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The Attractiveness of Investing In Hecla Mining Co. (HL) is Growing

Hecla Mining Co.’s recently made public that its Sr. VP & CAO Clary Michael L. unloaded Company’s shares for reported $0.15 million on Jun 25 ’24. In the deal valued at $4.91 per share,30,634 shares were sold. As a result of this transaction, Clary Michael L. now holds 351,972 shares worth roughly $1.98 million.

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Then, Brown Robert Denis sold 24,792 shares, generating $121,605 in total proceeds. Upon selling the shares at $4.91, the VP – Corp. Develop & Sustain. now owns 607,649 shares.

Before that, Sienko David C sold 14,559 shares. Hecla Mining Co. shares valued at $71,412 were divested by the VP – General Counsel at a price of $4.91 per share. As a result of the transaction, Sienko David C now holds 996,123 shares, worth roughly $5.61 million.

ROTH MKM upgraded its Hecla Mining Co. [HL] rating to a Buy from a a Neutral in a research note published on October 13, 2023; the price target was increased to $4.40 from $4. National Bank Financial began covering HL with “an Outperform” recommendation on June 28, 2023. Cantor Fitzgerald revised its rating on May 12, 2023. It rated HL as “a Hold” which previously was an “a Buy”.

Price Performance Review of HL

On Tuesday, Hecla Mining Co. [NYSE:HL] saw its stock jump 0.54% to $5.63. Over the last five days, the stock has lost -5.22%. Hecla Mining Co. shares have risen nearly 17.10% since the year began. Nevertheless, the stocks have risen 1.05% over the past one year. While a 52-week high of $6.35 was reached on 07/17/24, a 52-week low of $3.33 was recorded on 02/13/24. SMA at 50 days reached $5.55, while 200 days put it at $4.73. A total of 6.23 million shares were traded, compared to the trading of 6.72 million shares in the previous session.

Levels Of Support And Resistance For HL Stock

The 24-hour chart illustrates a support level at 5.53, which if violated will result in even more drops to 5.44. On the upside, there is a resistance level at 5.72. A further resistance level may holdings at 5.82. The Relative Strength Index (RSI) on the 14-day chart is 50.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.90%. Stochastics%K at 27.99% indicates the stock is a holding.

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