Hecla Mining (NYSE:HL – Get Free Report) posted its earnings results on Wednesday. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01, Briefing.com reports. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The business had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis.
Hecla Mining Price Performance
NYSE:HL traded down $0.18 during mid-day trading on Thursday, reaching $6.02. 21,348,555 shares of the company were exchanged, compared to its average volume of 9,023,732. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The stock has a market cap of $3.79 billion, a PE ratio of -77.50 and a beta of 2.00. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68. The company has a fifty day moving average of $6.53 and a 200 day moving average of $5.83.
Insiders Place Their Bets
In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.40% of the company’s stock.
Analysts Set New Price Targets
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Hecla Mining Company Profile
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.
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