On August 19, Hecla Mining rose 6.24% in regular trading, trading at $19.22/share, with turnover of $31.72 million. The rally was driven by favorable U.S. inflation data that eased monetary tightening concerns across the precious metals sector.
On the macro front, U.S. July CPI fell to 3.4% year-over-year while PPI declined to 4.7%, significantly weakening expectations for a September rate hike. The probability of a 25bp increase dropped from 44.4% to 33.1%, providing broad support for precious metals. Silver mining stocks rallied collectively, with Endeavour Silver up 8.13%, First Majestic Silver up 7.77%, Aya Gold & Silver up 7.28%, Silvercorp Metals up 6.07%, and Vizsla Silver up 5.06%.
Hecla Mining had declined 5.07% on August 18 amid a sector-wide selloff, compounded by Q2 EPS of $0.17 missing analyst estimates of $0.18-$0.21 and revenue of $333.9 million falling short of the $368.8 million consensus. The current rebound reflects both macro-driven tailwinds and technical recovery from the prior session's decline.
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