Hecla Mining (NYSE:HL) released its quarterly earnings results on Thursday. The basic materials company reported $0.04 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02, Bloomberg Earnings reports. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The business had revenue of $160.10 million during the quarter, compared to analyst estimates of $156.85 million. During the same quarter last year, the company posted $0.03 EPS. Hecla Mining’s revenue for the quarter was down 2.6% on a year-over-year basis.
Hecla Mining (NYSE HL) traded down $0.11 during trading hours on Thursday, hitting $3.91. The company had a trading volume of 2,719,376 shares, compared to its average volume of 5,065,735. The firm has a market cap of $1,544.20, a price-to-earnings ratio of 64.92, a price-to-earnings-growth ratio of 25.38 and a beta of 0.25. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. Hecla Mining has a fifty-two week low of $3.38 and a fifty-two week high of $6.72.
HL has been the subject of a number of recent analyst reports. Canaccord Genuity upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Tuesday, November 14th. Cantor Fitzgerald initiated coverage on Hecla Mining in a research report on Monday, December 4th. They issued a “buy” rating and a $5.00 price target for the company. B. Riley upgraded Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, November 30th. HC Wainwright reiterated a “buy” rating and issued a $8.50 price target on shares of Hecla Mining in a research report on Friday, November 3rd. Finally, Zacks Investment Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $5.61.
Institutional investors have recently made changes to their positions in the stock. First Allied Advisory Services Inc. purchased a new stake in Hecla Mining in the 4th quarter worth about $108,000. Ameriprise Financial Inc. raised its stake in shares of Hecla Mining by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,143 shares in the last quarter. Advisor Group Inc. raised its stake in shares of Hecla Mining by 148.1% during the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 16,561 shares in the last quarter. Stone Ridge Asset Management LLC purchased a new stake in shares of Hecla Mining during the 4th quarter worth about $146,000. Finally, Ameritas Investment Partners Inc. raised its stake in shares of Hecla Mining by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 1,643 shares in the last quarter. 56.62% of the stock is owned by hedge funds and other institutional investors.
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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.
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