Precious Metals Prices Take Significant Hits
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 10 2026
0mins
Source: NASDAQ.COM
- Employment Data Impact: The latest U.S. non-farm employment statistics revealed 172,000 new jobs created, significantly exceeding Dow Jones estimates, which has raised expectations for the Federal Reserve to maintain or increase interest rates, thereby putting pressure on precious metal prices.
- Hecla Mining Stock Decline: As the largest primary silver miner in North America, Hecla Mining's shares fell nearly 3% during Tuesday's trading, reflecting market concerns over the continued weakness in precious metal prices, particularly given the company's high fixed costs.
- Investor Sentiment Shift: The strong employment data raises inflation concerns, diminishing the appeal of non-yielding assets like precious metals, leading to reduced investor interest in Hecla and other precious metal mining companies, creating an unfavorable market environment.
- Cautious Market Outlook: Despite precious metals having experienced a bull run and reaching all-time highs, analysts recommend caution regarding Hecla Mining's stock due to ongoing geopolitical tensions and economic uncertainties.
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Analyst Views on HL
Wall Street analysts forecast HL stock price to rise
7 Analyst Rating
2 Buy
4 Hold
1 Sell
Hold
Current: 16.060
Low
16.00
Averages
23.93
High
36.50
Current: 16.060
Low
16.00
Averages
23.93
High
36.50
About HL
Hecla Mining Company is a silver producer in the United States and Canada. It discovers, acquires and develops mines and other mineral interests and produces and markets concentrates containing silver, gold, lead, zinc and copper; carbon material containing silver and gold, and unrefined dore containing silver and gold. Its segments include Greens Creek, Lucky Friday, and Keno Hill. Greens Creek operation is located on Admiralty Island, near Juneau, Alaska. The Greens Creek property includes over 440 unpatented lode mining claims, 58 unpatented mill site claims, 21 patented lode claims and one patented mill site. Lucky Friday mine is a deep underground silver, lead, and zinc mine located in the Coeur d'Alene Mining District in northern Idaho. The Keno Hill unit is located in the central Yukon Territory, Canada, and covers an area of approximately 15,000 hectares in central Yukon. The total Hecla Keno Hill mineral claims cover an area of approximately 238.12 square kilometers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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