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ROTH MKM analysts upgrades a Buy rating for Hecla Mining Co. (HL)

Hecla Mining Co.’s recently made public that its VP-Operations Aguiar Rodriguez Carlos Robert acquired Company’s shares for reported $34.0 on Oct 02 ’24. In the deal valued at $6.76 per share,5 shares were bought. As a result of this transaction, Aguiar Rodriguez Carlos Robert now holds 197,359 shares worth roughly $1.31 million.

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Then, Allen Kurt sold 108,612 shares, generating $734,988 in total proceeds. Upon selling the shares at $6.77, the VP-Exploration now owns 173,700 shares.

Before that, Absolom Stuart Maurice sold 4,499 shares. Hecla Mining Co. shares valued at $22,068 were divested by the VP – Principal Acctg. Officer at a price of $4.91 per share. As a result of the transaction, Absolom Stuart Maurice now holds 69,036 shares, worth roughly $0.46 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 Friday, Hecla Mining Co. [NYSE:HL] saw its stock jump 0.15% to $6.63. Over the last five days, the stock has gained 0.45%. Hecla Mining Co. shares have risen nearly 37.90% since the year began. Nevertheless, the stocks have risen 68.86% over the past one year. While a 52-week high of $7.40 was reached on 09/26/24, a 52-week low of $3.33 was recorded on 02/13/24. SMA at 50 days reached $6.06, while 200 days put it at $5.14.

Levels Of Support And Resistance For HL Stock

The 24-hour chart illustrates a support level at 6.57, which if violated will result in even more drops to 6.51. On the upside, there is a resistance level at 6.74. A further resistance level may holdings at 6.86. The Relative Strength Index (RSI) on the 14-day chart is 54.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.96%. Stochastics %K at 24.93% indicates the stock is a holding.

How much short interest is there in Hecla Mining Co.?

A steep rise in short interest was recorded in Hecla Mining Co. stocks on 2024-09-30, growing by 4.22 million shares to a total of 17.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.34 million shares. There was a rise of 24.02%, which implies that there is a positive sentiment for the stock.

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