Hecla Mining (NYSE:HL) Announces Quarterly Earnings Results, Misses Estimates By $0.03 EPS

Key Points

• Earnings miss: Hecla reported Q1 EPS of $0.24, missing consensus by $0.03, while revenue rose 57.4% year‑over‑year to $411.43 million, slightly above estimates.
• Balance sheet strength: Management highlighted record free cash flow (~$144M) and roughly $588M in cash after redeeming senior notes, leaving the company effectively debt‑free and able to support buybacks/dividends.
• Market and analyst reaction: Shares slipped after the print amid mixed analyst target changes and ratings, and the company declared a small quarterly dividend equal to about a 0.1% yield.

Hecla Mining (NYSE:HL - Get Free Report) released its earnings results on Tuesday. The basic materials company reported $0.24 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.03), Zacks reports. The company had revenue of $411.43 million for the quarter, compared to analysts' expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 17.09%. Hecla Mining's revenue for the quarter was up 57.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.04 earnings per share.

Hecla Mining Price Performance

NYSE:HL traded down $0.08 on Thursday, reaching $18.07. 20,309,018 shares of the company's stock traded hands, compared to its average volume of 20,802,348. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The stock has a 50-day simple moving average of $19.58 and a 200-day simple moving average of $19.37. The firm has a market cap of $12.12 billion, a PE ratio of 44.07 and a beta of 1.26. Hecla Mining has a 12 month low of $4.68 and a 12 month high of $34.17.

Hecla Mining Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining's dividend payout ratio (DPR) is currently 2.04%.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Scotiabank lifted their target price on Hecla Mining from $15.00 to $25.00 and gave the company a "sector perform" rating in a research report on Monday, January 26th. Zacks Research downgraded Hecla Mining from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 13th. HC Wainwright lowered their target price on Hecla Mining from $36.50 to $26.75 and set a "buy" rating on the stock in a research report on Wednesday. Canaccord Genuity Group upgraded Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Hecla Mining from $27.00 to $32.00 and gave the company a "neutral" rating in a research report on Wednesday, January 28th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Hecla Mining currently has a consensus rating of "Hold" and an average price target of $22.25.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HL. Goldman Sachs Group Inc. raised its holdings in Hecla Mining by 20.9% during the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company's stock valued at $23,827,000 after acquiring an additional 739,360 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Hecla Mining by 24.1% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company's stock worth $10,894,000 after purchasing an additional 380,448 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of Hecla Mining by 10.9% in the second quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company's stock worth $393,000 after purchasing an additional 6,450 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Hecla Mining by 71.6% in the second quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company's stock worth $435,000 after purchasing an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Hecla Mining by 1.8% in the second quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company's stock worth $922,000 after purchasing an additional 2,793 shares during the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining News Roundup

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

• Positive Sentiment: Record free cash flow and net-cash balance sheet — management reported very strong operating cash, roughly $144M in free cash flow (continuing ops) and cash & equivalents near $588M after redeeming senior notes, leaving Hecla effectively debt-free. This cash strength supports buybacks/dividends and de-risks the company. Quiver Quant: Q1 cash and balance sheet
• Positive Sentiment: Common-stock dividend declared — Hecla announced a small quarterly dividend (record May 22, pay ~June 10), signaling management confidence and returning cash to shareholders. Dividend details
• Neutral Sentiment: Sector tailwinds from higher gold forecasts/analyst upgrades elsewhere — Canaccord raised its gold outlook and upgraded peers (e.g., CDE), a broader positive for precious-metals names including Hecla. That said, impact is indirect. Canaccord gold forecast / sector note
• Neutral Sentiment: Earnings call and presentation available — management provided details on operations, portfolio changes (Casa Berardi classified as discontinued) and outlook; useful for modeling but not a single-market mover. Earnings presentation
• Negative Sentiment: EPS and revenue missed consensus — reported continuing-ops EPS/revenue trailed analyst estimates (EPS miss ~-$0.03 vs. consensus ~$0.27), prompting sell-the-news pressure despite strong cash metrics. Q1 earnings coverage
• Negative Sentiment: Analyst target adjustments and mixed ratings — HC Wainwright cut its price target significantly (while keeping a Buy rating), creating headline risk; some firms reaffirmed Buy but the PT reductions compress upside. HC Wainwright / PT note
• Negative Sentiment: 10‑K flagged heightened operational & market risks — a recent filing/summary highlighted increased regulatory and market exposure, which can raise investor caution. 10‑K risk summary
• Negative Sentiment: Insider selling and institutional rebalancing — recent disclosures show multiple insider sales and large institutional portfolio reductions in recent quarters, which can amplify downward pressure on the stock. Insider & institutional activity

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d'Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d'Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company's principal operations are located in North America and Latin America.

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