Hecla Mining Company: Time to Move On?
Depending on how you slice it, Hecla Mining Company (NYSE: HL) is either on a tear or stuck in a long-term cycle of underwhelming performance. The mining stock rewarded investors with 177% gains in 2016, but hasn't been the best investment for building wealth over longer periods of time. The stock is down 40% in the last decade.
Despite the long-term woes, investors are setting their sights on future potential. Is this time really different? Well, the mining stock improved margins handsomely last year and is promising further improvements in 2017. It owns some of the lowest-cost reserves in the industry -- just as precious-metals prices are trekking higher. But given the underperformance of mining stocks as a whole, is it time to move on from Hecla Mining stock?
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Source: Fool.com