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HECLA MINING COHECLA MINING COHECLA MINING CO

HECLA MINING CO

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HLMI trade ideas

$HL Golden Cross in Hecla MiningHecla Mining Co. operates as a silver and gold producer. It produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, Nevada Operations and San Sebastian. The Greens Creek segment is located on Admiralty Island, Junea, Alaska. The Lucky Friday segment is located in northern Idaho. The Casa Berardi segment is located in the Abitibi region of northwestern Quebec, Canada and is operated by Aurizon. The San Sebastian segment is located in the state of Durango, Mexico and contains underground mines. The company was founded by Amasa B. Campbell, Patsy Clark and John Finch on October 14, 1891 and is headquartered in Coeur d'Alene, ID.
NYSE:HLLong
by Bullishcharts
Hecla Mining (HL) - Falling Wedge Reversal? TL;DR: Wait for falling wedge on monthly to resolve, look for opportunity to enter a long position on HL to gain exposure to gold mining industry With the recent uptick in gold prices, attention will obviously shift towards gold miners and other equities involved in the gold space, Hecla Mining (HL) is one such equity. As you can see from the chart a falling wedge pattern (typically observed as a reversal pattern), has formed on the monthly time frame of HL, whilst i believe that Gold is due for some consolidation after it's recent move, HL may be providing a good opportunity to gain exposure to the market move (i believe) to come. Historically, HL has held support at, or around $1-$1.50 USD for the past 20 years or so, whilst this is no guarantee! It does speak to the resilience of this stock to fall substantially below this level. HL also seems to lag the gold price rises, thus giving investors ample opportunity to enter a position, without having to chase the golden bull after it has bolted. Should HL see a move higher in the coming months, $4.00 USD would be my initial target.
NYSE:HLLong
by Profit_Link