Hecla Mining (NYSE:HL) Releases Earnings Results

Hecla Mining (NYSE:HL) posted its earnings results on Wednesday. The basic materials company reported $0.03 earnings per share 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 net margin of 5.56% and a negative return on equity of 0.42%. The company’s revenue was up 34.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.01) earnings per share.

Hecla Mining Stock Down 3.1 %

Shares of HL traded down $0.19 during trading hours on Thursday, reaching $6.01. 19,764,170 shares of the stock traded hands, compared to its average volume of 9,016,397. 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 stock has a fifty day simple moving average of $6.53 and a 200 day simple moving average of $5.83. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.68. The company has a market cap of $3.78 billion, a price-to-earnings ratio of -77.50 and a beta of 2.00.

Insider Activity at Hecla Mining

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

Analyst Upgrades and Downgrades

Several research analysts have commented on HL shares. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. 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. Finally, Roth Mkm cut 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 given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus 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.