Hecla Mining (HL) Issues Quarterly Earnings Results

Hecla Mining (NYSE:HL) issued its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) 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 during the quarter, compared to analyst estimates of $156.85 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year.

Hecla Mining (NYSE:HL) traded down $0.09 during midday trading on Thursday, hitting $3.93. The stock had a trading volume of 3,093,033 shares, compared to its average volume of 5,069,408. Hecla Mining has a 12 month low of $3.38 and a 12 month high of $6.72. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The company has a market cap of $1,570.00, a price-to-earnings ratio of 65.50, a PEG ratio of 25.38 and a beta of 0.26.

Several equities research analysts have issued reports on HL shares. Cantor Fitzgerald started coverage on Hecla Mining in a research note on Monday, December 4th. They set a “buy” rating and a $5.00 price target for the company. Royal Bank of Canada set a $6.00 price target on Hecla Mining and gave the stock a “hold” rating in a research note on Wednesday, October 18th. BMO Capital Markets started coverage on Hecla Mining in a research note on Friday, November 17th. They set a “market perform” rating and a $4.75 price target for the company. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Finally, Zacks Investment Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $5.61.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Ameriprise Financial Inc. lifted its stake in shares of Hecla Mining by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 3,143 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Hecla Mining by 3.0% during the 2nd quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 1,934 shares during the period. New York State Common Retirement Fund increased its holdings in Hecla Mining by 2.2% during the 2nd quarter. New York State Common Retirement Fund now owns 402,500 shares of the basic materials company’s stock valued at $2,053,000 after purchasing an additional 8,499 shares during the period. Northern Trust Corp increased its holdings in Hecla Mining by 4.4% during the 2nd quarter. Northern Trust Corp now owns 4,874,491 shares of the basic materials company’s stock valued at $24,860,000 after purchasing an additional 203,876 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock valued at $163,877,000 after purchasing an additional 288,819 shares during the period. 56.62% of the stock is owned by institutional investors.

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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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