Hecla Mining (NYSE:HL) posted its quarterly earnings data on Thursday. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01), Briefing.com reports. The company had revenue of $161.50 million during the quarter, compared to analyst estimates of $179.40 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) earnings per share.
HL traded up $0.08 during trading on Friday, reaching $2.31. 7,844,255 shares of the stock traded hands, compared to its average volume of 7,279,325. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $1.13 billion, a PE ratio of -21.00 and a beta of 0.97. The stock’s 50-day moving average is $2.03 and its 200 day moving average is $1.80. Hecla Mining has a 12 month low of $1.21 and a 12 month high of $3.07.
In other news, Director Catherine J. Boggs purchased 40,540 shares of the business’s stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $1.50 per share, with a total value of $60,810.00. Following the completion of the transaction, the director now owns 40,540 shares of the company’s stock, valued at approximately $60,810. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.80% of the company’s stock.
HL has been the subject of a number of recent research reports. HC Wainwright increased their price objective on Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a report on Monday, August 19th. BMO Capital Markets upgraded Hecla Mining from an “underperform” rating to a “market perform” rating and increased their price objective for the company from $1.60 to $2.20 in a report on Thursday. Cantor Fitzgerald upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday. B. Riley decreased their price objective on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a report on Wednesday, August 7th. Five investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. Hecla Mining currently has an average rating of “Hold” and a consensus price target of $2.10.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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