Hecla Mining (NYSE:HL) issued its quarterly earnings data on Wednesday. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03), Briefing.com reports. The business had revenue of $134.17 million during the quarter, compared to analyst estimates of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 5.97%. Hecla Mining’s revenue was down 8.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.01 earnings per share.
Shares of Hecla Mining stock traded down $0.14 during mid-day trading on Friday, hitting $1.57. 12,600,544 shares of the stock were exchanged, compared to its average volume of 10,115,319. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.15. The company has a market cap of $812.01 million, a PE ratio of -14.27 and a beta of 0.96. The stock has a 50-day moving average of $1.81. The company has a quick ratio of 0.45, a current ratio of 0.98 and a debt-to-equity ratio of 0.33.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a dividend of $0.002 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.01 annualized dividend and a dividend yield of 0.51%. Hecla Mining’s dividend payout ratio is currently -9.09%.
A number of equities research analysts recently commented on the stock. Canaccord Genuity cut shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective on the stock. in a research note on Wednesday. Scotiabank cut shares of Hecla Mining from a “sector perform” rating to an “underperform” rating and set a $1.00 price objective on the stock. in a research note on Friday, May 10th. ValuEngine raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. HC Wainwright reaffirmed a “buy” rating and set a $2.75 price target on shares of Hecla Mining in a research note on Thursday. Finally, JPMorgan Chase & Co. cut shares of Hecla Mining from an “overweight” rating to a “neutral” rating in a research note on Friday, May 10th. Six research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.30.
Several hedge funds have recently made changes to their positions in HL. Wedbush Securities Inc. purchased a new position in shares of Hecla Mining during the 1st quarter worth about $25,000. Piedmont Investment Advisors Inc. purchased a new position in shares of Hecla Mining during the 1st quarter worth about $32,000. Corient Capital Partners LLC purchased a new position in shares of Hecla Mining during the 2nd quarter worth about $41,000. Heritage Investors Management Corp purchased a new position in shares of Hecla Mining during the 1st quarter worth about $43,000. Finally, Raymond James & Associates lifted its holdings in shares of Hecla Mining by 14.1% during the 4th quarter. Raymond James & Associates now owns 38,519 shares of the basic materials company’s stock worth $91,000 after acquiring an additional 4,762 shares during the period. Institutional investors and hedge funds own 60.22% of the company’s stock.
About Hecla Mining
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.
Featured Story: How to Use the New Google Finance Tool
Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.