Why Hecla Mining (HL) Stock Is Up Today

NEW YORK (TheStreet) -- Hecla Mining (HL) was gaining 3.9% to $3.23 Wednesday after announcing that silver and gold production increased in the first quarter.

The mining company announced that it produced 2.5 million ounces of silver in the first quarter, a 32% increase from the 1.9 million ounces produced in the year-ago quarter. Gold production more than tripled from the year-ago quarter to 46,269 ounces.

Silver production in the Lucky Friday mine more than quadrupled from the year-ago quarter to 699,604 ounces. The Casa Berardi mine produced 31,260 ounces of gold in the quarter.

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TheStreet Ratings team rates HECLA MINING CO as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HECLA MINING CO (HL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."

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