Hecla Mining Company (HL) Releases Earnings Results, Beats Expectations By $0.01 EPS

Hecla Mining Company (HL) reported quarterly earnings results on Thursday, May-5-2016. The company said it had a profit of $0.02 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.01. The company posted revenue of $131.00 million in the period, compared to analysts expectations of $135.89 million. The company’s revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Hecla Mining Company. Hecla Mining Company was Downgraded by CIBC to ” Sector Perform” on Apr 8, 2016. Deutsche Bank Downgraded Hecla Mining Company on Mar 23, 2016 to ” Hold”, Price Target of the shares are set at $2.90.Company shares were Reiterated by FBR Capital on Mar 2, 2016 to “Mkt Perform”, Firm has raised the Price Target to $ 2 from a previous price target of $1.50 .

Hecla Mining Company closed down -0.17 points or -4.20% at $3.88 with 1,01,66,824 shares getting traded on Wednesday. Post opening the session at $3.95, the shares hit an intraday low of $3.84 and an intraday high of $4.15 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Sep 18, 2015, Anthony P Taylor (director) sold 5,000 shares at $2.23 per share price.

Hecla Mining Company is engaged in discovering acquiring developing and producing silver gold lead and zinc. The Company operates in three segments: the Greens Creek Lucky Friday and Casa Berardi units. It focuses on its San Sebastian project which is located in Mexico; North Idaho’s Silver Valley which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island which is located near Juneau; the silver-producing district near Durango which is located in Mexico; the Abitibi region of north-western Quebec which is located in Canada and the Creede district of Southwestern Colorado. The Company produces lead zinc and bulk concentrates which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition the Company owns Rock Creek Project a silver and copper deposit which is located in North America.

Hecla Mining Company

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