Hecla Mining Company (HL): Today's Featured Metals & Mining Laggard
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model
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(
) pushed the Metals & Mining industry lower today making it today's featured Metals & Mining laggard. The industry as a whole closed the day up 1.5%. By the end of trading, Hecla Mining Company fell 41 cents (-6.5%) to $5.92 on heavy volume. Throughout the day, 12.9 million shares of Hecla Mining Company exchanged hands as compared to its average daily volume of 5.5 million shares. The stock ranged in price between $5.72-$6.39 after having opened the day at $6.32 as compared to the previous trading day's close of $6.33. Other companies within the Metals & Mining industry that declined today were:
Coeur D'Alene Mines Corporation
(
), down 20.6%,
(
), down 13.7%,
(
), down 9.3%, and
China Shen Zhou Mining & Resources
(
), down 9%.
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Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, produces, and markets precious and base metals worldwide. It offers gold and silver to precious metals traders; and lead, zinc, and bulk concentrates to custom smelters. Hecla Mining Company has a market cap of $1.81 billion and is part of the basic materials sector. The company has a P/E ratio of 21.2, above the S&P 500 P/E ratio of 17.7. Shares are up 21.4% year to date as of the close of trading on Monday. Currently there are no analysts that rate Hecla Mining Company a buy, no analysts rate it a sell, and 10 rate it a hold.
TheStreet Ratings rates Hecla Mining Company as a
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and feeble growth in the company's earnings per share.
- You can view the full Hecla Ratings Report.
On the positive front,
(
), up 20.8%,
(
), up 9.5%,
(
), up 9%, and
(
), up 7.8%, were all gainers within the metals & mining industry with
(
) being today's featured metals & mining industry leader.
- Use our metals & mining section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider
(
) while those bearish on the metals & mining industry could consider
PowerShares DB Base Metals Sht ETN
(
).
- Find other investment ideas from our top rated ETFs lists.
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