Hecla Mining Company (HL) Set to Announce Earnings on Thursday
Hecla Mining Company (NYSE:HL) is scheduled to post its quarterly earnings results before the market opens on Thursday, August 3rd. Analysts expect Hecla Mining to post earnings of $0.01 per share for the quarter.
Hecla Mining (NYSE:HL) last released its earnings results on Monday, May 8th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The company had revenue of $142.50 million for the quarter, compared to the consensus estimate of $160.24 million. Hecla Mining had a return on equity of 5.45% and a net margin of 14.75%. Hecla Mining’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share. On average, analysts expect Hecla Mining to post $0.16 EPS for the current fiscal year and $0.2 EPS for the next fiscal year.
Hecla Mining Company (NYSE:HL) traded down 3.30% during trading on Thursday, reaching $5.27. The company had a trading volume of 2,772,628 shares. Hecla Mining Company has a 52 week low of $4.61 and a 52 week high of $7.64. The stock has a 50 day moving average price of $5.26 and a 200 day moving average price of $5.60. The firm has a market capitalization of $2.09 billion, a P/E ratio of 21.34 and a beta of 0.43.
Several equities research analysts have weighed in on HL shares. BidaskClub downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of Hecla Mining in a research report on Sunday, June 25th. Royal Bank Of Canada set a $6.00 price target on Hecla Mining and gave the stock a “hold” rating in a research report on Monday, April 24th. Zacks Investment Research downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, TheStreet raised Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $6.81.
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Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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