Hecla Mining Company: A Golden Cross!

Hecla Mining has a market capitalisation of $1 billion and a P/E ratio of 19.53 with the companies stock trading at $8.66 as at the close of business yesterday.


We wish to draw your attention to the Hecla’s chart where we note that the 50dma is moving up towards the 200dma and could cross it. Also note the rally that Hecla experienced the last time that this happened. This scenario is sometimes referred to as the golden cross as it is viewed as very positive for the stock. So we will watch this silver miner over the next few weeks or so see if this crossover occurs and what if any effect it has on the stock price.









Hecla Mining Company trades on the NYSE under the symbol of HL.

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Comments

[Harold Rhea]

Why is silver preforming so poorly in view of gold's up swing. Should one sell silver and purchase more gold.

Thanks,

Harold Rhea

[Silver Prices]

Its a good question, our view is that in the long term we will make bigger profits in silver than we will in gold but its only our opinion so dont be put off by us.