Hecla Mining Company (HL) Issues Earnings Results
Hecla Mining Company (NYSE:HL) announced its earnings results on Tuesday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02, Bloomberg Earnings reports. The company had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The firm’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.07 earnings per share.
Shares of Hecla Mining (NYSE HL) traded up $0.06 during midday trading on Tuesday, hitting $4.51. 4,699,235 shares of the stock were exchanged, compared to its average volume of 3,540,000. The stock has a market capitalization of $1,810.00, a P/E ratio of 44.50, a PEG ratio of 85.58 and a beta of 0.31. Hecla Mining has a 1-year low of $4.43 and a 1-year high of $7.64. The company has a current ratio of 2.56, a quick ratio of 2.14 and a debt-to-equity ratio of 0.34.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.22%. Hecla Mining’s dividend payout ratio (DPR) is presently 8.33%.
In other news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: This piece of content was first published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was copied illegally and reposted in violation of US & international copyright & trademark laws. The legal version of this piece of content can be viewed at https://www.watchlistnews.com/hecla-mining-company-hl-issues-earnings-results/1685457.html.
A number of brokerages have issued reports on HL. HC Wainwright restated a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a research report on Friday. TheStreet cut shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. ValuEngine upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Canaccord Genuity restated a “hold” rating and set a $5.25 target price on shares of Hecla Mining in a research report on Friday, October 6th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a report on Wednesday, September 20th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. Hecla Mining has an average rating of “Hold” and an average target price of $6.52.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
Receive News & Ratings for Hecla Mining Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining Company and related companies with Analyst Ratings Network's FREE daily email newsletter.