Stock Track | Hecla Mining Plunges on Q3 Earnings Disappointment

Stock Track

Nov 07, 2024

Hecla Mining Co. (HL) shares plummeted in pre-market trading on Tuesday after the precious metals mining company reported weaker-than-expected results for the third quarter of 2024. Hecla reported adjusted earnings of $0.03 per share, missing analyst estimates of $0.05 per share, as revenue growth of 34.7% to $245.1 million also fell short of expectations.

The disappointing Q3 performance sent Hecla's stock down 6.13% in pre-market trading to open at $X.XX per share. The pre-market plunge exacerbated the mining company's already weak stock performance this year, with shares now down X% year-to-date despite a X% rebound over the past quarter heading into earnings.

Analysts had been optimistic heading into the report, with the consensus earnings estimate having been revised 18.5% higher over the past three months. However, the earnings miss adds to concerns over Hecla's ability to ramp up production and capitalize on higher silver and gold prices this year.

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(HL) shares plummeted in pre-market trading on Tuesday after the precious metals mining company reported weaker-than-expected results for the third quarter of 2024. Hecla reported adjusted earnings of $0.03 per share, missing analyst estimates of $0.05 per share, as revenue growth of 34.7% to $245.1 million also fell short of expectations.</p>\n\n<p>The disappointing Q3 performance sent Hecla's stock down 6.13% in pre-market trading to open at $X.XX per share. The pre-market plunge exacerbated the mining company's already weak stock performance this year, with shares now down X% year-to-date despite a X% rebound over the past quarter heading into earnings.</p>\n\n<p>Analysts had been optimistic heading into the report, with the consensus earnings estimate having been revised 18.5% higher over the past three months. 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(HL) shares plummeted in pre-market trading on Tuesday after the precious metals mining company reported weaker-than-expected results for the third quarter of 2024. Hecla reported adjusted earnings of $0.03 per share, missing analyst estimates of $0.05 per share, as revenue growth of 34.7% to $245.1 million also fell short of expectations.</p>\n\n<p>The disappointing Q3 performance sent Hecla's stock down 6.13% in pre-market trading to open at $X.XX per share. The pre-market plunge exacerbated the mining company's already weak stock performance this year, with shares now down X% year-to-date despite a X% rebound over the past quarter heading into earnings.</p>\n\n<p>Analysts had been optimistic heading into the report, with the consensus earnings estimate having been revised 18.5% higher over the past three months. However, the earnings miss adds to concerns over Hecla's ability to ramp up production and capitalize on higher silver and gold prices this year.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HL","symbol_name":"赫克拉矿业","start_time":0,"source_url":"","article_id":"1101435783","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1101435783","pubTimestamp":1730978062,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Hecla Mining Co.  shares plummeted in pre-market trading on Tuesday after the precious metals mining company reported weaker-than-expected results for the third quarter of 2024. 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