Geopolitics Alpha

Mining Stocks: Raising Fair Values as Copper Hits Historic Highs

Published . Updated .

Mining Stocks: Raising Fair Values as Copper Hits Historic Highs Morningstar

Directly affected

  • MORN Morningstar

    Named in this report.

Indirectly affected

  • XLB Materials Select Sector SPDR

    A fund of materials companies

  • GLD SPDR Gold Shares

    Gold miners and the metal move together

  • FCX Freeport-McMoRan

    A large copper miner

  • NEM Newmont

    A large gold miner

  • HL HECLA MINING CO

    GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • MP MP MATERIALS CORP

    GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • RYAM RAYONIER ADVANCED MATERIALS

    GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • SCCO SOUTHERN COPPER CORP

    GA selected SCCO as a RELATED security because its canonical security name directly matches this event's themes: copper. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • ARIS ARIS MINING CORPORATION

    GA selected ARIS as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • CNL COLLECTIVE MINING LTD

    GA selected CNL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
MORN———————
XLB———————
GLD-1.32%-2.27%—-0.63%-0.76%-2.24%-0.50%
FCX-1.45%-2.48%—-0.57%-1.76%-5.54%-4.94%
NEM———————
HL-0.18%-3.96%—-1.23%-5.16%-12.63%-8.97%
MP———————
RYAM———————
SCCO———————
ARIS+1.36%-1.82%—-2.31%-2.42%-6.34%+0.12%
CNL+0.58%-2.91%—-1.08%-3.66%-9.41%-6.20%

Mining Stocks: Raising Fair Values as Copper Hits Historic Highs Morningstar

Source: Morningstar

Hecla Mining (HL)

CompanyWhenAverageLargest gainLargest dropPrices
Southern Copper Corp/ (SCCO)the next day-0.89%-0.89%-0.89%10
Southern Copper Corp/ (SCCO)three days later-3.64%-3.64%-3.64%10

Price since this story was published: Hecla Mining (HL)

Since the first closing price after “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs,” Hecla Mining (HL) is -7.07%. The S&P 500 fund (SPY) is -1.47% over the same days, a -5.61% difference versus the market.

CompanyWhenMoveStatus
Aris Mining (ARIS)that day-2.31%final price
Aris Mining (ARIS)the next day-2.42%final price
Aris Mining (ARIS)two days later-6.34%final price
Aris Mining (ARIS)three days later+0.12%final price
Aris Mining (ARIS)three days earlier-1.82%final price
Aris Mining (ARIS)five days earlier+1.36%final price
Collective Mining (CNL)that day-1.08%final price
Collective Mining (CNL)the next day-3.66%final price
Collective Mining (CNL)two days later-9.41%final price
Collective Mining (CNL)three days later-6.20%final price
Collective Mining (CNL)three days earlier-2.91%final price
Collective Mining (CNL)five days earlier+0.58%final price
FCXthat day-0.57%final price
FCXthe next day-1.76%final price
FCXtwo days later-5.54%final price
FCXthree days later-4.94%final price
FCXthree days earlier-2.48%final price
FCXfive days earlier-1.45%final price
GLDthat day-0.63%final price
GLDthe next day-0.76%final price
GLDtwo days later-2.24%final price
GLDthree days later-0.50%final price
GLDthree days earlier-2.27%final price
GLDfive days earlier-1.32%final price
Hecla Mining (HL)that day-1.23%final price
Hecla Mining (HL)the next day-5.16%final price
Hecla Mining (HL)two days later-12.63%final price
Hecla Mining (HL)three days later-8.97%final price
Hecla Mining (HL)three days earlier-3.96%final price
Hecla Mining (HL)five days earlier-0.18%final price
HL
SPY

Who gains and who loses around Hecla Mining (HL)

Companies carried with this story

  • HL Hecla Mining

    Hecla Mining (HL) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs.” Reason on file: GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • MP MP Materials Corp. / DE

    In “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs,” MP Materials Corp. / DE (MP) is linked, with no stored direction, medium confidence. Reason on file: GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • RYAM Rayonier Advanced Materials

    Rayonier Advanced Materials (RYAM) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs.” Reason on file: GA selected RYAM as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • SCCO Southern Copper Corp/

    In “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs,” Southern Copper Corp/ (SCCO) is linked, with no stored direction, medium confidence. Reason on file: GA selected SCCO as a RELATED security because its canonical security name directly matches this event's themes: copper. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • ARIS Aris Mining

    In “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs,” Aris Mining (ARIS) is linked, with no stored direction, medium confidence. Reason on file: GA selected ARIS as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • CNL Collective Mining

    Collective Mining (CNL) is linked, with no stored direction, medium confidence in the 12 Oct 2026 story “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs.” Reason on file: GA selected CNL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Hecla Mining (HL)

The 12 Oct 2026 story “Mining Stocks: Raising Fair Values as Copper Hits Historic Highs” names Hecla Mining (HL) because of this story.

The link for Hecla Mining (HL) is this: GA selected HL as a RELATED security because its canonical security name directly matches this event's themes: mining. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, MP Materials Corp. / DE (MP): GA selected MP as a RELATED security because its canonical security name directly matches this event's themes: materials. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Hecla Mining (HL), and the dates in the story

HL traded between 14.65 and 19.29 across 20 sessions. The latest close on file is 15.04. MP traded between 38.61 and 51.35 across 20 sessions. The latest close on file is 38.97. RYAM traded between 6.57 and 9.40 across 20 sessions. The latest close on file is 6.88.

What the saved facts support for Hecla Mining (HL)

46 out of 100

“Mining Stocks: Raising Fair Values as Copper Hits Historic Highs” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.