Stock Markets Mixed in Europe, Asia Amid Fed Rate-Cut Hopes. Bond Yields Drop.
Written by Emily J. Thompson, Senior Investment Analyst
Source: MarketWatch
- Asian Markets and Europe: Asian markets rose while Europe opened lower after positive retail sales data and comments from Federal Reserve speakers raised hopes for earlier interest-rate cuts.
- Market Performance: Hang Seng Index in Hong Kong gained 2.7%, Nikkei in Japan closed 0.2% higher, but European markets like Germany's DAX, France's CAC 40, and the U.K.'s FTSE 100 slipped.
- Futures Trading: Futures for the Dow Jones Industrial Index and the S&P 500 showed little change, while Nasdaq futures were up by 0.2%.
Analyst Views on HL
Wall Street analysts forecast HL stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for HL is 15.42 USD with a low forecast of 12.00 USD and a high forecast of 19.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
2 Buy
3 Hold
1 Sell
Hold
Current: 31.290
Low
12.00
Averages
15.42
High
19.00
Current: 31.290
Low
12.00
Averages
15.42
High
19.00
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.
