all the silver miners (SIL) under discussion in this series, Hecla Mining (HL) has among the fewest “buy” ratings.
Can Coeur Mining’s Outperformance Continue in 2018?
Coeur Mining’s (CDE) YTD (year-to-date) operational performance has been strong. Among major silver miners, it has given the highest return.
How US Dollar and Equities Are Affecting Gold
Besides interest rate hikes, some other crucial factors affecting gold are the fluctuations in the US dollar and equity movements.
A Trend Reading of Miners’ Correlations to Gold
Mining stocks’ correlation with gold is crucial since gold is the big brother of precious metals.
How Silver Miners Have Performed in March 2018
On March 6, all four precious metals had an up day, which also led to gains for miners.
Economic Strength Isn’t Boosting the US Dollar Rise—How It Affects Gold
The US Dollar Index averaged 96.6 in 2017. A Reuters poll estimates that the US Dollar Index could end this year at ~88.7.
Growth Catalysts for IAMGOLD in 2018 and Beyond
IAMGOLD (IAG) has many organic growth opportunities. It’s pursuing expansion opportunities at existing deposits and expects initial resource estimates at Monster Lake, Nelligan, and Eastern Borosi.
How Is the Volatility Index Impacting Gold?
Another critical factor that has been affecting the price movement of precious metals is overall market volatility.
Miners’ Correlations and How They’re Moving in February
On a YTD basis, AngloGold has a correlation of 0.96 to gold, while Agnico-Eagle Mines’ correlation is 0.80.
How Mining Stocks Are Moving with Their Technicals
Miners had a good start in 2018. However, they later faced a carnage, mainly due to the rising strength of the US dollar.
Tug-of-War: How Inflation and Interest Rates Are Pulling Gold
The better the economic forecast for the US, the sooner we could see more interest rate hikes.
A Look at Valuation Catalysts for Coeur Mining Stock in 2018
Coeur Mining (CDE) is trading at a forward EV-to-EBITDA (enterprise value to earnings before interest, tax, depreciation, and amortization) multiple of 7.9x.
A Look at Coeur Mining’s Production Guidance for 2018
Coeur Mining (CDE) reported a record quarterly silver equivalent production of 11.7 million ounces in 4Q17.
Analyzing Miners’ Correlations with Gold in January 2018
In this part of the series, we’ll analyze the correlations of the movements of a group of mining stocks with gold.
A Brief Analysis of the Gold-Silver Spread in January 2018
A quick look at the relationship between the two core precious metals, gold and silver, could also be helpful in the analysis of the overall precious metals market.
What Miners’ Moving Averages Indicate
NGD and HL are both trading below their longer-term 100-day moving averages.
A Brief Analysis of Silver Miners in January 2018
The target prices of the four miners we’re covering in this part are higher than their current trading prices, which could lead to an optimistic outlook on their prices.
A Look at Miners’ Correlation Trends
AngloGold Ashanti has seen the highest correlation to gold in the past year, while Eldorado Gold has seen the lowest correlation.
Correlation Reading of Miners and Funds in the Last 3 Years
During the past year, IamGold has seen the highest correlation to gold, while Eldorado Gold has the lowest correlation.
Will Gold Maintain Its Close Correlation to Inflation?
The rise in inflation could be a positive sign for the current scenario.
What Direction Is the Correlation of Miners Headed?
On a year-to-date basis, AngloGold has seen the highest correlation to gold, while Cia De Minas has the lowest year-to-date correlation.
A Quick Look at the Performance of Silver Miners in December 2017
Coeur Mining and Hecla Mining have seen a loss in their prices on a year-to-date basis, falling 17.9% and 24.0%, respectively.
Miners: Analyzing Core Indicators for Investors
A brief analysis of mining stocks is crucial when investors are parking their money in the precious metals market, specifically in mining companies.