Hecla Mining (NYSE:HL) issued its earnings results on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01), Briefing.com reports. The business had revenue of $161.50 million during the quarter, compared to the consensus estimate of $179.40 million. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The company’s revenue for the quarter was up 12.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share.
Shares of NYSE HL traded up $0.08 during midday trading on Friday, hitting $2.31. 7,844,255 shares of the stock traded hands, compared to its average volume of 7,279,325. The company has a market cap of $1.13 billion, a PE ratio of -21.00 and a beta of 0.97. Hecla Mining has a one year low of $1.21 and a one year high of $3.07. The business has a 50 day moving average price of $2.03 and a two-hundred day moving average price of $1.80. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.55 and a current ratio of 1.23.
Several equities research analysts have recently commented on HL shares. BMO Capital Markets upgraded Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their price objective for the company from $1.60 to $2.20 in a report on Thursday. Zacks Investment Research downgraded Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a report on Wednesday, August 7th. HC Wainwright boosted their price objective on Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a report on Monday, August 19th. Finally, Cantor Fitzgerald upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday. Five investment analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $2.10.
In other news, Director Catherine J. Boggs acquired 40,540 shares of the firm’s stock in a transaction dated Friday, August 16th. The stock was purchased at an average price of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the acquisition, the director now directly owns 40,540 shares in the company, valued at approximately $60,810. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.80% of the company’s stock.
Hecla Mining Company Profile
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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