What's the outlook for HL's earnings?

Hecla Mining's (NYSE:HL) earnings outlook appears challenging based on the following points: 1. **Analyst Downgrades and Adjustments**: B. Riley has cut its FY2026 EPS estimates for Hecla Mining from $0.27 to $0.18. This adjustment reflects a more cautious outlook on the company's earnings potential. The consensus estimate for HL's current full-year earnings is $0.21 per share. 2. **Q1 2025 Earnings Estimates**: B. Riley also provided estimates for Q1 2025, forecasting earnings of $0.02 per share. This suggests a potential decline in earnings compared to the previous quarter. 3. **Recent Performance and Market Conditions**: Hecla Mining has recently benefited from favorable conditions for precious metals, leading to a surge in stock price. However, this positive momentum may not necessarily translate to immediate earnings growth. 4. **Cost and Operational Challenges**: The company is facing a higher-cost year ahead, which could impact profitability. Operational challenges, such as lower equipment availability at Greens Creek Mine, have affected production and costs. 5. **Consensus and Price Target**: The consensus rating for Hecla Mining is "Moderate Buy" with a consensus price target of $7.75. This suggests that while there is potential for growth, analysts are cautious and recognize the risks. In conclusion, while there are some positive factors for Hecla Mining, such as favorable metal prices, the company's earnings outlook is tempered by analyst downgrades, operational challenges, and higher costs. Investors should monitor these factors closely for any signs of improvement or further declines in earnings.