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Why Hecla Mining Stock Zoomed 12% Higher Today

TheMotleyFool 
0 0 09.09.25
Why Hecla Mining Stock Zoomed 12% Higher Today: https://g.foolcdn.com/editorial/images/832545/two-people-smiling-and-shaking-hands-while-inside-a-mine.jpg
 

Hecla Mining (NYSE: HL) stock was quite a winner on Monday, but not because of anything the company extracted from the ground. Rather, investors piled into the mining company because of its ascension to a closely followed stock index. This boosted the company's share price by more than 12%, which made it quite the outperformer next to the S 500's (SNPINDEX: ^GSPC) 0.2% rise.

That news hit the headlines after market hours Friday, after being divulged in a press release from index company S Global. Every quarter S Global's S Dow Jones Indices unit makes adjustments to its slate of influential stock indexes, and Hecla was involved in the latest set of changes.

Image source: Getty Images.

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Source Fool.com

Dow Inc. Stock

€19.35
-1.270%
A loss of -1.270% shows a downward development for Dow Inc..

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