HL - Why Shares of Hecla Mining Endeavour Silver and Pan American Silver Are Gaining Ground This Week
2023-07-14 11:00:00 ET
Silver stocks are looking a lot more lustrous in investors' eyes this week. Reporting strong production, Hecla Mining (NYSE: HL) and Endeavour Silver (NYSE: EXK) gave metals-minded investors something to cheer, while an analyst's more bullish opinion of the stocks also contributed to the market's enthusiasm. Pan American Silver (NYSE: PAAS) , on the other hand, didn't have specific company news to report. Instead, like Hecla Mining and Endeavour Silver, it benefited from the uptick in silver prices.
From the close of trading last Friday to the end of yesterday's trading session, shares of Hecla Mining have climbed 16.2%, while Endeavour Silver and Pan American Silver have soared 18% and 9.6%, respectively, according to data provided by S&P Global Market Intelligence .
In a second-quarter update, Hecla reported that in the first half of 2023, it achieved a 13% increase in silver production compared to the same period in 2022, while lead production and zinc production grew 9% and 3%, respectively.
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Why Shares of Hecla Mining, Endeavour Silver, and Pan American Silver Are Gaining Ground This Week