Hecla Mining (NYSE:HL) Announces Earnings Results, Misses Estimates By $0.01 EPS

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

Hecla Mining Price Performance

Shares of NYSE HL traded up $0.09 during midday trading on Thursday, reaching $6.38. The company’s stock had a trading volume of 23,638,027 shares, compared to its average volume of 16,566,734. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a fifty-two week low of $3.34 and a fifty-two week high of $7.68. The business’s 50 day moving average price is $5.43 and its two-hundred day moving average price is $5.85. The company has a market cap of $4.01 billion, a P/E ratio of -159.38 and a beta of 1.91.

Analyst Ratings Changes

A number of research firms recently commented on HL. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. Finally, TD Securities reduced their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Hecla Mining has a consensus rating of “Moderate Buy” and an average target price 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.