Hecla Mining (NYSE:HL) Posts Earnings Results, Misses Expectations By $0.01 EPS

Hecla Mining (NYSE:HL - Get Free Report) announced its quarterly earnings data on Thursday. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01), Zacks reports. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%.

Hecla Mining Trading Down 14.8 %

Hecla Mining stock traded down $0.95 during trading hours on Monday, reaching $5.43. The company had a trading volume of 33,086,645 shares, compared to its average volume of 15,514,309. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. The company has a 50-day moving average price of $5.43 and a 200 day moving average price of $5.86. The firm has a market cap of $3.41 billion, a price-to-earnings ratio of -135.63 and a beta of 1.91. Hecla Mining has a 12-month low of $3.40 and a 12-month high of $7.68.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Shareholders of record on Monday, March 10th will be paid a $0.0038 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. Hecla Mining's dividend payout ratio (DPR) is currently -125.00%.

Analysts Set New Price Targets

Several research firms have recently weighed in on HL. TD Securities cut their price target on Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. HC Wainwright reiterated a "buy" rating and set a $11.50 price target on shares of Hecla Mining in a research note on Friday. StockNews.com upgraded Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday. Finally, National Bank Financial downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Hecla Mining has a consensus rating of "Moderate Buy" and an average price target of $8.25.

About Hecla Mining

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.