Hecla Mining Company (HL - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, trading within a volatile range of $3.22-$3.73 in the past one-month time frame, showed a sharp increase yesterday.
The move came after the company has completed the buyout of Klondex Mines Ltd.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Hecla Mining currently has a Zacks Rank #4 (Sell), while its Earnings ESP is 0.00%.
A better-ranked stock in the Mining - Silver industry is Fortuna Silver Mines Inc. (FSM - Free Report) , which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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