Hecla Mining (NYSE:HL) Announces Quarterly Earnings Results

Hecla Mining (NYSE:HL) announced its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%.

Hecla Mining Price Performance

Shares of HL stock traded down $0.24 on Friday, reaching $6.14. 2,692,959 shares of the company were exchanged, compared to its average volume of 16,059,435. Hecla Mining has a 1 year low of $3.40 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The business has a 50-day moving average price of $5.44 and a 200 day moving average price of $5.86. The company has a market cap of $3.85 billion, a price-to-earnings ratio of -153.40 and a beta of 1.91.

Analyst Ratings Changes

HL has been the subject of a number of research reports. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, TD Securities lowered their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.