Hecla Mining (NYSE:HL) Shares Gap Up After Better-Than-Expected Earnings

Shares of Hecla Mining Company (NYSE:HL) gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $13.21, but opened at $14.37. Hecla Mining shares last traded at $14.4260, with a volume of 7,671,290 shares changing hands.

The basic materials company reported $0.22 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%. The business had revenue of $394.82 million for the quarter, compared to the consensus estimate of $340.10 million. During the same quarter in the prior year, the business posted $0.15 earnings per share. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be given a dividend of $0.0037 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, November 23rd. Hecla Mining’s dividend payout ratio is presently 2.04%.

Hecla Mining News Summary

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Hecla reported Q3 earnings of $0.22 per share, above the $0.14 consensus estimate, and revenue of $394.82 million, ahead of expectations of $340.10 million. A separate report highlighted record cash flow, supporting the positive reaction to the results. Hecla Mining Reports Strong Q3 Results and Record Cash Flow
• Neutral Sentiment: The company revised its FY2026 production guidance. Without details on the revised targets, the impact on expected output is unclear. Hecla Mining Q3 Profit Climbs; Revises FY26 Production Guidance
• Neutral Sentiment: Hecla appointed Dale Andres to its board; the announcement does not indicate an immediate financial or operational change. Hecla Announces Dale Andres Joining the Board
• Neutral Sentiment: The company declared a quarterly dividend of $0.0037 per share, equivalent to about $0.01 annually and a 0.1% yield.
• Negative Sentiment: Despite beating estimates, revenue was down 3.5% year over year, a sign of weaker sales compared with the prior-year quarter.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in Hecla Mining in the second quarter valued at $1,085,779,000. Van ECK Associates Corp grew its holdings in Hecla Mining by 15.3% during the 2nd quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock worth $589,027,000 after acquiring an additional 5,053,624 shares during the period. Bank of New York Mellon Corp grew its holdings in Hecla Mining by 2.5% during the 1st quarter. Bank of New York Mellon Corp now owns 4,689,144 shares of the basic materials company’s stock worth $87,359,000 after acquiring an additional 112,962 shares during the period. Renaissance Technologies LLC bought a new position in shares of Hecla Mining in the 1st quarter worth about $72,659,000. Finally, Principal Financial Group Inc. raised its position in shares of Hecla Mining by 43.6% in the 1st quarter. Principal Financial Group Inc. now owns 2,085,290 shares of the basic materials company’s stock worth $38,849,000 after acquiring an additional 632,831 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

The business has a 50 day moving average price of $17.42 and a 200-day moving average price of $18.60. The company has a market capitalization of $9.69 billion, a price-to-earnings ratio of 29.37 and a beta of 1.44.

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.