Pricing of precious metals looks to have future uncertainty, as well as volatility, increasing from last week’s three currency devaluations, all by the People’s Bank of China. For example, the bank devalued the Yuan by 4.4%, which was the biggest dip in several decades. The Chinese goal was to increase the marketability of the currency.
China is a huge importer of metals, so if the Yuan is weaker then that makes importing costs of silver (as well as gold and platinum) go up. Here are how these three silver stocks are doing: Coeur Mining Inc (NYSE:CDE), Silver Wheaton Corp (USA) (NYSE:SLW), and Hecla Mining Company (NYSE:HL).
Coeur Mining Inc (NYSE:CDE) rose +3.36% by the end of its last close. That rise was in spite of a stock trading volume below its usual. Typically it trades at 2.73 million. Over the past 52 weeks, the stock has risen to a high of $8.53, with its low being at -54.28% over that same time. Over the last six months, the shares have dipped by -49.24%. At present time, the stock is trading at below its 50-day simple moving average by -22.00% and below its 200-day simple moving average by -28.02%.
As for Silver Wheaton Corp (USA) (NYSE:SLW), its share price has dipped in the last session of trade and the stock traded during that same session below its average volume. Over the past 52 weeks, its high has been at $26.64. Now the price per share is down -33.45% over the past three months. The volume of shares traded during the last session was 4.11 million shares with a -1.02% price loss. The SMA 50 is -12.81%, while the SMA 200 is -28.81%.
Hecla Mining Company (NYSE:HL) ended its last trading session at $2.17 a share. That figure is up +0.02 points, which is also +0.93% from its close the previous time. It is at a distance of +3.24% from the SMA 200. The ROE over the past 12 months is 0.40%, realized due to the financial situation, and EPS has growth to a $0.02 value. Over the fiscal year, investors have received $0.01 in the form of dividends. Over the next five years, the projection is for an increase of 1.00% for earnings.