Most Silver Stocks Declining In 2012 – (CDE, PAAS, EXK, SSRI, HL)

  on Jul 09,2012 Posted in Business News ,Finance
 
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Silver prices in June suffered new 19-month lows as both industrial and investment demand for the precious metal has slowed. The Federal Reserve decision to not pursue hostile stimulus measures caused a drop in investment demand for alternative investments such as gold and silver. Barclays’ Suki Cooper had issued a note saying that as silver industrial demand slows down and investment demand worsens, it is the precious metal most vulnerable on the downside.

Almost all stocks in this industry are down this year. Among them, YPF SA (ADR) (NYSE:YPF) has been one of the worst performers in 2012 with a year-to-date performance of -64.39%. The stock, as of last close, traded 21.92% up from its 52 week low and was 72.20% behind its 52 week high.

Its latest closing price was -55.48% down from the SMA200 while the distance from SMA 50 and SMA 20 was -5.09% and +6.90% respectively. YPF an energy company, engages in the exploration, development, and production of crude oil, natural gas, and liquefied petroleum gas (LPG) in Argentina.

The second worst performing stock Coeur d’Alene Mines Corporation (NYSE:CD) has a performance down -29.83%. Its price, as of the latest close, was up 4.50% compared with the 52 week low and was 45.34% below the 52 week high.

The stock’s latest closing price was -28.75% down from an average-price of 200 days while it kept its distance from the SMA 50 at -7.96% and -6.63% compared with the SMA 20. CD together with its subsidiaries, engages in the ownership, operation, exploration, and development of silver.

Pan American Silver Corp. (USA) (NASDAQ:PAAS) explores, develops, and operates silver producing properties and assets. Pan American Silver Corp so far this year has moved down -27.29% and its monthly performance stands at -15.01%. The stock was 6.97% up compared with the 52 week low and was 53.96% below the 52 week high.

Its latest closing price was -29.70% down from an average-price of 200 days while it kept its distance from the SMA 50 at -9.10% and -10.45% compared with the SMA 20.

Endeavour Silver Corp. (CAN) (NYSE:EXK) has shown a downtrend of -15.76% this year with a monthly performance of -15.67% and 3-month performance down -9.51%. Its latest closing price was -16.93% down from an average-price of 200 days while it maintained a distance from the SMA 50 at -6.818% and -8.41% compared with the SMA 20.

The stock was up 12.83% compared with the 52 week low and was 37.56% above the 52 week high. EXK a mid-cap silver mining company, focuses on the growth of its silver production, reserves, and resources in Mexico and Chile.

Silver Standard Resources Inc. (USA) (NASDAQ:SSRI) so far this year has moved down -15.27% and its monthly performance stands at -7.87%. The stock was 16.40% up compared with the 52 week low and was 63.12% below the 52 week high. Its latest closing price was -22.37% down from an average-price of 200 days while it kept its distance from the SMA 50 at -3.13% and -3.04% compared with the SMA 20.

SSRI engages in the acquisition, exploration, development, and operation of silver-dominant resource properties principally in the Americas.

Hecla Mining Company (NYSE:HL) together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metals worldwide. Hecla Mining Company so far this year has moved down -10.40% and its monthly performance stands at -0.21%. The stock was 26.35% up compared with the 52 week low and was 45.66% below the 52 week high.

Its latest closing price was -8.45% down from an average-price of 200 days while it kept its distance from the SMA 50 at +6.31% and -0.69% compared with the SMA 20.

 



 

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