Hecla Mining (NYSE:HL) Issues Quarterly Earnings Results

Hecla Mining (NYSE:HL) released its 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 firm had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The company’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.01) earnings per share.

Hecla Mining Stock Performance

NYSE:HL traded down $0.18 during trading hours on Thursday, reaching $6.02. The company had a trading volume of 21,343,865 shares, compared to its average volume of 9,023,711. The firm has a market cap of $3.79 billion, a price-to-earnings ratio of -77.50 and a beta of 2.00. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average price is $6.53 and its 200-day moving average price is $5.83. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 1.40% of the company’s stock.

Wall Street Analyst Weigh In

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

About Hecla Mining

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.