Hecla Mining (HL) Soars 5.9%: Is Further Upside Left in the Stock?

Company Overview - Hecla Mining (HL) shares increased by 5.9% to $6.82 in the last trading session, with a notable trading volume, and have gained 16% over the past four weeks [1][2] - The company is part of the Zacks Mining - Silver industry, which includes Pan American Silver (PAAS) [4] Silver Price Impact - The rise in Hecla Mining's shares is attributed to an increase in silver prices, currently at approximately $30.84 per ounce, marking a two-month high [2] - The increase in silver prices is driven by expectations of a more aggressive interest rate cut by the Federal Reserve, with a 59% chance of a 50-basis point cut following weak August payroll data [2] Earnings Expectations - Hecla Mining is projected to report quarterly earnings of $0.02 per share, reflecting a year-over-year increase of 300%, with revenues expected to reach $201.63 million, up 10.8% from the previous year [3] - The consensus EPS estimate for Hecla Mining has been revised 33.3% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [4] Industry Comparison - Pan American Silver, another company in the same industry, has a consensus EPS estimate of $0.20, representing a significant year-over-year change of 1900% [5] - Both Hecla Mining and Pan American Silver currently hold a Zacks Rank of 3 (Hold) [4][5]