Bullish Hecla Mining Co. Surges Outpaces Silver Prices
Hecla Mining Co.’s (NYSE:HL) stock is up sharply this week despite lower silver prices after being upgraded by BMO Capital Markets. Does this represent a bottom in HL stock? Maybe.
Following a three-year slide, silver prices have rallied of late and are positive on the year. Since the beginning of October, silver prices has surged nearly eight percent—now closing in on $15.15 per ounce. While the 2.5% increase may not seem like much, analysts were calling for silver to touch a low of $13.00.
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