Hecla Mining (NYSE:HL) announced its quarterly earnings results on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01), Briefing.com reports. The business had revenue of $161.50 million for the quarter, compared to analyst estimates of $179.40 million. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. Hecla Mining’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS.
Shares of Hecla Mining stock traded up $0.08 on Friday, hitting $2.31. The stock had a trading volume of 7,844,255 shares, compared to its average volume of 7,279,325. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.07. The business’s 50 day moving average is $2.03 and its two-hundred day moving average is $1.80. 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 stock has a market cap of $1.13 billion, a price-to-earnings ratio of -21.00 and a beta of 0.97.
A number of equities analysts have weighed in on HL shares. BMO Capital Markets raised Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $1.60 to $2.20 in a research report on Thursday. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Friday. Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target on the stock. in a research report on Wednesday, August 7th. HC Wainwright boosted their price target on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research report on Monday, August 19th. Finally, Zacks Investment Research downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $2.10.
In other news, Director Catherine J. Boggs bought 40,540 shares of the firm’s stock in a transaction dated Friday, August 16th. The shares were bought at an average price of $1.50 per share, with a total value of $60,810.00. Following the completion of the transaction, the director now owns 40,540 shares of the company’s stock, valued at $60,810. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.80% of the stock is currently owned by corporate insiders.
About Hecla Mining
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.
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