Hecla Mining (NYSE:HL) Issues Earnings Results, Beats Expectations By $0.01 EPS

Hecla Mining (NYSE:HL) released its quarterly earnings results on Tuesday. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01, Yahoo Finance reports. The business had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. During the same period last year, the business earned $0.03 EPS.

Hecla Mining Price Performance

HL stock traded up $0.19 on Thursday, hitting $5.00. 7,034,986 shares of the company’s stock traded hands, compared to its average volume of 8,280,515. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.35. The stock has a market cap of $3.13 billion, a price-to-earnings ratio of -33.33 and a beta of 2.01. The stock has a fifty day moving average of $5.40 and a 200-day moving average of $4.88. The company has a current ratio of 1.67, a quick ratio of 1.00 and a debt-to-equity ratio of 0.34.

Hecla Mining Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 5th. Stockholders of record on Monday, August 26th will be paid a $0.0138 dividend. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Monday, August 26th. Hecla Mining’s dividend payout ratio is currently -13.33%.

Insider Activity at Hecla Mining

In related news, CAO Michael L. Clary sold 30,634 shares of the stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the completion of the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at $1,728,182.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the sale, the chief financial officer now owns 393,894 shares in the company, valued at $1,934,019.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michael L. Clary sold 30,634 shares of the business’s stock in a transaction that occurred on Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $150,412.94. Following the sale, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The disclosure for this sale can be found here. Insiders sold a total of 67,105 shares of company stock valued at $329,486 over the last ninety days. Insiders own 1.40% of the company’s stock.

Analyst Upgrades and Downgrades

HL has been the subject of several recent analyst reports. Roth Mkm decreased their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. HC Wainwright reissued a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday. Cibc World Mkts raised shares of Hecla Mining to a “hold” rating in a report on Wednesday, May 22nd. Finally, CIBC raised their price objective on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a report on Wednesday, May 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $6.89.

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.