Hecla Mining (NYSE:HL) Issues Quarterly Earnings Results

Hecla Mining (NYSE:HL) issued its quarterly earnings results on Thursday. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate 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 Stock Down 14.8 %

Shares of NYSE:HL opened at $5.43 on Friday. The company’s fifty day moving average price is $5.44 and its 200 day moving average price is $5.85. Hecla Mining has a 12 month low of $3.40 and a 12 month high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining Cuts Dividend

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

Analyst Ratings Changes

Several equities analysts have commented on HL shares. TD Securities decreased their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Finally, HC Wainwright reaffirmed a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday. One analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company 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.