Hecla Mining (HL) Set to Announce Earnings on Thursday

Hecla Mining (NYSE:HL) is scheduled to post its quarterly earnings results before the market opens on Thursday, February 15th. Analysts expect Hecla Mining to post earnings of $0.04 per share for the quarter.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The company had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same quarter in the previous year, the business posted $0.07 earnings per share. Hecla Mining’s quarterly revenue was down 21.5% on a year-over-year basis. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of Hecla Mining (NYSE:HL) opened at $3.57 on Thursday. Hecla Mining has a 1 year low of $3.43 and a 1 year high of $6.78. The firm has a market cap of $1,440.00, a price-to-earnings ratio of 59.50, a P/E/G ratio of 23.74 and a beta of 0.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.

Several equities research analysts recently weighed in on the stock. B. Riley restated a “neutral” rating on shares of Hecla Mining in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. HC Wainwright restated a “buy” rating and issued a $8.50 price target on shares of Hecla Mining in a research report on Friday, November 3rd. Finally, Canaccord Genuity upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $5.54.

In related news, Director Theodore Crumley bought 10,000 shares of the stock in a transaction dated Thursday, December 7th. The stock was purchased at an average cost of $3.49 per share, with a total value of $34,900.00. Following the completion of the purchase, the director now owns 126,536 shares of the company’s stock, valued at $441,610.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Phillips S. Baker, Jr. bought 13,000 shares of the stock in a transaction dated Thursday, December 14th. The shares were bought at an average cost of $3.76 per share, with a total value of $48,880.00. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

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About Hecla Mining

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.

Earnings History for Hecla Mining (NYSE:HL)

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