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Is it Time to Dump Hecla Mining Company (HL) Stock After it Has Gained 7.91% in a Week?

Monday, March 04, 2024 10:24 AM | InvestorsObserver Analysts

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Is it Time to Dump Hecla Mining Company (HL) Stock After it Has Gained 7.91% in a Week?

Overall market sentiment has been high on Hecla Mining Company (HL) stock lately. HL receives a Bullish rating from InvestorsObserver Stock 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?

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. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With HL Stock Today?

Hecla Mining Company (HL) stock has gained 2.96% while the S&P 500 has fallen -0.13% as of 10:24 AM on Monday, Mar 4. HL has risen $0.11 from the previous closing price of $3.71 on volume of 1,812,150 shares. Over the past year the S&P 500 has gained 26.73% while HL has fallen -29.26%. HL lost -$0.14 per share in the over the last 12 months. To see InvestorsObserver's Sentiment Score for Hecla Mining Company click here.

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. Click Here to get the full Stock Report for Hecla Mining Company stock.

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