Hecla Mining (NYSE:HL) Announces Quarterly Earnings Results

Hecla Mining (NYSE:HL) released its quarterly earnings results on Wednesday. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01, Briefing.com reports. The company had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. Hecla Mining’s revenue was up 34.7% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.01) EPS.

Hecla Mining Stock Down 2.9 %

Shares of HL traded down $0.18 during midday trading on Thursday, reaching $6.02. 21,348,555 shares of the stock were exchanged, compared to its average volume of 9,023,732. The company has a market cap of $3.79 billion, a price-to-earnings ratio of -77.50 and a beta of 2.00. The firm has a 50 day simple moving average of $6.53 and a 200-day simple moving average of $5.83. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HL shares. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.56.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares in the company, valued at approximately $1,175,949. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.40% of the stock is owned by insiders.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.