Hecla Mining (HL) Reaches New 52-Week Low After Earnings Miss

Hecla Mining (NYSE:HL) hit a new 52-week low during trading on Thursday after the company announced weaker than expected quarterly earnings. The company traded as low as $2.17 and last traded at $2.43, with a volume of 108264 shares trading hands. The stock had previously closed at $2.43.

The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.01). The business had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.34 million. Hecla Mining had a positive return on equity of 2.91% and a negative net margin of 1.02%. Hecla Mining’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.04 earnings per share.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 3rd. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.0025 per share. The ex-dividend date is Monday, November 19th. This represents a $0.01 annualized dividend and a dividend yield of 0.41%. Hecla Mining’s dividend payout ratio is currently 10.00%.

Several equities analysts have recently weighed in on HL shares. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Thursday, November 1st. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Tuesday, August 7th. B. Riley decreased their price target on shares of Hecla Mining from $5.00 to $3.75 and set a “buy” rating for the company in a research note on Thursday, September 20th. Canaccord Genuity cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 11th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $4.00 target price on shares of Hecla Mining in a research note on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $4.61.

Several large investors have recently added to or reduced their stakes in HL. Xact Kapitalforvaltning AB grew its stake in shares of Hecla Mining by 34.4% in the first quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock valued at $224,000 after buying an additional 15,600 shares in the last quarter. Creative Planning grew its stake in shares of Hecla Mining by 45.4% in the second quarter. Creative Planning now owns 796,260 shares of the basic materials company’s stock valued at $2,771,000 after buying an additional 248,538 shares in the last quarter. Alps Advisors Inc. grew its stake in shares of Hecla Mining by 43.9% in the second quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after buying an additional 563,063 shares in the last quarter. First Trust Advisors LP grew its stake in shares of Hecla Mining by 1,751.5% in the second quarter. First Trust Advisors LP now owns 277,004 shares of the basic materials company’s stock valued at $964,000 after buying an additional 262,043 shares in the last quarter. Finally, SG Americas Securities LLC grew its stake in shares of Hecla Mining by 294.6% in the second quarter. SG Americas Securities LLC now owns 247,959 shares of the basic materials company’s stock valued at $863,000 after buying an additional 185,127 shares in the last quarter. 51.90% of the stock is owned by institutional investors and hedge funds.

The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.77 and a current ratio of 3.35. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 151.88 and a beta of 0.41.

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Hecla Mining Company Profile (NYSE:HL)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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