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How Will the Market React to Hecla Mining Company (HL) Stock Getting a Bullish Rating

Wednesday, August 05, 2020 12:27 PM | InvestorsObserver Analysts

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How Will the Market React to Hecla Mining Company (HL) Stock Getting a Bullish Rating

Hecla Mining Company (HL) stock is up 15.94% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Hecla Mining Company has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on HL!

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment.

Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor.

InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon.

The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With HL Stock Today?

Hecla Mining Company (HL) stock is trading at $6.40 as of 12:26 PM on Wednesday, Aug 5, a rise of $0.35, or 5.79% from the previous closing price of $6.05. The stock has traded between $6.24 and $6.65 so far today. Volume today is 10,777,071 compared to average volume of 12,782,559.

To see InvestorsObserver's Sentiment Score for Hecla Mining Company click here.

More About Hecla Mining Company

Hecla Mining Co produces and explores for silver, gold, lead, and zinc. Its main silver mines include Idaho-based Lucky Friday and Greens Creek in Alaska. Hecla acquired 100% of the Greens Creek from Rio Tinto in April 2008, after holding a 29% interest for 20 years. The acquisition doubled the company's silver production. The operating business segments are the Greens Creek unit, the Lucky Friday unit, the Casa Berardi unit, and the San Sebastian unit.

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