Is Management Really to Blame for Hecla Mining's Woes?
Investors have been remarkably patient with Hecla Mining (NYSE: HL) despite a difficult 2017 thus far. Production volumes fell substantially through the first half of 2017 compared to the year-ago period for all four of the primary metals mined by the company, including silver, gold, lead, and zinc. Then again, 2016 was a record year.
But does it still make sense for the stock to be coasting on last year's performance? After all, it's October now. The ongoing strike at the Lucky Friday mine has significantly impacted operations. It's been offline for two full quarters now, which has cost shareholders tens of millions of dollars in revenue and earnings. The stock has moved sideways in the last year throughout it all, better than many competitors can claim, but that's nothing to brag about given the S&P 500's 18% rise in the same period.
As the losses pile up from the Lucky Friday strike, it may be time to start asking whether management's handling of the issue is to blame for the stock's performance.
Source: Fool.com
Hecla Mining Corp. Stock
With 21 Buy predictions and 2 Sell predictions Hecla Mining Corp. is one of the favorites of our community.
As a result the target price of 6 € shows a slightly positive potential of 10.62% compared to the current price of 5.42 € for Hecla Mining Corp..
