Hecla Mining Company (HL - Free Report) is a leading low-cost U.S. silver producer and a growing gold producer 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, two 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 narrowing from a loss 3 cents a share 30 days ago, to a loss of 2 cents today, a move of 33.3%.
Current Year Estimates for HL
Meanwhile, Hecla Mining's current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 13 cents per share 30 days ago to a loss of 12 cents per share today, an increase of 7.7%.
Hecla Mining Company Price and Consensus
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