You Wouldn't Believe the Drop in Hecla Mining Company's Performance Last Quarter
Mr. Market didn't approve of the second-quarter 2017 performance turned in by Hecla Mining Company (NYSE: HL). Aside from a 43% reduction in capital expenditures compared to the year-ago period, there wasn't much to get excited about.
Revenue and profits were significantly lower than during the second quarter of 2016. That also resulted in an astounding 89% decrease in operating cash flow between the comparison periods. The weak operational performance has sent shares down 10% since earnings were announced in early August.
What happened during the quarter that drove the poor performance, and will it impact the long-term fortunes of Hecla Mining stock? Luckily for shareholders, there's a relatively innocent explanation.
Source: Fool.com
Hecla Mining Corp. Stock
€4.99
-6.970%
The stock is one of the favorites of our community with 21 Buy predictions and 2 Sell predictions.
With a target price of 6 € there is a positive potential of 20.34% for Hecla Mining Corp. compared to the current price of 4.99 €.
