2 Stocks Slide to 52-Week Lows: Hecla, MEMC Electronic

NEW YORK ( TheStreet) -- The following stocks sank to 52-week lows on Monday: Hecla Mining ( HL) and MEMC Electronic Materials ( WFR).

Both companies report earnings this week.

Hecla Mining

The base and precious metals company is scheduled to report first-quarter earnings on Tuesday. Analysts, on average, anticipate earnings of 5 cents a share on revenue of $85.13 million.

"Although our $5.50/share target implies ~22% capital upside coupled with 1.5% dividend yield, the Hold rating is attributable to the operational risk at Lucky Friday mine, which has been temporarily closed post Mine Safety and Health Administration (MSHA) order," Deutsche Bank analysts wrote in a March 29 report.

Shares of Hecla hit a 52-week low on Monday of $3.87. The stock's 52-week high of $8.82 was set on May 10.

Hecla trades at an estimated price-to-earnings ratio for next year of 6.57 times; the average for platinum and precious metals companies is 9.79. For comparison, Stillwater Mining ( SWC) has a higher forward P/E of 8.85.

Seven of the 10 analysts who cover Hecla rated it hold. Two analysts gave the stock a buy rating and one rated it sell.

The stock has fallen 24.28% year to date.

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MEMC Electronic Materials

The company is scheduled to report first-quarter earnings on Wednesday. Analysts, on average, expect a loss of 16 cents a share on revenue of $496.44 million.

"We forecast 50MW of interconnections during the quarter and model 410 MW in CY12 aided by pipeline exposure to N. America," Bank of America Merrill Lynch analysts wrote in a report Monday. "While the semiconductor segment could improve from a 1Q trough, we anticipate tough conditions for the solar business to prevail through the year. Polysilicon spot pricing remains depressed, falling below $25/kg in recent weeks. Our June Q rev/EPS estimates are $668M/$0.00 (Street at $631M/($0.01)). Maintain Neutral rating."

Shares of MEMC Electronic Materials hit a 52-week low Monday of $3.29. The stock's 52-week high of $11.36 was set on May 10.

MEMC Electronic Materials' forward P/E is 5.87; the average for semiconductor companies is 24.71. For comparison, Intersil ( ISIL) has a higher forward P/E of 14.69.

Eleven of the 23 analysts who cover MEMC Electronic Materials gave the stock a hold rating. Eight analysts rated the stock buy and four gave it a sell rating.

The stock has fallen 14.97% year to date.

-- Written by Alexandra Zendrian

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