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

Hecla Mining (NYSE:HL) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01), Briefing.com reports. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The firm had revenue of $161.50 million for the quarter, compared to analyst estimates of $179.40 million. During the same quarter last year, the company earned ($0.05) earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year.

NYSE:HL traded up $0.08 during trading hours on Friday, reaching $2.31. The company had a trading volume of 7,844,255 shares, compared to its average volume of 7,279,325. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -21.00 and a beta of 0.97. The business’s 50-day simple moving average is $2.03 and its two-hundred day simple moving average is $1.80. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.07.

In other Hecla Mining news, Director Catherine J. Boggs acquired 40,540 shares of Hecla Mining stock in a transaction dated Friday, August 16th. The stock was purchased at an average cost of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the acquisition, the director now directly owns 40,540 shares of the company’s stock, valued at $60,810. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.

A number of research firms have commented on HL. BMO Capital Markets upgraded shares of Hecla Mining from an “underperform” rating to a “market perform” rating and raised their price target for the stock from $1.60 to $2.20 in a report on Thursday. Cantor Fitzgerald upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. B. Riley reduced their price target on shares of Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, HC Wainwright raised their price target on shares of Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $2.10.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Featured Story: How to invest in a bear market

Earnings History for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit