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

Hecla Mining (NYSE:HL) issued its quarterly earnings data on Wednesday. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate of $0.02 by $0.01, Briefing.com reports. The business had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The firm’s revenue was up 34.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.01) EPS.

Hecla Mining Stock Down 3.1 %

Shares of NYSE HL traded down $0.19 during mid-day trading on Thursday, hitting $6.01. The company had a trading volume of 19,764,170 shares, compared to its average volume of 9,016,397. The company has a market capitalization of $3.78 billion, a PE ratio of -77.50 and a beta of 2.00. The firm has a 50-day simple moving average of $6.53 and a two-hundred day simple moving average of $5.83. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. Hecla Mining has a one year low of $3.33 and a one year high of $7.68.

Insider Activity

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

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.