Hecla Mining (NYSE:HL) Announces Quarterly Earnings Results, Beats Expectations By $0.08 EPS

Hecla Mining (NYSE:HL) announced its quarterly earnings data on Tuesday. The basic materials company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.14 by $0.08, Zacks reports. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%.

Hecla Mining Price Performance

NYSE HL traded down $0.34 during trading hours on Tuesday, hitting $13.20. The company’s stock had a trading volume of 28,939,719 shares, compared to its average volume of 27,459,350. Hecla Mining has a 12 month low of $11.81 and a 12 month high of $34.17. The company’s 50 day simple moving average is $17.57 and its two-hundred day simple moving average is $18.66. The company has a market cap of $8.87 billion, a P/E ratio of 26.93 and a beta of 1.37.

Analyst Upgrades and Downgrades

HL has been the topic of several analyst reports. Jefferies Financial Group assumed coverage on shares of Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 target price on the stock. Weiss Ratings cut shares of Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Scotiabank decreased their price objective on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada lowered their price objective on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 16th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $23.34.

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.