Hecla Mining Co (NYSE: HL) has reported a loss for its first fiscal quarter (ending March 31) of $-0.01 versus a loss $-0.01 for the same period a year ago. This result fell short of the consensus estimate of $0.06 by $-0.07. For the latest four quarters through March 31, E.P.S. were $-0.15 versus $-0.09 for the same period a year ago.
Recent Price Action
Hecla Mining Co (NYSE: HL) stock closed at $4.91 on 5/8/24 after a modest decline of -1.6%. Trading volume in this decline was normal. The stock has risen 3.8% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, HL is expected to continue to be a modest Value Builder.
Hecla Mining has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. Hecla Mining has a slightly negative Appreciation Score of 36 but a slightly positive Power Rating of 65, triggering the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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