Can Hecla Mining (HL) Run Higher on Rising Earnings Estimates?

Core Viewpoint - Hecla Mining (HL) is positioned as a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2]. Earnings Estimate Revisions - The trend of rising earnings estimate revisions reflects growing analyst optimism regarding Hecla Mining's earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, Hecla Mining is projected to earn $0.06 per share, marking a significant increase of +200.0% compared to the previous year [5]. - Over the last 30 days, the Zacks Consensus Estimate for Hecla Mining has risen by 50%, with one estimate moving higher and no negative revisions [5]. - For the full year, the expected earnings are $0.20 per share, representing a year-over-year increase of +81.8%, with a 25% rise in consensus estimates due to positive revisions [6][7]. Zacks Rank and Performance - Hecla Mining has achieved a Zacks Rank 2 (Buy), indicating strong agreement among analysts in raising earnings estimates, which historically correlates with stock performance [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have shown significant outperformance compared to the S&P 500 [8]. Stock Performance - Hecla Mining's stock has gained 5.2% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [9].