Why Hecla Mining Company (HL) Soared on Monday
We recently published a list of Why These 10 Firms Soared on Monday. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against other Monday's best performers.
The stock market kicked off the trading week on a negative note as investors sold off on a new round of uncertainties from President Donald Trump's tariff policies.
The Nasdaq fell by 0.74 percent, while the S&P 500 dropped 0.64 percent and the Dow Jones was down by 0.24 percent.
Over the weekend, Trump told reporters that the US was negotiating with many countries, 'but at the end of this, I'll set my own deals — because I set the deal, they don't set the deal.'
He added that he had no intentions to talk with Chinese President Xi Jinping, dampening hopes of a potential negotiation between the two of the world's largest economies.
Beyond the major indices, 10 companies stood out with strong gains amid a flurry of fresh developments. In this article, we name Monday's 10 best performers and detail the reasons behind their gains.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Why Hecla Mining Company (HL) Soared on Monday
Aerial view of a gold mine, with its winding roads and pits.
Hecla Mining Company (NYSE:HL)
Hecla Mining grew its share prices by 5.51 percent on Monday to close at $4.79 apiece as investors resorted to bargain-hunting following four straight days of decline, coupled with the surge in prices of precious metals.
As of this writing, spot prices of gold were up by 2.76 percent at $3,329.86 per ounce, while prices of Silver grew by 1.48 percent at $32.49 per ounce.
Hecla Mining Company (NYSE:HL) is an Idaho-based company specializing in silver and gold production.
In recent news, Hecla Mining Company (NYSE:HL) entered into an agreement with Dolly Varden Silver Corporation for the latter's plan to fully acquire the former's Kinskuch property for $5 million.
According to Dolly Varden, it would issue more than 1.3 million shares to Hecla Mining Company (NYSE:HL), while the latter would retain a 2-percent net smelter return royalty on the property for acquisition.
Overall, HL ranks 4th on our list of Monday's best performers. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.
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