Hecla Mining (NYSE:HL) Announces Earnings Results

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

Hecla Mining Stock Up 1.4 %

Shares of NYSE HL traded up $0.09 during mid-day trading on Thursday, hitting $6.38. The company had a trading volume of 23,638,027 shares, compared to its average volume of 16,566,734. The company has a market capitalization of $4.01 billion, a PE ratio of -159.38 and a beta of 1.91. The firm 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 current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Hecla Mining has a one year low of $3.34 and a one year high of $7.68.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on HL shares. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. TD Securities reduced 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 lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Company Profile

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.