2 Mining Giants Bouncing Back After Safe Haven Selloff
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Precious metal stocks, including Newmont Corporation and Hecla Mining Co, are rebounding after a recent selloff. Newmont's stock rose 1.7% to $101.48, while Hecla's increased by 2% to $19.55. Newmont has seen a 172% year-to-date gain, recovering from a low of $36.86, and Hecla boasts a 296% gain, reaching an all-time high of $20.95. Short interest in Hecla has increased by 5.4%, and options on Newmont are currently affordably priced, as indicated by its Schaeffer's Volatility Index of 42%.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
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