As the US dollar weakens, the prices of industrial metals rise.
London copper futures prices have recently slightly increased, mainly due to the dual impact of the weakening of the US dollar and the expected reduction in production of Chinese smelters.
Huili: bullish on gold's performance in the second half of the year, a chance to buy in on a dip to $2300.
Zhao Shande said that from a technical perspective, any pullback to the strong resistance at $2300 can provide a good buying opportunity for investors, reflecting that gold has a certain defensive capability.
National Bank Maintains Hecla Mining(HL.US) With Buy Rating, Raises Target Price to $8
National Bank analyst Mike Parkin maintains $Hecla Mining(HL.US)$ with a buy rating, and adjusts the target price from $7 to $8.According to TipRanks data, the analyst has a success rate of 41.0%
"Rate cut trade" and "Trump trade" double blessing: Gold prices approach historic highs.
The market's expectation of a rate cut in September has pushed up the price of gold, while the failed assassination attempt on Trump has further boosted demand for metals as a safe haven.
MetalsFocus: The US dollar is expected to continue to remain strong, and precious metals prices may retreat moderately during the summer.
MetalsFocus pointed out that due to the interest rate differential still benefiting the US dollar, the US dollar is expected to continue to remain strong in the near future. In addition, considering the relatively fast rise in precious metal prices over the past three months, precious metal prices may experience a moderate pullback during the summer.
Ubs Group: Gold still has room for growth, but silver will perform better.
With the call for a rate cut growing louder, international gold prices have regained their upward momentum after a brief slump in the summer. UBS, which predicted that gold will rise to $2,700 next year, reiterated its bullish outlook on gold. However, UBS expects silver to outperform gold and have a greater potential to beat the market.
Express News | HC Wainwright & Co. Reiterates Buy on Hecla Mining, Maintains $10.25 Price Target
Hecla Mining Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/12/2024 76.72% HC Wainwright & Co. $10.25 → $10.25 Reiterates Buy → Buy 05/22/2024 29.31% CIBC $6.75 →
H.C. Wainwright Maintains Hecla Mining(HL.US) With Buy Rating, Maintains Target Price $10.25
H.C. Wainwright analyst Heiko Ihle maintains $Hecla Mining(HL.US)$ with a buy rating, and maintains the target price at $10.25.According to TipRanks data, the analyst has a success rate of 44.6% and
Hecla Mining Company: Strong Q2 Production Results and Positive Growth Outlook Justify Buy Rating
Express News | Hecla Mining Co - Recent Retirement of Former CEO Leads to Voluntary Dismissal by Plaintiffs
Hecla Mining's Silver Production Soars in 2024
Precious Metals Start a Rally After Soft US CPI Data – TDS
Precious metals rally started after below expected US inflation data hit the market. Asian demand for Gold (XAU/USD) and Silver (XAG/USD) goes up, TDS senior commodity strategist Ryan McKay notes.
Helca Mining Shares Are Trading Higher After the Company Announced a 10% Increase in Silver Production. Also, the Stock May Be Gaining Due to a Rise in Silver Following Softer-than-expected June CPI Figures.
Helca Mining Shares Are Trading Higher After the Company Announced a 10% Increase in Silver Production. Also, the Stock May Be Gaining Due to a Rise in Silver Following Softer-than-expected June CPI
Hecla Mining Reports 6% Increase in Q2 Silver Output
Hecla Mining (HL) said Wednesday it produced 4.5 million silver ounces in Q2, a 6% increase on a quarterly basis.The company also said it is on track to produce about 17 million silver ounces in 2024,
Hecla Mining Reports Preliminary Second-quarter Production
Express News | Reported Earlier, Hecla Mining Reports 10% Increase In Silver Production For Year-To-Date 2024
Tracking Hong Kong stock concepts | The Fed does not need to wait for inflation to fall below 2% before lowering interest rates. Gold prices will have further drivers in the future. (Attached concept stocks)
Continuing to stay ahead of the expected rate cut by the Federal Reserve, industry insiders say that the adjustment in gold prices may provide a good buying opportunity.
Express News | Hecla Mining Co - Qtrly Gold 37,324 Ounces, up 2%
Gold prices fell after investors took profit, ING said the gold rally will continue until the end of the year.
USA gold futures fell sharply on Monday as investors took profits. Last week, the price of gold rose sharply on expectations that the Federal Reserve might lower interest rates in September.