HECLA MINING - the time is now...

originally published Tuesday, December 12, 2023

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As the largest primary silver producer in the US it is clear that Hecla Mining should benefit greatly from a major new silver bullmarket and happily, as we have seen, that is what we can reasonably expect to see going forward.

It should thus come as no surprise to see on its 6-month chart below that Hecla last month staged a clear breakout from a fine Head-and-Shoulders bottom pattern. Having missed the breakout it was incumbent on us to wait until the first reaction back to support near to the top of the base pattern in order to buy it at a good price. That we have now seen with the reaction back of the past week or so and the appearance of a bullish looking candle on the chart yesterday at this support is thus a very encouraging sign.

Hecla Mining is thus rated a strong conservative buy here for all timeframes.

Hecla Mining website

Hecla Mining Co., HL, closed at $4.71 on 11th December 23.

Posted at 9.20 am EST on 12th December 23.

The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment or securities advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market technical analyst, Clive Maund is not a Registered Investment Advisor or Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks cannot be construed as a recommendation or solicitation to buy and sell securities.