Hecla Mining (HL) Jumps to Decades High as Rate Cut Sparks Rosy Prospects

We recently published 10 Firms Stealing the Spotlight; 4 Are Climbing to Record Highs. Hecla Mining Co. (NYSE:HL) is one of the best performers on Thursday.

Hecla Mining extended its winning streak to a third consecutive day on Thursday, to hit its highest price in nearly four decades, as investors took heart from the Federal Reserve’s interest rate cut.

At intra-day trading, the stock surged to its highest price of $19.67 before paring gains to finish the day just up by 12.57 percent at $19.35 apiece. The last time it touched the said level was in September 1987, when it closed at $19.63 apiece.

The rally was bolstered by the US central bank’s decision to slash the benchmark rates by 25 basis points, marking the third cut for the year.

Hecla Mining Co. (NYSE:HL)—one of the largest silver producers in North America—stands to benefit from the rate cut, as lower interest rates typically weaken the US dollar, thus much cheaper for foreign investors to buy precious metals such as silver and gold.

In other news, the S&P Dow Jones Indices announced on Monday that it added Hecla Mining Co. (NYSE:HL) to the S&P MidCap 400 Index. The recomposition would take effect on December 22, 2025.

The S&P MidCap 400 is designed to measure the performance of a subset of US equities with market capitalizations between $8 billion and $22.7 billion, providing Hecla Mining Co. (NYSE:HL) more exposure to the investing community.

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