NEW YORK (TheStreet) -- Helca Mining (HL) shares are down 1.4% to $2.14 in trading on Wednesday after the mining company reported third quarter earnings results that fell below analysts expectations for the period.
The Idaho-based company reported net earnings of $3.7 million, while also reporting losses adjusted for non-recurring gains of 1 cent per diluted share. Analysts were expecting the company to break even for the quarter.
Revenue of $135.5 million for the quarter, a 27% increase over the same quarter last year, did top analysts estimates of $127.6 million for the period.
TheStreet Ratings team rates HECLA MINING CO as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HECLA MINING CO (HL) a SELL. This is driven by a number of negative factors, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. The company's weaknesses can be seen in multiple areas, such as its generally disappointing historical performance in the stock itself and disappointing return on equity."
Highlights from the analysis by TheStreet Ratings Team goes as follows:
- You can view the full analysis from the report here: HL Ratings Report