Earnings Estimates Moving Higher for Hecla Mining (HL): Time to Buy?

Core Viewpoint - Hecla Mining (HL) shows a promising earnings outlook, with analysts raising their earnings estimates, which may positively impact the stock price [1][2]. Earnings Estimate Revisions - Analysts' optimism regarding Hecla Mining's earnings prospects is leading to higher estimates, which historically correlates with stock price movements [2]. - For the current quarter, the earnings estimate is $0.09 per share, reflecting a 200% increase from the previous year [5]. - Over the last 30 days, the Zacks Consensus Estimate for Hecla Mining has risen by 50%, with no negative revisions [5]. - For the full year, the earnings estimate is $0.27 per share, indicating a 145.5% increase from the previous year [6]. - The consensus estimate for the current year has increased by 35% due to three upward revisions and no negative changes [6][7]. Zacks Rank - Hecla Mining currently holds a Zacks Rank 2 (Buy), indicating strong agreement among analysts on the positive earnings revisions [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - Hecla Mining shares have increased by 29.1% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [9].