Hecla Mining (NYSE:HL) Releases Earnings Results, Misses Expectations By $0.01 EPS

Hecla Mining (NYSE:HL) announced its quarterly earnings results on Tuesday. The basic materials company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01), FiscalAI reports. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The firm had revenue of $333.85 million during the quarter, compared to analyst estimates of $368.75 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The business’s revenue was up 9.8% on a year-over-year basis.

Hecla Mining Stock Up 7.0%

Shares of NYSE HL traded up $1.00 during mid-day trading on Tuesday, reaching $15.44. 33,635,285 shares of the company’s stock were exchanged, compared to its average volume of 24,336,896. Hecla Mining has a twelve month low of $5.86 and a twelve month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 37.65 and a beta of 1.32. The business has a fifty day simple moving average of $15.61 and a 200 day simple moving average of $19.14.

Institutional Trading of Hecla Mining

A number of large investors have recently bought and sold shares of the business. Parallel Advisors LLC boosted its holdings in shares of Hecla Mining by 33.9% in the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock valued at $39,000 after buying an additional 509 shares during the period. Quadrant Capital Group LLC raised its holdings in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the period. Toronto Dominion Bank raised its holdings in shares of Hecla Mining by 5.4% during the fourth quarter. Toronto Dominion Bank now owns 12,494 shares of the basic materials company’s stock worth $239,000 after acquiring an additional 644 shares during the period. Axxcess Wealth Management LLC lifted its position in Hecla Mining by 9.0% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,905 shares of the basic materials company’s stock valued at $209,000 after acquiring an additional 905 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Hecla Mining by 134.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 957 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on HL shares. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Scotiabank cut their target price on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a report on Tuesday, July 14th. Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, April 29th. Finally, Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and an average price target of $24.12.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.