On 5/9/24, Hecla Mining Co (NYSE: HL) stock enjoyed a major increase of 11.4%, closing at $5.47. Moreover, this advance was accompanied by unusually high trading volume at 199% of normal. The stock has performed in line with the market over the last nine months and has risen 15.4% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HL is expected to continue to be a modest Value Builder.
Hecla Mining has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Hecla Mining has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 65, triggering the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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