Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 13 2024
0mins
Should l Buy HL?
Source: Benzinga
Silver Mining Stocks Surge: Silver mining stocks have achieved their best weekly performance in over four years, driven by rising gold prices, anticipated Federal Reserve interest rate cuts, and a significant global silver supply shortage, with several ETFs reporting substantial gains.
Growing Supply Deficit: A Silver Institute survey indicates a projected supply deficit of 265 million ounces for 2023, with industrial demand expected to rise significantly, further pushing silver prices upward amidst expectations of Fed rate cuts and favorable market conditions.
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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: 17.810
Low
16.00
Averages
23.93
High
36.50
Current: 17.810
Low
16.00
Averages
23.93
High
36.50
About HL
Hecla Mining Company is a silver producer in the United States and Canada. The Company 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. The Company's segments include Greens Creek, Lucky Friday, Keno Hill and Casa Berardi. The Greens Creek operation is located on Admiralty Island, near Juneau, Alaska. The Greens Creek ore body contains silver, zinc, gold and lead. The Lucky Friday mine is a deep underground silver, lead, and zinc mine located in the Coeur d’Alene Mining District in northern Idaho. The Casa Berardi mine is an underground/open-pit gold mine located in western Quebec. It owns 100% of the Keno Hill Silver Project, which is located within the Keno Hill Silver District in Canada’s Yukon Territory. The Company also owns a number of exploration and pre-development projects.
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.
Silver Prices Volatile, Mining Stocks Show Divergent Performance
- Price Volatility: Silver prices surged past $100 per ounce at the start of 2023 but faced a steep decline by the end of January, followed by a corrective phase in February driven by profit-taking and increased volatility in commodity markets, resulting in a year-to-date decline of 2.19%.
- Market Performance: Despite closing in the red for 14 out of 20 trading sessions, silver remains above $65 per ounce compared to the same period last year, indicating a relatively strong market foundation and reflecting investor expectations for a potential price rebound.
- Mining Stock Performance: Andean Precious Metals (ANPMF) recorded the highest year-to-date loss at 36.01%, while First Majestic Silver (AG) gained 15.25%, illustrating the divergent responses of mining stocks to silver price fluctuations, which could influence investors' asset allocation strategies.
- Quant Rating Discrepancies: Among mining stocks, First Majestic Silver boasts a quant rating of 3.40, indicating its relatively strong market performance, whereas Andean Precious Metals has a lower quant rating of 4.92, reflecting the challenges it faces and a lack of investor confidence.
See More
Tradr ETFs Launches Four Leveraged ETFs for Sophisticated Investors
- First-to-Market ETFs: Tradr ETFs is set to launch four first-to-market single stock leveraged ETFs on March 24, 2026, targeting sophisticated investors looking for high-leverage investment opportunities, which is expected to attract investors sensitive to market volatility.
- ETF Product Details: The newly launched ETFs include the Tradr 2X Short AMZN Daily ETF (tracking Amazon), Tradr 2X Long AAOI Daily ETF (tracking Applied Optoelectronics), Tradr 2X Long HL Daily ETF (tracking Hecla Mining), and Tradr 2X Long IBM Daily ETF (tracking IBM), designed to deliver either 200% or -200% daily performance.
- Risk Warnings: These leveraged ETFs carry higher risks, and investors must understand the implications of leverage on returns, particularly during significant market fluctuations, which could lead to total loss of investment.
- Investor Targeting: Tradr ETFs are designed for professional traders seeking short-term trading opportunities, emphasizing the demand for high-conviction investment views while also reminding investors to actively monitor and manage their investments to mitigate potential market risks.
See More
Tradr ETFs to Launch Four Leveraged ETFs
- First-to-Market Strategy: Tradr ETFs announced the launch of four first-to-market leveraged ETFs on March 24, aimed at providing professional investors with two times the daily performance, catering to high-risk appetite investment needs.
- Investment Risk Advisory: These ETFs are designed for high-conviction investors, and due to their leveraged nature, investors may face total loss risks if the underlying security fluctuates more than 50%, highlighting the necessity for risk management.
- Short-Term Trading Tools: Tradr ETFs' leveraged ETFs are positioned as short-term trading vehicles, requiring investors to actively monitor their investments, as performance may significantly diverge from benchmarks, especially beyond specified reset periods.
- Market Liquidity Considerations: The trading price of ETFs may differ from net asset value (NAV), and there is no guarantee of sustained active trading markets, necessitating investors to consider trading commissions and costs associated with frequent trading.
See More
TRADR PREPARES TO INTRODUCE LEVERAGED ETFs FOR AMZN, AAOI, HL, AND IBM
Launch of Leveraged ETFs: The article discusses the introduction of leveraged exchange-traded funds (ETFs) by a trading firm, aimed at enhancing investment strategies.
Focus on Market Trends: It highlights the growing interest in leveraged ETFs among investors, particularly in volatile market conditions, as a way to amplify returns.
See More
ABRDN Physical Silver Shares ETF Gains 1%, Global X Silver Miners ETF Rises 4.1%, iShares Silver Trust Increases by 1.1%
Physical Silver Shares: Physical silver shares have seen a decrease of 1%.
Global X Silver Miners: Global X Silver Miners have experienced an increase of 4.1%.
ISHARES Silver Trust: ISHARES Silver Trust has reported a rise of 1.1%.
Market Trends: Overall trends indicate fluctuations in silver-related investments.
See More
Hecla Mining Rises 3.3%, Coeur Mining Increases 3.5%, Silvercorp Metals Gains 5%, Endeavour Silver Climbs 2.6%
- Hecla Mining: Increased by 3.3%.
- Coeur Mining: Increased by 3.5%.
- Silver Corp Metals: Increased by 5%.
- Endeavour Silver: Increased by 2.6%.
See More
Silver Prices Volatile, Mining Stocks Show Divergent Performance
- Price Volatility: Silver prices surged past $100 per ounce at the start of 2023 but faced a steep decline by the end of January, followed by a corrective phase in February driven by profit-taking and increased volatility in commodity markets, resulting in a year-to-date decline of 2.19%.
- Market Performance: Despite closing in the red for 14 out of 20 trading sessions, silver remains above $65 per ounce compared to the same period last year, indicating a relatively strong market foundation and reflecting investor expectations for a potential price rebound.
- Mining Stock Performance: Andean Precious Metals (ANPMF) recorded the highest year-to-date loss at 36.01%, while First Majestic Silver (AG) gained 15.25%, illustrating the divergent responses of mining stocks to silver price fluctuations, which could influence investors' asset allocation strategies.
- Quant Rating Discrepancies: Among mining stocks, First Majestic Silver boasts a quant rating of 3.40, indicating its relatively strong market performance, whereas Andean Precious Metals has a lower quant rating of 4.92, reflecting the challenges it faces and a lack of investor confidence.
See More
Tradr ETFs Launches Four Leveraged ETFs for Sophisticated Investors
- First-to-Market ETFs: Tradr ETFs is set to launch four first-to-market single stock leveraged ETFs on March 24, 2026, targeting sophisticated investors looking for high-leverage investment opportunities, which is expected to attract investors sensitive to market volatility.
- ETF Product Details: The newly launched ETFs include the Tradr 2X Short AMZN Daily ETF (tracking Amazon), Tradr 2X Long AAOI Daily ETF (tracking Applied Optoelectronics), Tradr 2X Long HL Daily ETF (tracking Hecla Mining), and Tradr 2X Long IBM Daily ETF (tracking IBM), designed to deliver either 200% or -200% daily performance.
- Risk Warnings: These leveraged ETFs carry higher risks, and investors must understand the implications of leverage on returns, particularly during significant market fluctuations, which could lead to total loss of investment.
- Investor Targeting: Tradr ETFs are designed for professional traders seeking short-term trading opportunities, emphasizing the demand for high-conviction investment views while also reminding investors to actively monitor and manage their investments to mitigate potential market risks.
See More
Tradr ETFs to Launch Four Leveraged ETFs
- First-to-Market Strategy: Tradr ETFs announced the launch of four first-to-market leveraged ETFs on March 24, aimed at providing professional investors with two times the daily performance, catering to high-risk appetite investment needs.
- Investment Risk Advisory: These ETFs are designed for high-conviction investors, and due to their leveraged nature, investors may face total loss risks if the underlying security fluctuates more than 50%, highlighting the necessity for risk management.
- Short-Term Trading Tools: Tradr ETFs' leveraged ETFs are positioned as short-term trading vehicles, requiring investors to actively monitor their investments, as performance may significantly diverge from benchmarks, especially beyond specified reset periods.
- Market Liquidity Considerations: The trading price of ETFs may differ from net asset value (NAV), and there is no guarantee of sustained active trading markets, necessitating investors to consider trading commissions and costs associated with frequent trading.
See More
TRADR PREPARES TO INTRODUCE LEVERAGED ETFs FOR AMZN, AAOI, HL, AND IBM
Launch of Leveraged ETFs: The article discusses the introduction of leveraged exchange-traded funds (ETFs) by a trading firm, aimed at enhancing investment strategies.
Focus on Market Trends: It highlights the growing interest in leveraged ETFs among investors, particularly in volatile market conditions, as a way to amplify returns.
See More
ABRDN Physical Silver Shares ETF Gains 1%, Global X Silver Miners ETF Rises 4.1%, iShares Silver Trust Increases by 1.1%
Physical Silver Shares: Physical silver shares have seen a decrease of 1%.
Global X Silver Miners: Global X Silver Miners have experienced an increase of 4.1%.
ISHARES Silver Trust: ISHARES Silver Trust has reported a rise of 1.1%.
Market Trends: Overall trends indicate fluctuations in silver-related investments.
See More
Hecla Mining Rises 3.3%, Coeur Mining Increases 3.5%, Silvercorp Metals Gains 5%, Endeavour Silver Climbs 2.6%
- Hecla Mining: Increased by 3.3%.
- Coeur Mining: Increased by 3.5%.
- Silver Corp Metals: Increased by 5%.
- Endeavour Silver: Increased by 2.6%.
See More
