Hecla Mining (NYSE:HL) Shares Gap Up After Better-Than-Expected Earnings

Hecla Mining Company (NYSE:HL) shares gapped up before the market opened on Wednesday following a better than expected earnings announcement. The stock had previously closed at $13.21, but opened at $14.37. Hecla Mining shares last traded at $14.4260, with a volume of 7,671,290 shares trading hands.

The basic materials company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.08. The business had revenue of $394.82 million during the quarter, compared to analysts’ expectations of $340.10 million. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.15 earnings per share.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.0037 per share. The ex-dividend date is Monday, November 23rd. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.04%.

Key Headlines Impacting Hecla Mining

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Hecla reported Q3 earnings of $0.22 per share, above the $0.14 consensus estimate, and revenue of $394.82 million, ahead of expectations of $340.10 million. A separate report highlighted record cash flow, supporting the positive reaction to the results. Hecla Mining Reports Strong Q3 Results and Record Cash Flow
• Neutral Sentiment: The company revised its FY2026 production guidance. Without details on the revised targets, the impact on expected output is unclear. Hecla Mining Q3 Profit Climbs; Revises FY26 Production Guidance
• Neutral Sentiment: Hecla appointed Dale Andres to its board; the announcement does not indicate an immediate financial or operational change. Hecla Announces Dale Andres Joining the Board
• Neutral Sentiment: The company declared a quarterly dividend of $0.0037 per share, equivalent to about $0.01 annually and a 0.1% yield.
• Negative Sentiment: Despite beating estimates, revenue was down 3.5% year over year, a sign of weaker sales compared with the prior-year quarter.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on HL shares. Scotiabank decreased their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Royal Bank Of Canada cut their price target on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a report on Wednesday, September 16th. Jefferies Financial Group began coverage on Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective for the company. Zacks Research upgraded Hecla Mining to a “hold” rating in a report on Friday, July 17th. Finally, Weiss Ratings lowered Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $23.34.

Institutional Trading of Hecla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Abbington Investment Group lifted its holdings in shares of Hecla Mining by 1.6% in the third quarter. Abbington Investment Group now owns 319,907 shares of the basic materials company’s stock valued at $5,448,000 after purchasing an additional 5,135 shares in the last quarter. M Holdings Securities Inc. bought a new stake in Hecla Mining during the third quarter worth $204,000. Brighton Jones LLC grew its holdings in Hecla Mining by 7.5% during the third quarter. Brighton Jones LLC now owns 11,498 shares of the basic materials company’s stock worth $196,000 after buying an additional 800 shares in the last quarter. Ethic Inc. grew its holdings in Hecla Mining by 63.9% during the third quarter. Ethic Inc. now owns 36,832 shares of the basic materials company’s stock worth $627,000 after buying an additional 14,353 shares in the last quarter. Finally, StoneX Group Inc. raised its position in Hecla Mining by 194.8% in the 3rd quarter. StoneX Group Inc. now owns 39,507 shares of the basic materials company’s stock valued at $661,000 after buying an additional 26,107 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Trading Up 9.2%

The firm has a market capitalization of $9.69 billion, a PE ratio of 29.37 and a beta of 1.44. The business has a 50-day moving average of $17.42 and a 200 day moving average of $18.60.

About Hecla Mining

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.