Hecla Mining (NYSE:HL) Posts Earnings Results

Hecla Mining (NYSE:HL) released its quarterly earnings data on Thursday. The basic materials company reported $0.04 earnings per share 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%. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million.

Hecla Mining Stock Performance

NYSE HL traded down $0.95 during trading hours on Friday, reaching $5.43. 33,086,645 shares of the company were exchanged, compared to its average volume of 15,514,309. Hecla Mining has a 1 year low of $3.40 and a 1 year high of $7.68. The business’s 50 day simple moving average is $5.44 and its 200-day simple moving average is $5.85. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.41 billion, a P/E ratio of -135.63 and a beta of 1.91.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities dropped their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. Finally, HC Wainwright reissued a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a research report on Friday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $8.25.

About Hecla Mining

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.