Hecla Mining (NYSE:HL) Stock, Quote.Headers.trade-ideas

Hecla Mining

Hecla Mining Co produces and explores silver, gold, zinc and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada , United States and Mexico and it derives a majority of its revenue from United States.

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Silver mining stocks recorded their best weekly performance in over four years; some ETFs delivered their highest gains since inception.

Silver Miner ETFs Notch Best Week Since April 2020 As Rate-Cut Bets Boost Precious Metals: 5 Stocks Surge Over 20% This Week

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PAAS

Pan American Silver Corp. (NYSE: PAAS) reported adjusted earnings per share of 11 cents for second-quarter 2024, missing the Zacks Consensus Estimate of 15 cents. PAAS had posted adjusted earnings per share of 8 cents in the year-ago quarter.

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Shares of precious metals stocks are trading higher as gold and silver rise after the Fed on Wednesday cut rates by 50 basis points.

Shares of gold stocks are trading higher in sympathy with overall market sentiment after the Fed policy decision to cut rates by 50 basis points.

<p><strong>Hecla Mining's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) short percent of float has fallen 8.02% since its last report. The company recently reported that it has <strong>13.34 million shares sold short</strong>, which is 2.18% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 1.44 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Hecla Mining Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1726496117_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Hecla Mining has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.</p>
<h3>Comparing Hecla Mining's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Hecla Mining's peer group average for short interest as a percentage of float is 3.44%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


Short Sellers

Short Ideas

How Is The Market Feeling About Hecla Mining?

<p>Silver mining stocks have recorded their best weekly performance in over four years, with some exchange-traded funds (ETFs) delivering their <a href="https://www.benzinga.com/money/best-precious-metals-stocks">highest gains since inception</a>.</p>
<p>A perfect storm of rising gold prices, expectations of a Federal Reserve interest rate cut, and a condition of structural global silver supply shortage has propelled prices above $30 per ounce, driving an almost 10% surge this week alone.</p>
<p>Several silver-focused ETFs have outperformed the broader market, benefiting from the rapid rise in prices. Here's a breakdown of their weekly performance as of 3 p.m. ET on Friday:</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<thead>
<tr>
<th>ETF</th>
<th>Performance (5D)</th>
<th>Best Week Since</th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>iShares MSCI Global Silver Miners Fund </strong>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLVP#NYSE">SLVP</a>)</td>
<td>+16.8%</td>
<td>Early April 2020</td>
</tr>
<tr>
<td><strong>Global X Silver Miners ETF</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SIL#NYSE">SIL</a>)</td>
<td>+16.7%</td>
<td>Fund Inception (2010)</td>
</tr>
<tr>
<td><strong>Themes Silver Miners ETF</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGMI#NASDAQ">AGMI</a>)</td>
<td>+13.0%</td>
<td>Fund Inception (2024)</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<h3 class="wp-block-heading">Worsening Silver Shortage</h3>
<p>The silver market&#8217;s supply and demand dynamics are only tightening, pushing prices higher. A Silver Institute survey highlighted a growing supply deficit, with demand expected to outstrip supply by 265 million ounces (oz.) this year, marking the steepest shortage since 2020.</p>
<p>In 2024, industrial demand for the metal is forecasted to rise to 710.9 million oz., up from 654 million oz. in 2023, driven largely by increased use in photovoltaic cells for solar energy production.</p>
<p>This demand spike is colliding with a flat supply, creating a structural deficit that's driving prices upward.</p>
<h3 class="wp-block-heading">Fed Rate Cuts Could Fuel Further Gains</h3>
<p>Investor sentiment around silver and other precious metals is being buoyed by expectations of a near-term Federal Reserve interest rate cut. </p>
<p>With inflation data aligning with a broader disinflationary trend, market odds currently point to a 49% chance of a 50-basis-point cut during next week's Fed meeting, with the remaining expectations on a 25-basis-point cut, as per CME FedWatch. </p>
<p>Falling Treasury yields and a weaker dollar have further supported precious metals. </p>
<p>Gold prices have soared to fresh all-time highs, surpassing $2,560/oz., with silver rallying alongside, notching five consecutive positive trading days this week—its longest winning streak since July.</p>
<h3 class="wp-block-heading">Top-Performing Miners</h3>
<p>Silver mining stocks have outpaced the metal itself, with some posting massive gains. Here are the five top-performing miners this week:</p>
<p><figure class="wp-block-table is-style-stripes"><br />
<table>
<tbody>
<tr>
<td><strong>Name</strong></td>
<td><strong>Price Chg. % (5D)</strong></td>
</tr>
<tr>
<td><strong>Coeur Mining, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CDE#NYSE">CDE</a>)</td>
<td>37.22%</td>
</tr>
<tr>
<td><strong>Gatos Silver, Inc.</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GATO#NYSE">GATO</a>)</td>
<td>33.87%</td>
</tr>
<tr>
<td><strong>Hycroft Mining Holding Corporation</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HYMC#NASDAQ">HYMC</a>)</td>
<td>28.16%</td>
</tr>
<tr>
<td><strong>Hecla Mining Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>)</td>
<td>25.05%</td>
</tr>
<tr>
<td><strong>AYA Gold &amp; Silver Inc.</strong> (OTCPK: AYASF)</td>
<td>22.94%</td>
</tr>
</tbody>
</table>
<p></p></figure></p>
<p><em>Image: Shutterstock</em></p>


Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent economic data.

Shares of precious metals stocks are trading higher as gold and silver rise amid a drop in the US dollar following recent inflation data.

CGAU

SBSW

Shares of precious metal companies are trading lower amid a drop in the price of gold. Weakness in the commodity may be due to August's ISM Manufacturing PMI data indicating an economic contraction and pending non-farm payrolls data that may determine the size of future rate cuts.

<p>Investors with a lot of money to spend have taken a bearish stance on <strong>Hecla Mining</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>).</p>
<p>And retail traders should know.</p>
<p>We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.</p>
<p>Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with HL, it often means somebody knows something is about to happen.</p>
<p>Today, Benzinga's options scanner spotted 10 options trades for <strong>Hecla Mining</strong>.</p>
<p>This isn't normal.</p>
<p>The overall sentiment of these big-money traders is split between 30% bullish and 60%, bearish.</p>
<p>Out of all of the options we uncovered, there was 1 put, for a total amount of $60,000, and 9, calls, for a total amount of $510,085.</p>
<h3>Predicted Price Range</h3>
<p>After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $5.0 and $10.0 for Hecla Mining, spanning the last three months.</p>
<h3>Insights into Volume &amp; Open Interest</h3>
<p>In today's trading context, the average open interest for options of Hecla Mining stands at 7800.0, with a total volume reaching 12,610.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Hecla Mining, situated within the strike price corridor from $5.0 to $10.0, throughout the last 30 days.</p>
<h3>Hecla Mining 30-Day Option Volume &amp; Interest Snapshot</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1724356923_0.png" alt="Options Call Chart" /></p>
<h3>Biggest Options Spotted:</h3>
<p>
<table>
<thead>
<tr>
<th><strong>Symbol</strong></th>
<th><strong>PUT/CALL</strong></th>
<th><strong>Trade Type</strong></th>
<th><strong>Sentiment</strong></th>
<th><strong>Exp. Date</strong></th>
<th><strong>Ask</strong></th>
<th><strong>Bid</strong></th>
<th><strong>Price</strong></th>
<th><strong>Strike Price</strong></th>
<th><strong>Total Trade Price</strong></th>
<th><strong>Open Interest</strong></th>
<th><strong>Volume</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>HL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.38</td>
<td>$1.38</td>
<td>$5.00</td>
<td>$69.0K</td>
<td>13.8K</td>
<td>2.5K</td>
</tr>
<tr>
<td>HL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.38</td>
<td>$1.38</td>
<td>$5.00</td>
<td>$69.0K</td>
<td>13.8K</td>
<td>2.0K</td>
</tr>
<tr>
<td>HL</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.37</td>
<td>$5.00</td>
<td>$68.5K</td>
<td>13.8K</td>
<td>1.0K</td>
</tr>
<tr>
<td>HL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1.4</td>
<td>$1.35</td>
<td>$1.35</td>
<td>$5.00</td>
<td>$67.5K</td>
<td>13.8K</td>
<td>3.0K</td>
</tr>
<tr>
<td>HL</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$1.42</td>
<td>$1.27</td>
<td>$1.35</td>
<td>$5.00</td>
<td>$67.5K</td>
<td>13.8K</td>
<td>512</td>
</tr>
</tbody>
</table>
</p>
<h3>About Hecla Mining</h3>
<p>Hecla Mining Co produces and explores silver, gold, zinc and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada , United States and Mexico and it derives a majority of its revenue from United States.</p>
<h3>Present Market Standing of Hecla Mining</h3>
<ul>
<li>With a trading volume of 8,001,052, the price of HL is down by -2.51%, reaching $6.01.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 74 days from now.</li>
</ul>
<h3>What Analysts Are Saying About Hecla Mining</h3>
<p>In the last month, 2 experts released ratings on this stock with an average target price of $8.125.</p>
<ul>
<li>An analyst from HC Wainwright &amp; Co. downgraded its action to Buy with a price target of $10. </li>
<li>Consistent in their evaluation, an analyst from Roth MKM keeps a Buy rating on Hecla Mining with a target price of $6. </li>
</ul>
<p>Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Hecla Mining options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.</p>


Options

Decoding Hecla Mining's Options Activity: What's the Big Picture?

<p><strong>Pan American Silver Corp.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/paas#NYSE">PAAS</a>) reported adjusted earnings per share of 11 cents for second-quarter 2024, missing the Zacks Consensus Estimate of 15 cents. PAAS had posted adjusted earnings per share of 8 cents in the year-ago quarter.</p>
<p>Including one-time items, Pan American Silver reported a loss of 6 cents per share in the quarter compared with the year-ago quarter&#39;s loss of 9 cents.</p>
<p>PAAS&#39;s revenues improved 7.3% year over year to $686 million in the quarter under review. The top line beat the Zacks Consensus Estimate of $682 million. The average realized silver price in the quarter increased 20% year over year to $28.14 per ounce. The average realized gold price increased 18.3% year over year to $2,336 per ounce.</p>
<div class="chart_embed">
<h3>Pan American Silver Corp. Price, Consensus and EPS Surprise</h3>
<h3><img alt="Pan American Silver Corp. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b9/1723473279.png" style="height:285px; width:620px" title="" /></h3>
<p>Pan American Silver Corp. price-consensus-eps-surprise-chart | Pan American Silver Corp. Quote</p>
</div>
<h3>Operational Update</h3>
<p>Silver production in the quarter was 4.57 million ounces, down 24.2% year over year. Gold production was 220.4 thousand ounces in the reported quarter, reflecting a year-over-year decline of 11.2%.</p>
<p>The Silver segment&#39;s cash costs were $14.49 per ounce in the second quarter, up 56% from the year-ago period. The segment&#39;s all-in sustaining costs (AISC) rose 21.5% year over year to $19.07 per ounce in the quarter.</p>
<p>The Gold segment&#39;s cash costs were $1,186 per ounce, reflecting a 13.5% increase from the year-ago quarter. The segment&#39;s AISC costs amounted to $1,584 per ounce in the April-June period, representing a year-over-year rise of 18%.</p>
<p>Pan American Silver reported mine-operating earnings of $117 million in the quarter compared with the $88 million reported in the prior-year quarter.</p>
<h3>Financial Position</h3>
<p>At the end of second-quarter 2024, Pan American Silver had cash and short-term investment balances of $368.6 million. It has $750 million available in its revolving credit facility. Total debt amounted to $809.5 million. Net cash generated from operations was $163 million in the second quarter compared with $117 million in the prior-year period.</p>
<h3>Guidance</h3>
<p>PAAS reaffirmed its production guidance for 2024. The silver production is expected between 21 million and 23 million ounces. The company expects gold production between 880,000 ounces and 1000,000 ounces.</p>
<p>The Silver segment&#39;s AISC per ounce is estimated between $16.00 and $18.50. The Gold segment&#39;s AISC per ounce is forecast between $1,475 and $1,575.</p>
<h3>Price Performance</h3>
<p>PAAS shares have gained 24.2% in the past year compared with the industry&#39;s growth of 26.3%.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/dd/74029.jpg?v=872010519" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank</h3>
<p>Pan American Silver currently carries a Zacks Rank #3 (Hold).</p>
<h3>How Did PAAS&#39; Peers Fare in Q2?</h3>
<p><strong>Hecla Mining </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) reported earnings per share of 2 cents in the second quarter, beating the Zacks Consensus Estimate of 1 cent. The bottom line moved down 33% from the year-ago quarter.</p>
<p>Hecla Mining witnessed a 38% increase in revenues to $246 million, which beat the consensus estimate of $209 million. The company reported 4.5 million ounces of silver production in the second quarter of 2024. This marked a 16% year-over-year improvement, reflecting a solid performance at Keno Hill.</p>
<p><strong>Buenaventura Mining</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bvn#NYSE">BVN</a>) posted earnings per share of 28 cents in the second quarter, missing the Zacks Consensus Estimate of earnings of 34 cents. BVN had reported a loss of 3 cents per share in the year-ago quarter.</p>
<p>The company witnessed a 60% year-over-year increase in revenues to $277 million, which beat the consensus estimate of $252 million.</p>
<h3>Mining - Silver Stock Awaiting Results</h3>
<p><strong>Avino Silver</strong> (AMEX:ASM), scheduled to release second-quarter 2024 earnings on Aug 13, has a four-quarter trailing average negative surprise of 50%.</p>
<p>The Zacks Consensus Estimate of ASM&#39;s earnings is pegged at 2 cents. The company posted break-even results in the second quarter of 2023. The consensus estimate for revenues is pegged at $13.05 million, indicating an increase of 46.4% from the year-ago quarter&#39;s reported number.</p>
<p><a href="https://www.zacks.com/stock/news/2320905/pan-american-silver-paas-q2-earnings-lag-estimates-rise-y-y?cid=CS-BENZ-FT-analyst_blog|earnings_article-2320905">To read this article on Zacks.com click here.</a></p>


<p>In the preceding three months, 4 analysts have released ratings for Hecla Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>), presenting a wide array of perspectives from bullish to bearish.</p>
<p>The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.</p>
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;"><strong>Bullish</strong></th>
<th style="text-align: right;"><strong>Somewhat Bullish</strong></th>
<th style="text-align: right;"><strong>Indifferent</strong></th>
<th style="text-align: right;"><strong>Somewhat Bearish</strong></th>
<th style="text-align: right;"><strong>Bearish</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>Total Ratings</strong></td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>Last 30D</strong></td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>1M Ago</strong></td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>2M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td><strong>3M Ago</strong></td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
<p>In the assessment of 12-month price targets, analysts unveil insights for Hecla Mining, presenting an average target of $8.5, a high estimate of $10.25, and a low estimate of $6.00. Marking an increase of 1.43%, the current average surpasses the previous average price target of $8.38. </p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723136435_0.png" alt="price target chart" /></p>
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
<p>A clear picture of Hecla Mining's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.</p>
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Joe Reagor</td>
<td>Roth MKM</td>
<td>Lowers</td>
<td>Buy</td>
<td>$6.00</td>
<td>$6.25</td>
</tr>
<tr>
<td>Heiko Ihle</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$10.25</td>
<td>$10.25</td>
</tr>
<tr>
<td>Heiko Ihle</td>
<td>HC Wainwright &amp; Co.</td>
<td>Maintains</td>
<td>Buy</td>
<td>$10.25</td>
<td>$10.25</td>
</tr>
<tr>
<td>Cosmos Chiu</td>
<td>CIBC</td>
<td>Raises</td>
<td>Neutral</td>
<td>$7.50</td>
<td>$6.75</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li><strong>Action Taken:</strong> Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Hecla Mining. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li><strong>Rating:</strong> Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Hecla Mining compared to the broader market.</li>
<li><strong>Price Targets:</strong> Understanding forecasts, analysts offer estimates for Hecla Mining's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
<p>For valuable insights into Hecla Mining's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.</p>
<p><a href="https://www.benzinga.com/quote/HL/analyst-ratings?utm_source=Benzinga Insights"><strong>Stay up to date on Hecla Mining analyst ratings.</strong></a></p>
<h2>Delving into Hecla Mining's Background</h2>
<p>Hecla Mining Co produces and explores silver, gold, zinc and other metals. The operating business segments are Greens Creek, Lucky Friday, Keno Hill, Casa Berardi, and Nevada Operations. It generates maximum revenue from the Greens Creek segment. Geographically, It operates in Canada , United States and Mexico and it derives a majority of its revenue from United States.</p>
<h3>Financial Milestones: Hecla Mining's Journey</h3>
<p><strong>Market Capitalization:</strong> Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.</p>
<p><strong>Revenue Growth:</strong> Hecla Mining's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately <strong>-5.0%</strong>. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Materials sector.</p>
<p><strong>Net Margin:</strong> Hecla Mining's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of <strong>-3.11%,</strong> the company may face hurdles in effective cost management.</p>
<p><strong>Return on Equity (ROE):</strong> The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of <strong>-0.3%,</strong> the company may need to address challenges in generating satisfactory returns for shareholders.</p>
<p><strong>Return on Assets (ROA):</strong> Hecla Mining's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of <strong>-0.2%,</strong> the company may face hurdles in achieving optimal financial performance.</p>
<p><strong>Debt Management:</strong> With a below-average debt-to-equity ratio of <strong>0.34</strong>, Hecla Mining adopts a prudent financial strategy, indicating a balanced approach to debt management.</p>
<h2>Analyst Ratings: Simplified</h2>
<p>Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.</p>
<p>Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.</p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Analyst Scoreboard: 4 Ratings For Hecla Mining

<p>Roth MKM  analyst Joe Reagor   maintains Hecla Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) with a Buy and lowers the price target from $6.25 to $6.</p>


Price Target

Roth MKM Maintains Buy on Hecla Mining, Lowers Price Target to $6

<p>HC Wainwright &amp; Co.  analyst Heiko Ihle   reiterates Hecla Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) with a Buy and maintains $10.25 price target.</p>


Reiteration

HC Wainwright & Co. Reiterates Buy on Hecla Mining, Maintains $10.25 Price Target

<p>Hecla Mining (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>) reported quarterly earnings of $0.02 per share which missed the analyst consensus estimate of $0.04 by 50 percent.  The company reported quarterly sales of $245.657 million which beat the analyst consensus estimate of $219.199 million by 12.07 percent.  This is a 37.91 percent increase over sales of $178.130 million the same period last year.</p>


Hecla Mining Q2 2024 Adj. EPS $0.02 Misses $0.04 Estimate, Sales $245.657M Beat $219.199M Estimate

<p><strong>Wix.com Ltd </strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/wix#NASDAQ">WIX</a>) is slated to report second-quarter 2024 results on Aug 7.</p>
<p>The company expects revenues to be between $431 million and $435 million, implying 11-12% growth from the prior-year quarter&#39;s reported figure. The Zacks Consensus Estimate is pegged at $433.6 million, indicating an increase of 11.2% from a year ago.</p>
<p>The Zacks Consensus Estimate for earnings is pegged at $1.32 per share, up 4.8% from the year-earlier quarter&#39;s level.</p>
<p>WIX&#39;s earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 56.5%.</p>
<p>The company&#39;s shares have risen 56% compared with the&nbsp;sub-industry&#39;s growth of 12.2% in the past year.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/bd/73346.jpg?v=141460758" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Factors to Consider</h3>
<p>Increasing adoption of the product portfolio, especially various AI products, is likely to have driven revenues in the to-be-reported quarter. Among AI products, in the last reported quarter, management highlighted that its key offering &mdash; AI Website Builder &mdash; received strong responses from Self Creators and Partners. This solution created a professional website that meets the user&#39;s requirements through a conversational AI chat experience.</p>
<p>Strengthening momentum in WIX Studio is another tailwind. In the last reported quarter, management noted that more than 1 million Studio accounts have been created by agencies and designers since the rollout of WIX Studio in August 2023. It also contributed to strong revenue growth from the Partners business.</p>
<p>Average revenues per subscription are likely to have been driven by an expansive product portfolio and strong commerce growth. Increasing revenues from B2B businesses are an added positive.</p>
<p>WIX expects higher bookings, favorable gross margin mix and operational efficiencies to drive free cash flow performance.&nbsp;</p>
<div class="chart_embed">
<h3>Wix.com Ltd. Price and EPS Surprise</h3>
<p><img alt="Wix.com Ltd. Price and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/b3/1722861623.png" style="height:263px; width:544px" title="" /></p>
<p>Wix.com Ltd. price-eps-surprise | Wix.com Ltd. Quote</p>
<p>The Zacks Consensus Estimate for revenues from the Creative Subscriptions and Business Solutions segments is pegged at $313 million and $120 million, respectively.</p>
<p>However, increasing expenses, a volatile macroeconomic environment and unfavorable foreign currency fluctuations remain concerning.</p>
</div>
<h3>Recent Key Developments</h3>
<p>On Jun 24, 2024, Wix launched the Figma to Wix Studio plugin. By leveraging the plugin, professionals can seamlessly transfer their Figma designs to the Wix Studio platform. This will allow them to take advantage of Wix Studio&#39;s robust native business solutions, AI-powered tools and agency-level capabilities.</p>
<p>On Jun 10, 2024, Wix expanded the availability of its AI Website Builder in different languages. Besides English, AI Website Builder is now available to global users in French, German, Portuguese, Spanish, Italian, Japanese, Turkish and Korean languages. This initiative aids users in building websites in their preferred language.</p>
<p>On May 16, 2024, Wix introduced three new AI-based image enhancement and creation tools to assist users in improving, customizing and personalizing visual content for their websites. These tools include AI Image Creator, Object Eraser and AI Image Editor. The new AI-based tools complement Wix&#39;s existing suite of AI features. Customers can now leverage the Wix platform alongside the AI Website Builder to streamline the process of creating and managing their online presence.</p>
<p>On May 9, 2024, Wix launched the AI Portfolio Creator, a groundbreaking tool that leverages the power of AI to aid users in crafting and showcasing an online professional portfolio. The AI Portfolio Creator effectively streamlines the portfolio creation experience by allowing users to smoothly upload and organize large-scale image collections with just a few clicks.</p>
<p>Users first need to select the type of portfolio they want. The AI Portfolio Creator swings into action once all selections are made and images are uploaded. It then sorts and generates project options with clustered images, recommended titles and descriptions, along with personalized layout options.</p>
<h3>What Our Model Says</h3>
<p>Our proven model does not predict an earnings beat for WIX this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is not the case here.</p>
<p>WIX currently has an Earnings ESP of 0.00% and a Zacks Rank #3.</p>
<h3>Stocks to Consider</h3>
<p>Here are a few stocks that you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this reporting cycle.</p>
<p><strong>Hecla Mining Company</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>) has an Earnings ESP of +50.00% and a Zacks Rank #1 at present.</p>
<p>HL is scheduled to report quarterly earnings on Aug 6. The Zacks Consensus Estimate for HL&#39;s to-be-reported quarter&#39;s EPS and revenues is pegged at 1 cent and $208.8 million, respectively. Shares of HL have lost 4.3% in the past year.</p>
<p><strong>Maplebear Inc.</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/cart#NASDAQ">CART</a>) currently has an Earnings ESP of +9.80% and a Zacks Rank #2. CART is scheduled to report quarterly earnings on Aug 6.</p>
<p>The Zacks Consensus Estimate for CART&#39;s to-be-reported quarter&#39;s EPS and revenues is pegged at 13 cents and $804.9 million, respectively. Shares of CART have lost 6.3% in the past year.</p>
<p><strong>Hagerty, Inc</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hgty#NYSE">HGTY</a>) has an Earnings ESP of +44.44% and a Zacks Rank #2 at present. HGTY is set to report quarterly figures on Aug 6.</p>
<p>The Zacks Consensus Estimate for HGTY&#39;s to-be-reported quarter&#39;s EPS and revenues is pegged at 9 cents and $312.6 million, respectively. Shares of HGTY have surged 26.5% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2316171/wix-set-to-report-q2-earnings-here-s-what-you-should-know?cid=CS-BENZ-FT-analyst_blog|earnings_preview-2316171">To read this article on Zacks.com click here.</a></p>


WIX Set to Report Q2 Earnings: Here's What You Should Know

shares of precious metals stocks are trading lower as gold and silver fall despite overall market uncertainty.

Shares of precious metals stocks are trading lower amid a selloff in gold and silver.

<p><strong>United States Steel Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/x#NYSE">X</a>) logged a profit of $183 million or 72 cents per share for second-quarter 2024, down from a profit of $477 million or $1.89 per share in the year-ago quarter.</p>
<p>Barring one-time items, adjusted earnings per share were 84 cents, down from $1.92 a year ago. The figure, however, topped the Zacks Consensus Estimate of 76 cents.</p>
<p>Revenues fell around 18% year over year to $4,118 million in the reported quarter. The figure, however, surpassed the Zacks Consensus Estimate of $3,998.2 million.</p>
<p>The company reported a total shipment of 3,591,000 tons for the reported quarter, down around 9% year over year. It was below our estimate of 3,744,000 tons. The company faced pricing headwinds across its segments during the reported quarter.</p>
<div class="chart_embed">
<h3>United States Steel Corporation Price, Consensus and EPS Surprise</h3>
<p><img alt="United States Steel Corporation Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/ea/1722591063.png" style="height:265px; width:576px" title="" /></p>
<p>United States Steel Corporation price-consensus-eps-surprise-chart | United States Steel Corporation Quote</p>
</div>
<h3>Segment Highlights</h3>
<p><strong>Flat-Rolled: </strong>The segment recorded a profit of $183 million in the reported quarter, down around 21% from the year-ago quarter.</p>
<p>Steel shipments in the segment went down roughly 9% year over year to 2,045,000 tons. The average realized price per ton in the unit was $1,051, down around 3% year over year. It was below our estimate of $1,056.</p>
<p><strong>Mini Mill: </strong>The segment recorded a profit of $28 million in the quarter, down around 79% year over year. Shipments were 562,000 tons, down around 4% year over year. The average realized price per ton was $869, down around 14% year over year. It was above our estimate of $798.</p>
<p><strong>U.S. Steel Europe: </strong>The segment posted a loss of $10 million in the reported quarter. This compares to a profit of $72 million a year ago. Shipments fell roughly 15% year over year to 875,000 tons. The average realized price per ton for the unit was $821, down around 15% year over year. It was below our estimate of $829.</p>
<p><strong>Tubular:</strong>&nbsp; The segment posted a profit of $29 million in the reported quarter, down roughly 82% year over year. Shipments fell roughly 2% to 109,000 tons. The average realized price per ton for the unit was $2,108, down nearly 40% year over year. It was above our estimate of $2,004.</p>
<h3>Financials</h3>
<p>At the end of the quarter, the company&#39;s cash and cash equivalents were $2,031 million, down around 9% from the previous quarter&#39;s levels. Long-term debt was $4,078 million, flat sequentially.</p>
<h3>Outlook</h3>
<p>Moving ahead, X expects adjusted EBITDA for the third quarter in the band of $275-$325 million factoring in recent pricing dynamics, which continues to impact its business. It expects the results in the North American Flat-Rolled segment to soften modestly as reduced spot prices more than offset continued strength in contract order book and lower spending. In the Mini Mill segment, X sees results to reflect lower spot prices and $30 million of associated start-up and one-time construction costs ahead of the planned start-up of Big River 2 in the fourth quarter.</p>
<p>The results in the Europe unit are forecast to be consistent with the second quarter as lower selling prices are largely offset by reduced raw material costs. The company expects lower results in the Tubular segment in the third quarter due to reduced selling prices.</p>
<p>Moreover, U.S. Steel continues to progress toward completing the transaction with Nippon Steel Corporation later this year.</p>
<h3>Price Performance</h3>
<p>The company&#39;s shares have rallied 67.6% in the past year compared with the industry&#39;s 12.6% decline.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/51/73182.jpg?v=823218616" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank &amp; Key Picks</h3>
<p>X currently carries a Zacks Rank #5 (Strong Sell).</p>
<p>Some better-ranked stocks in the Basic Materials space are <strong>Kronos Worldwide, Inc.</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kro#NYSE">KRO</a>), <strong>Ashland Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ash#NYSE">ASH</a>) and <strong>Hecla Mining Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), each sporting a Zacks Rank #1 (Strong Buy).</p>
<p>Kronos is expected to report second-quarter results on Aug 7. The Zacks Consensus Estimate for KRO&#39;s second-quarter earnings is pegged at 21 cents. The company&#39;s shares have rallied roughly 33% in the past year.&nbsp;</p>
<p>Ashland is slated to report fiscal third-quarter results on Aug 6. The Zacks Consensus Estimate for ASH&#39;s third-quarter earnings is pegged at $1.47. The company&#39;s shares have gained roughly 7% in the past year.&nbsp;</p>
<p>Hecla is slated to report second-quarter results on Aug 6. The Zacks Consensus Estimate for Hecla&#39;s second-quarter earnings is pegged at a penny per share. The stock has gained nearly 2% in the past year.</p>
<p><a href="https://www.zacks.com/stock/news/2315087/u-s-steel-s-x-earnings-and-revenues-surpass-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2315087">To read this article on Zacks.com click here.</a></p>


U.S. Steel's Earnings and Revenues Surpass Estimates in Q2

<p><strong>DuPont de Nemours, Inc.</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/dd#NYSE">DD</a>) registered a profit from continuing operations of $176 million or 40 cents per share in the second quarter of 2024. In the year-ago quarter, the company recorded a profit of $269 million or 55 cents per share.</p>
<p>Barring one-time items, earnings came in at 97 cents per share in the reported quarter, topping the Zacks Consensus Estimate of 85 cents.</p>
<p>DuPont&#39;s net sales reached $3,171 million, marking a 2% year-over-year increase and surpassing the Zacks Consensus Estimate of $3,035.8 million. Organic sales remained flat in the quarter, as a 2% increase in volume was counterbalanced by a 2% decrease in price.</p>
<p>The rise in volume was primarily driven by broad-based growth in the electronics sector. However, this was partially offset by year-over-year declines in industrial businesses, particularly in Water Solutions in China and medical packaging within Safety Solutions.</p>
<div class="chart_embed">
<h3>DuPont de Nemours, Inc. Price, Consensus and EPS Surprise</h3>
<p><img alt="DuPont de Nemours, Inc. Price, Consensus and EPS Surprise" src="https://staticx-tuner.zacks.com/images/charts/75/1722428726.png" style="height:265px; width:576px" title="" /></p>
<p>DuPont de Nemours, Inc. price-consensus-eps-surprise-chart | DuPont de Nemours, Inc. Quote</p>
</div>
<h3>Segment Highlights</h3>
<p>The company&#39;s Electronics &amp; Industrial segment reported net sales of $1,508 million in the quarter, a 15% year-over-year increase, surpassing our estimate of $1,408.4 million. Organic sales grew 8%, driven by a 10% rise in volume, which was partially offset by a 2% decrease in price.</p>
<p>Semiconductor Technologies saw a more than 20% increase in organic sales, fueled by continued recovery in semiconductor demand, advancements in AI-driven technology and higher volumes for OLED materials due to new product launches. Interconnect Solutions experienced low-teens growth in organic sales, with mid-teens volume gains reflecting a broad-based recovery in consumer electronics. Industrial Solutions faced a low-double-digit decline in organic sales, primarily due to ongoing channel inventory destocking in the Kalrez and biopharma markets.</p>
<p>The Water &amp; Protection unit recorded net sales of $1,391 million, a 7% decrease from the previous year, surpassing our estimate of $1,359.5 million. The decline was due to a 6% drop in organic sales and a 1% currency headwind, with organic sales reflecting a 4% decrease in volume and a 2% decrease in price.</p>
<p>Safety Solutions saw high-single-digit declines in organic sales, mainly due to volume reductions and continued channel inventory destocking for medical packaging products. Water Solutions also experienced high-single-digit declines in organic sales, driven by lower volumes from distributor inventory destocking in China. Conversely, Shelter Solutions achieved low-single-digit growth in organic sales, supported by improved demand in construction markets compared to the prior year.</p>
<h3>Financials</h3>
<p>DuPont had cash and cash equivalents of $1,503 million at the end of the quarter, down around 70% year over year. Long-term debt was $7,168 million, down about 7.8% year over year.</p>
<p>The company generated operating cash flow from continuing operations of $527 million in the second quarter.</p>
<h3>Outlook</h3>
<p>DuPont has revised its financial outlook for the year, raising the company&#39;s projections for net sales, operating EBITDA and adjusted EPS. The company now anticipates full-year 2024 net sales to be $12.45 billion, operating EBITDA to be $3.085 billion and adjusted EPS to be $3.75 per share, based on the midpoint of the updated guidance ranges.</p>
<p>For the third quarter of 2024, DuPont expects a return to year-over-year organic sales growth, led by the Electronics &amp; Industrial segment. Sales and earnings growth in the Water &amp; Protection segment are anticipated to begin in the fourth quarter. The company forecasts net sales of $3.2 billion, operating EBITDA of $815 million and adjusted EPS of $1.03 for the third quarter.</p>
<h3>Price Performance</h3>
<p>DuPont&#39;s shares have increased 4.4% in a year versus a 10.4% decline in the&nbsp;industry.</p>
<p><img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/b2/72962.jpg?v=2088085748" /></p>
<p>Image Source: Zacks Investment Research</p>
<h3>Zacks Rank &amp; Key Picks</h3>
<p>DuPont currently has a Zacks Rank #4 (Sell).</p>
<p>Some better-ranked stocks in the Basic Materials space are <strong>Hecla Mining Company </strong>(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/hl#NYSE">HL</a>), <strong>Franco-Nevada Corporation</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fnv#NYSE">FNV</a>) and <strong>Ashland Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ash#NYSE">ASH</a>). Hecla and Franco-Nevada sport a Zacks Rank #1 (Strong Buy) and Ashland carries a Zacks Rank #2 (Buy) at present.</p>
<p>The Zacks Consensus Estimate for Hecla&#39;s current-year earnings is pegged at 5 cents, indicating a rise of 600% from year-ago levels. The consensus estimate for HL&#39;s earnings has increased 25% in the past 60 days.The stock has gained nearly 2.2% in the past year. It will report second-quarter results on Aug 6.</p>
<p>The Zacks Consensus Estimate for FNV&#39;s current-year earnings is pegged at $3.27. The consensus estimate for FNV&#39;s earnings has increased by 3% in the past 60 days. FNV beat the consensus estimate in the last four quarters, with the average earnings surprise being 10.5%. It is scheduled to release second-quarter results on Aug 13.</p>
<p>The Zacks Consensus Estimate for ASH&#39;s current-year earnings is pegged at $4.56, indicating a year-over-year rise of 12%. ASH&#39;s earnings beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, the average earnings surprise being 5.3%. The company&#39;s shares have increased 5.4% in the past year. It is slated to report fiscal third-quarter results on Aug 6.</p>
<p><a href="https://www.zacks.com/stock/news/2313038/dupont-s-dd-earnings-and-revenues-top-estimates-in-q2?cid=CS-BENZ-FT-analyst_blog|earnings_article-2313038">To read this article on Zacks.com click here.</a></p>


DuPont's Earnings and Revenues Top Estimates in Q2

<p>On CNBC's &#8220;<a href="https://www.benzinga.com/topic/mad-money">Mad Money Lightning Round</a>,&#8221; <strong>Jim Cramer</strong> said <strong>Jumia Technologies AG</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JMIA#NYSE">JMIA</a>) is not making a <a href="https://www.benzinga.com/quote/JMIA/earnings">lot of money.</a></p>
<p>The company will release results for the second quarter before the opening bell on Tuesday, Aug. 6.</p>
<p>Benchmark analyst Fawne Jiang initiated coverage of Jumia&#8217;s stock on July 9 with a Buy rating and a $14 price target. The African e-commerce company is poised to benefit from multi-year and potentially multi-decade e-commerce growth in the region.</p>
<p><strong>See Also: <a href="https://www.benzinga.com/etfs/specialty-etfs/23/03/31299793/exclusive-jim-cramer-recommended-svb-financial-in-february-an-example-of-his-reverse-midas-to">Jim Cramer Recommended This Bank A Month Before It Collapsed, An Example Of &#8216;His Reverse Midas Touch&#8217;</a></strong></p>
<p>When asked about <strong>Adeia Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADEA#NASDAQ">ADEA</a>), he said, &#8220;I would actually put Trade, TTD, which was down very badly today off of Alphabet, and I think that's the one you want to buy.&#8221;</p>
<p>Adeia will announce its financial results for the second quarter on Tuesday, Aug. 6, after the closing bell. Analysts expect the company to report quarterly earnings at 23 cents per share on revenue of $84.25 million.</p>
<p>The &#8220;Mad Money&#8221; host said he likes <strong>Broadcom Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>). &#8220;I think it's absolutely terrific. It's going to get hammered along with the rest of the rotation,&#8221; he added.</p>
<p>On July 17, Cantor Fitzgerald analyst C J Muse maintained Broadcom with an Overweight rating, while adjusting target to $200 from $2,000 (10-1 stock split).</p>
<p>&#8220;I've always been a believer in the gold stocks,&#8221; Cramer said when asked about <strong>Hecla Mining Company</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HL#NYSE">HL</a>). &#8220;It's not always worked out, but right now it is. Yours is good.&#8221;</p>
<p>Hecla Mining will release its second quarter operational and financial results after the closing bell on Aug. 6. Analysts expect the company to report quarterly earnings at 4 cents per share on revenue of $219.2 million.</p>
<p>Cramer recommended buying <strong>AeroVironment, Inc</strong>. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVAV#NASDAQ">AVAV</a>). &#8220;All I know is that drones work,&#8221; he noted.</p>
<p>On July 23, René Carbone Bardorf joined AeroVironment (AV) as Vice President of Marketing and Communications.</p>
<p><strong>Price Action:</strong></p>
<ul>
<li>Adeia shares fell 3.6% to settle at $11.38 on Wednesday.</li>
<li>Hecla Mining shares fell 1% to settle at $5.88.</li>
<li>Jumia dipped 11.3% to close at $12.24 during Wednesday's session.</li>
<li>AeroVironment shares slipped 0.7% to settle at $170.31.</li>
<li>Broadcom shares fell 7.6% to settle at $151.34 on Wednesday.</li>
</ul>
<p><strong>Read Next: </strong></p>
<ul>
<li><strong><a href="https://www.benzinga.com/news/24/07/39931967/nvidia-mcdonalds-and-2-other-stocks-insiders-are-selling">Nvidia, McDonald&#8217;s And 2 Other Stocks Insiders Are Selling</a></strong></li>
</ul>


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