Hecla Mining (NYSE:HL) Announces Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Hecla Mining (NYSE:HL) posted its earnings results on Tuesday. The basic materials company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.08, Zacks reports. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%.

Hecla Mining Stock Down 2.5%

NYSE HL traded down $0.34 during trading hours on Tuesday, hitting $13.20. 28,939,719 shares of the company were exchanged, compared to its average volume of 27,459,350. Hecla Mining has a 52 week low of $11.81 and a 52 week high of $34.17. The stock has a 50-day moving average price of $17.57 and a 200 day moving average price of $18.66. The stock has a market cap of $8.87 billion, a PE ratio of 26.93 and a beta of 1.37.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price target on the stock. Weiss Ratings lowered Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Zacks Research upgraded Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Royal Bank Of Canada reduced their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Finally, Scotiabank decreased their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.34.

About Hecla Mining

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.