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We recently published a list of 10 Firms Battered by Poor Earnings, Dismal Outlook. In this article, we are going to take a look at where Hecla Mining Company (NYSE:HL) stands against other Friday’s worst performers.
Wall Street’s major indices ended the trading week on a strong note, clocking in robust gains as investors cheered better-than-expected non-farm payrolls last month while digesting more corporate earnings results.
The tech-heavy Nasdaq led the rally among all major indices, finishing up 1.51 percent. The S&P 500 clocked in a 1.47-percent gain, while the Dow Jones grew by 1.39 percent.
Despite the broader market optimism, 10 companies managed to register declines amid dismal earnings performance in the first quarter of the year. In this article, let us explore Friday’s 10 worst performers and the reasons behind their decline.
To come up with the list, we considered only the stocks with a $2-billion market capitalization and $5-million trading volume.
Aerial view of a gold mine, with its winding roads and pits.
Hecla Mining Company (NYSE:HL)
Hecla Mining declined by 17 percent on Friday to end at $4.54 apiece as investor sentiment was dampened by an investment firm’s rating downgrade on its stock.
In its market note, BMO Capital lowered its rating for Hecla Mining Company (NYSE:HL) to Market Perform from Outperform previously, while reducing its price target to $5.50 from $7.5.
According to BMO Capital, the adjustment was based on the company’s persistent challenges in ramping up operations at Keno Hill, coupled with uncertainties over its Casa Berardi site.
Meanwhile, Hecla Mining Company (NYSE:HL) officially entered the oversold territory, having hit an RSI index of 28.8.
In the first quarter of the year, Hecla Mining Company (NYSE:HL) swung to a net income of $28.7 million from a $5.89 million net loss in the same period a year earlier.
Sales amounted to $261 million, higher by 38 percent than the $189 million registered in the same period last year.
Overall, HL ranks 2nd on our list of Friday’s worst performers. While we acknowledge the potential of HL as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than HL but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock.