Hecla Mining (NYSE:HL) Posts Earnings Results, Misses Expectations By $0.01 EPS

Hecla Mining (NYSE:HL) issued its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million.

Hecla Mining Stock Down 14.8 %

NYSE HL traded down $0.95 on Friday, hitting $5.43. 33,086,645 shares of the company were exchanged, compared to its average volume of 15,514,309. The company has a market cap of $3.41 billion, a PE ratio of -135.63 and a beta of 1.91. Hecla Mining has a 12 month low of $3.40 and a 12 month high of $7.68. The stock has a fifty day moving average of $5.44 and a 200-day moving average of $5.85. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.28%. The ex-dividend date is Monday, March 10th. Hecla Mining’s dividend payout ratio is presently -125.00%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HL shares. HC Wainwright reiterated a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday. TD Securities lowered their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. Finally, National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Hecla Mining has a consensus rating of “Moderate Buy” and an average price target of $8.25.

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.