Why Hecla Mining Company (HL) Crashed on Tuesday

We recently published an article titled Gold Miners Dominate Tuesday’s Worst-Performing Stocks. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against the other stocks.

Wall Street’s main indices bounced back from a bloodbath on Tuesday as investors gobbled up shares on hopes that the US-China trade tensions can subside.

The Dow Jones rallied by 2.66 percent, the S&P 500 rose by 2.51 percent, and the Nasdaq surged by 2.71 percent.

Despite a broader market optimism, 10 companies, predominantly gold miners, were heavily sold down amid lower gold prices.

To come up with the list, we considered only the stocks with more than $1 billion in market capitalization and $5 million in trading volume.

Aerial view of a gold mine, with its winding roads and pits.

Hecla Mining Company (NYSE:HL)

Hecla Mining Company (NYSE:HL) saw its share price drop by 4.88 percent to close at $5.65 apiece as investors sold off positions on gold mining stocks following the drop in gold prices.

As of this writing, spot prices of gold were at $3,340.94 per ounce, marking a drop from the $3,500 territory in the previous trading session.

Investors also shunned news that its Libby Exploration Project in Montana gained a priority status from the Trump administration.

As of March 18, Hecla Mining Company (NYSE:HL) said that the Libby project was part of the measures to advance critical mineral projects under Executive Order 14241, which aims to boost American mineral production.

“This priority status acknowledges the strategic importance of developing domestic silver and copper resources and should help streamline the remaining permitting process as we move toward a final Record of Decision,” said HL President and CEO Rob Krcmarov.

“Having a fully permitted project would add significant optionality to our portfolio, and this milestone positions us well for the future,” he added.

Overall HL ranks 6th on our list of Tuesday’s worst-performing stocks. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.

Disclosure: None. This article is originally published at Insider Monkey.