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.

Hecla Mining Company ( HL) 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 ( CDE), down 20.6%, Atlatsa Resources ( ATL), down 13.7%, Minco Gold Corporation ( MGH), down 9.3%, and China Shen Zhou Mining & Resources ( SHZ), 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 hold. 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.

On the positive front, Entree Gold ( EGI), up 20.8%, Alderon Iron Ore ( AXX), up 9.5%, Thompson Creek Metals Company ( TC), up 9%, and Aurizon Mines ( AZK), up 7.8%, were all gainers within the metals & mining industry with Teck Resources ( TCK) being today's featured metals & mining industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the metals & mining industry could consider SPDR S&P Metals & Mining ETF ( XME) while those bearish on the metals & mining industry could consider PowerShares DB Base Metals Sht ETN ( BOS).

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