Hecla Mining (NYSE:HL) posted its earnings results on Thursday. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01), Morningstar.com reports. The company had revenue of $143.70 million for the quarter, compared to the consensus estimate of $149.34 million. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. Hecla Mining’s revenue was up 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.04 EPS.

Shares of NYSE HL traded down $0.02 during midday trading on Friday, hitting $2.43. 4,944,278 shares of the company’s stock traded hands, compared to its average volume of 5,580,805. Hecla Mining has a 1 year low of $2.17 and a 1 year high of $4.63. The firm has a market capitalization of $1.16 billion, a P/E ratio of 24.30, a PEG ratio of 151.88 and a beta of 0.41. The company has a quick ratio of 2.77, a current ratio of 3.35 and a debt-to-equity ratio of 0.36.

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 given a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend is Monday, November 19th. Hecla Mining’s payout ratio is currently 10.00%.

Several equities analysts have issued reports on the stock. HC Wainwright set a $7.00 target price on shares of Hecla Mining and gave the company a “buy” rating in a research note on Friday. ValuEngine raised shares of Hecla Mining from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $3.50 price target (down previously from $4.00) on shares of Hecla Mining in a research report on Thursday, August 9th. Canaccord Genuity raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. One investment 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 company currently has an average rating of “Hold” and an average price target of $4.61.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in Hecla Mining by 7.4% in the 2nd quarter. Van ECK Associates Corp now owns 44,849,502 shares of the basic materials company’s stock worth $156,076,000 after acquiring an additional 3,102,585 shares in the last quarter. BlackRock Inc. increased its holdings in Hecla Mining by 16.2% in the 3rd quarter. BlackRock Inc. now owns 32,513,553 shares of the basic materials company’s stock worth $90,712,000 after acquiring an additional 4,525,664 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in Hecla Mining by 3.3% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 9,500,000 shares of the basic materials company’s stock worth $26,505,000 after acquiring an additional 300,000 shares in the last quarter. Global X Management Co LLC increased its holdings in Hecla Mining by 34.1% in the 2nd quarter. Global X Management Co LLC now owns 5,639,768 shares of the basic materials company’s stock worth $19,626,000 after acquiring an additional 1,435,562 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Hecla Mining by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 5,556,962 shares of the basic materials company’s stock worth $15,504,000 after acquiring an additional 107,055 shares in the last quarter. 51.90% of the stock is owned by hedge funds and other institutional investors.

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Hecla Mining Company Profile

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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Earnings History for Hecla Mining (NYSE:HL)

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