Hecla Mining Company (HL) has risen sharply, recording gains of 12.29% in the past 4 weeks. However, the stock has corrected -3.29% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 11.86% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Hecla Mining Co. is up 59.55% in the last 3-month period. Year-to-Date the stock performance stands at 258.34%. The stock has recorded a 20-day Moving Average of 2% and the 50-Day Moving Average is 16.64%.
Hecla Mining Company (NYSE:HL): The stock opened at $6.95 on Friday but the bulls could not build on the opening and the stock topped out at $6.98 for the day. The stock traded down to $6.74 during the day, due to lack of any buying support eventually closed down at $6.76 with a loss of -4.89% for the day. The stock had closed at $7.11 on the previous day. The total traded volume was 12,900,943 shares.
Also, In the latest statement by the brokerage house, JP Morgan upgrades its outlook on Hecla Mining Company (NYSE:HL). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The rating by the firm was issued on August 9, 2016.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idahos Silver Valley, which is located in Coeur dAlene Mining District; Greens Creek unit on Alaskas Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition, the Company owns Rock Creek Project, a silver and copper deposit, which is located in North America.