Hecla Mining Company (NYSE:HL): Earnings Review on This Stock

As earnings reports continue to roll in, investors may be taking a closer look at companies that they own. Staying on top of the most recent releases may help investors figure out if the company is well-positioned for future success. Taking a look at some earnings projections, we note that the current quarter EPS consensus estimate for Hecla Mining Company (NYSE:HL) is 0.03. This EPS estimate consists of 4 sell-side analysts taken into consideration by Zacks Research. For the last reporting period, the company reported a quarterly EPS of 0.04. Sell-side analysts often provide their best researched estimates for what the company will report. These estimates carry a lot of weight on Wall Street and the investing community. When a company reports actual earnings results, the surprise factor may cause the stock price to fluctuate more than normal. Investors will often pay added attention to a company that has surpassed expectations by a wide margin.

One of the most basic ideas that goes along with the stock market is buy low and sell high. Although this advice is overly obvious, many new investors will do the exact opposite when trading stocks. Inexperienced investors have the tendency to buy stocks that have been performing the best recently. This may be caused by certain factors such as not looking into the underlying fundamentals or just hoping that the stock will continue to rise. Rookie investors may also make the error of holding onto shares that continue to drop in value. Instead of cutting the loser loose, they hold off with the hope that eventually the stock will at least get back to the breakeven point. 

Wall Street analysts often give buy/sell/hold ratings for the companies that they track. Investors have the ability to view these sell-side ratings in order to help with their own stock research. Analyst ratings may have different interpretations. According to analysts polled by Zacks Research, the current average broker rating on shares of Hecla Mining Company (NYSE:HL) is 2.5. This rating uses a scale between 1 and 5. Following this scale, a rating of 1 would represent a Strong Buy, and a rating of 5 would indicate a Strong Sell recommendation. Out of all these analysts offering ratings, 2 have rated the stock a Strong Buy or Buy, according to Zacks Research.

Shifting the focus to some possible support and resistance levels on shares of Hecla Mining Company (NYSE:HL), we note that the 52-week high is currently $6.72, and the 52-week low is currently $3.93. When shares are trading near to the 52-week high or 52-week low, investors may be watching for a break through either level. Investors may also be watching historical price action. Over the past 12 weeks, the stock has moved -20.93%. Going back to the start of the year, we can see that shares have moved -25%. Over the last 4 weeks, shares have seen a change of -24.57%. Over the last 5 trading days, the stock has moved -12.86%. Checking in on recent session activity, we have seen that the stock has been trading near the $3.93 mark.

Looking further at shares of Hecla Mining Company (NYSE:HL), we have noticed that the current consensus target price is $6.32. Wall Street analysts have the ability to create price target estimates for where they think the stock will be moving in the near-term. Because price target projections can differ from one analyst to the next, they may span a wide range of values. Many investors will closely track target prices, and they tend to pay extra close attention when analysts make revisions to those targets.

Investors might be looking to find some bargains to add to the portfolio as we move closer towards the end of the year. Maybe some of the earlier portfolio picks don’t look as promising as they did a few months ago. There might also be a few names that have fallen off a cliff and do not look they will be returning to previous levels. Investors may be searching for a few overlooked stocks that the rest of the investing community has passed on for whatever reason. Nobody knows for sure what the next couple of quarters have in store. As earnings season kicks off, investors will be closely following the companies that manage to beat expectations by a wide margin.

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