Overall market sentiment has been high on Hecla Mining Company (HL) stock lately. HL receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.
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?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HL Stock Today?
Hecla Mining Company (HL) stock has fallen -0.79% while the S&P 500 is up 0.65% as of 1:50 PM on Friday, Oct 15. HL is down -$0.04 from the previous closing price of $5.68 on volume of 3,513,361 shares. Over the past year the S&P 500 is higher by 28.05% while HL is up 3.30%. HL earned $0.06 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 90.23.
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More About Hecla Mining Company
Hecla Mining Co produces and explores 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, the San Sebastian unit, and the Nevada Operations unit.
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