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

Hecla Mining (NYSE:HL) posted its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01), Zacks reports. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%.

Hecla Mining Price Performance

HL stock traded up $0.09 during midday trading on Thursday, reaching $6.38. 23,576,438 shares of the company’s stock traded hands, compared to its average volume of 16,565,268. The company has a 50-day simple moving average of $5.43 and a two-hundred day simple moving average of $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 company has a market cap of $4.01 billion, a price-to-earnings ratio of -159.38 and a beta of 1.91. Hecla Mining has a 1-year low of $3.34 and a 1-year high of $7.68.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. TD Securities lowered their price target on 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, National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and an average price target of $7.94.

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.