Hecla Mining (HL) Set to Announce Earnings on Wednesday

Hecla Mining (NYSE:HL - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that wish to register for the company's conference call can do so using this link.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The business had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. During the same period in the prior year, the business posted $0.03 earnings per share. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hecla Mining Trading Down 4.2 %

Shares of NYSE HL traded down $0.29 during midday trading on Wednesday, reaching $6.77. The company had a trading volume of 10,672,745 shares, compared to its average volume of 8,905,783. The firm's fifty day moving average price is $6.51 and its 200-day moving average price is $5.79. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The stock has a market cap of $4.26 billion, a PE ratio of -84.56 and a beta of 2.01.

Hecla Mining Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were given a $0.0138 dividend. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.06 annualized dividend and a yield of 0.81%. This is an increase from Hecla Mining's previous quarterly dividend of $0.00. Hecla Mining's payout ratio is presently -62.50%.

Insider Activity at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares of the company's stock, valued at approximately $1,175,949. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

HL has been the topic of several analyst reports. StockNews.com downgraded shares of Hecla Mining from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. HC Wainwright reaffirmed a "buy" rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. Finally, Roth Mkm cut their target price on Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have given a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.56.

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.