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Why Hecla Mining (HL) Could Be Positioned for a Surge

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Hecla Mining Co. (HL - Free Report) is a produces, and markets precious and base metal deposits that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HL’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Hecla Mining could be a solid choice for investors.

Current Quarter Estimates for HL

In the past 30 days, 2 estimates have gone higher for Hecla Mining while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 4 cents a share 30 days ago, to 5 cents today, a move of 25%.

Current Year Estimates for HL

Meanwhile, Hecla Mining’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 17 cents per share 30 days ago to 20 cents per share today, an increase of 17.6%.

HECLA MINING Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 6.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank  stocks here.

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