Hecla Mining (NYSE:HL) issued its earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02, Bloomberg Earnings reports. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue for the quarter was down 2.6% on a year-over-year basis.
Shares of Hecla Mining (HL) traded down $0.11 on Thursday, hitting $3.91. The stock had a trading volume of 2,719,376 shares, compared to its average volume of 5,065,735. The firm has a market capitalization of $1,544.20, a price-to-earnings ratio of 64.92, a price-to-earnings-growth ratio of 25.38 and a beta of 0.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. Hecla Mining has a 52 week low of $3.38 and a 52 week high of $6.72.
Several equities research analysts have weighed in on HL shares. Royal Bank of Canada set a $6.00 target price on Hecla Mining and gave the stock a “hold” rating in a research report on Wednesday, October 18th. HC Wainwright reaffirmed a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a research report on Friday, November 3rd. B. Riley reissued a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. BMO Capital Markets reissued a “hold” rating on shares of Hecla Mining in a report on Wednesday, November 8th. Finally, ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $5.61.
Hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. boosted its stake in Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after buying an additional 3,143 shares in the last quarter. First Allied Advisory Services Inc. bought a new position in Hecla Mining during the fourth quarter valued at about $108,000. Advisor Group Inc. boosted its stake in Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after buying an additional 16,561 shares in the last quarter. Ameritas Investment Partners Inc. boosted its stake in Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after buying an additional 1,643 shares in the last quarter. Finally, Stone Ridge Asset Management LLC bought a new position in Hecla Mining during the fourth quarter valued at about $146,000. 56.62% of the stock is owned by institutional investors and hedge funds.
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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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