HL - Why First Majestic Silver Endeavour Silver Hecla Mining and Coeur Mining Plummeted at the Open
Shares of precious metals miner First Majestic Silver (NYSE: AG) lost a quarter of their value at the open of trading on Feb. 2. Not too far behind was Endeavour Silver (NYSE: EXK) , with a 20% drop. Hecla Mining's (NYSE: HL) loss was a swift 19%. And Coeur Mining (NYSE: CDE) and Gatos Silver (NYSE: GATO) each dropped 18%.
This list was cherry-picked; there were a lot more silver mining names in the red. However, the stocks here suffered some of the steepest losses in the first hour or so of trading today. They truly highlight the risks when emotion overtakes facts on Wall Street, as has happened far too often lately.
Image source: Getty Images.
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Why First Majestic Silver, Endeavour Silver, Hecla Mining, and Coeur Mining Plummeted at the Open