Hecla Mining (NYSE:HL) Announces Earnings Results

Hecla Mining (NYSE:HL) released its quarterly earnings data on Thursday. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01), Zacks reports. 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 %

NYSE:HL opened at $5.43 on Friday. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $5.44 and a 200 day moving average price of $5.85. Hecla Mining has a fifty-two week low of $3.40 and a fifty-two week high of $7.68.

Hecla Mining Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a dividend of $0.0038 per share. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.28%. Hecla Mining’s payout ratio is currently -125.00%.

Wall Street Analysts Forecast Growth

HL has been the subject of a number of recent research reports. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities cut their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, HC Wainwright restated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining presently has an average rating of “Moderate Buy” and an average target price 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.