Hecla Mining (NYSE:HL) released its quarterly earnings data on Thursday. The basic materials company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.01), Briefing.com reports. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business had revenue of $161.50 million for the quarter, compared to the consensus estimate of $179.40 million. During the same quarter last year, the business earned ($0.05) EPS. Hecla Mining’s revenue for the quarter was up 12.4% compared to the same quarter last year.
Shares of Hecla Mining stock traded up $0.08 during trading on Friday, hitting $2.31. The stock had a trading volume of 7,844,255 shares, compared to its average volume of 7,279,325. The firm’s fifty day simple moving average is $2.03 and its 200-day simple moving average is $1.80. The stock has a market cap of $1.13 billion, a PE ratio of -21.00 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. Hecla Mining has a 12 month low of $1.21 and a 12 month high of $3.07.
In other news, Director Catherine J. Boggs bought 40,540 shares of the 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 acquisition, the director now owns 40,540 shares of the company’s stock, valued at $60,810. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.
HL has been the subject of several research reports. Cantor Fitzgerald upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Friday. BMO Capital Markets upgraded shares of Hecla Mining from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $1.60 to $2.20 in a research report on Thursday. B. Riley lowered their price objective on shares of Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research report on Friday, October 11th. Canaccord Genuity lowered shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a research report on Wednesday, August 7th. Finally, HC Wainwright increased their price objective on shares of Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $2.10.
About Hecla Mining
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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