NYSE:HL (USA) Also Trade In: Germany Switzerland UK

Hecla Mining Co $ 4.86 0.07 (1.36%)

Volume:
3,693,410
Avg Vol (1m):
7,256,246
Market Cap $:
2.60 Bil
Enterprise Value $:
3.02 Bil
P/E (TTM):
0.00
P/B:
1.56
Warning! GuruFocus has detected 3 Severe warning signs with HL. Click here to check it out.
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HL News and Headlines - Hecla Mining Co

GuruFocus Articles Total 50
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Options to capitalize on the next gold bull market

Outlook for gold and silver prices

Over the last five days, gold and silver futures lost 2.8% and 4.4%, respectively, following encouraging results from the development of Pfizer Inc (PFE) and Moderna Inc (MRNA)'s Covid-19 vaccines, which show high effectiveness in preventing the disease in their late-stage trials.

Year to date, the precious metal remains abundantly in green territory, as gold futures are up 18.2% to $1,833.80 per troy ounce and silver futures have gained 30.3% to $23.56 per troy ounce at close on Monday.

For the months ahead, gold is projected to hit higher prices as analysts now foresee

123 Views    Alberto Abaterusso    2020-11-24 17:24
Their share prices are set to perform well over the weeks ahead

Gold and silver prices outlook

According to analysts, worldwide economies are forecasted to revive in 2021, picking up from approximately where they abandoned the expansion phase of the cycle due to the Covid-19 induced economic recession.

Until then, production, business activities and employment levels most likely need global central banks to inject additional monetary stimulus into the economic systems as the road to recovery appear bumpier than expected just a few months ago.

The U.S. Federal Reserve had decided to keep rates low even at the cost of inflation, and on Thursday, the European Central Bank announced no change

199 Views    Alberto Abaterusso    2020-09-11 16:45
The precious metal operator has several catalysts

An ounce of gold traded at $1,563.30 on the London bullion market and at $1,565.10 on the Comex gold futures market at close on Thursday, Feb. 6, marking an increase of about 2.4% to 2.8% so far this year.

Gold is trending and projected to hit $1,650 as heightened economic uncertainty due to a lack of momentum in the global economy persuades investors to purchase gold and other safe-haven assets in order to protect the value of their wealth.

Investors who also seek to make a considerable gain out of a rally in the price of gold might consider adding

130 Views    Alberto Abaterusso    2020-02-07 17:37
Wall Street sees Hecla Mining Co. and Owens & Minor Inc. continuing to underperform

As of Sept. 16, shareholders of the following two companies have more than one reason to feel disappointed about their stocks.

First, shares of these stocks have fallen far this year and over the past year and past five years.

Second, their dividends have either not grown or declined over the past five years.

Third, both the forward dividend yield and the trailing 12-month dividend yield are ranked lower than most of their peers and the S&P 500 index.

Fourth, these two stocks have received an underweight recommendation rating from sell-side analysts on Wall Street, increasing the odds that they

75 Views    Alberto Abaterusso    2019-09-17 16:45
Despite a substantial fall, the stock is still trading at a premium

After a positive first two months of 2019, gold and silver prices are now downtrending.

Since the beginning of March, gold has declined 1.5% to close at $1,292.75 per troy ounce and silver has fallen 1.7% to close at $15.295 per troy ounce on Monday.

To avoid a loss, investors may want to curb their positions in gold and silver producers that are trading at a premium to their intrinsic value. Any further depreciation in the price of the commodities will cause the share price to retreat to lower levels.

Investors should try to take some profit off the table

112 Views    Alberto Abaterusso    2019-03-12 19:21
The stock should continue to rise as gold prices increase

Shares of McEwen Mining Inc. (MUX) fell 2.22% to $1.76 after the company reported production results for 2018 before the opening bell on Tuesday.

The Canadian miner recorded a nearly 23% year-over-year increase in gold production to 135,124 ounces and a 4.6% decrease in silver production to 3,032,727 ounces. Production of gold equivalent totaled 175,561, which was 23,232 ounces higher than in 2017.

McEwen Mining exceeded its full-year guidance on gold production by 7,124 ounces and gold equivalent production by 4,561 ounces. In contrast, the company missed its guidance on silver production by 192,273 ounces, disappointing shareholders.

In addition, McEwen's

102 Views    Alberto Abaterusso    2019-01-16 19:35
The stock is not a buy, at least until mid-February

Hecla Mining Co. (HL) tumbled 9.5% to $2.48 per share on Tuesday on the New York Stock Exchange following the release of production results for 2018.

The stock price fell because despite a 13% year-over-year increase in gold production to 262,103 ounces in 2018, which was a company-record output, gold equivalent production decreased 2.6% to 540,174 ounces.

Silver equivalent production increased 6.6% year-over-year to 43.6 million ounces in 2018.

Gold production increased thanks to a strongly performing Casa Berardi mine in Quebec, which is one of the two largest precious metals deposits of the company. The second largest deposit of

82 Views    Alberto Abaterusso    2019-01-16 16:43
The stock is trading cheaply but has weaknesses

Hecla Mining Co. (HL) seems to have hit the bottom because the 14-day Relative Strength Indicator is 29 out of a historical 30 to 70 range, indicating that the stock may have reached oversold levels.

The share price of $2.22 at close Tuesday is the result of a 44% drop in the market value of Hecla Mining Co. for the 52 weeks through Nov. 13. Also, the share price at close Tuesday is just 5 cents above the 52-week low of $2.17 and nearly 110% from the 52-week high of $4.63.

The below chart powered by GuruFocus portrays the trend

66 Views    Alberto Abaterusso    2018-11-14 16:34
Hecla Mining beat consensus on 2nd quarter revenue and adjusted earnings

Hecla Mining Co. (HL) soared 8.4% to $3.11 per share on the New York Stock Exchange after the release of financial figures for the second quarter of 2018.

Hecla Mining invoiced precious metal customers for $147.26 million, which is a 9.7% increase on a year-over-year basis. The miner beat consensus on revenue by $610,000.

The company dropped an adjusted net profit of one penny per share from the top line, which was a positive reversal from a loss of 3 cents per share that was reported in the same quarter of 2017.

Hecla Mining performed strongly as a result of

38 Views    Alberto Abaterusso    2018-08-10 14:59
Hecla Mining is a good option in the gold mining industry

Hecla Mining Co. (HL) soared 5.3% to $3.39 per share at the end of regular hours trading on Monday. The significant jump was on the heels of the completion of the acquisition of Klondex Mines Ltd. (KLDX)

In Tuesday morning trading, the stock was up more than 2% to $3.46 a share. Hecla Mining Company paid approximately $153 million to acquire Klondex Mines. Shareholders of Klondex also received 75 million ordinary shares of Hecla Mining. Klondex shareholders also will be paid one-eighth of an ordinary share of Havilah Mining, a new company that will absorb the Canadian operations of Klondex.

88 Views    Alberto Abaterusso    2018-07-24 14:43
Hecla Mining has cash on hand that will be used to finance the acquisition of Klondex in a deal expected to close next month.

With inflation pushing real interest rates back into negative territory, analysts are expecting a solid recovery in the gold price to occur sometime in the second part of the year.

At $1,252.11 per troy ounce, the bullion is now trading cheaply. Most U.S. publicly-traded gold mining companies also are listed at compelling prices. Current valuations, in fact, are creating good entry points for investors who may want to get exposure to the metal through its producers.

One of these stocks is Hecla Mining Co. (HL) The market is indicating a convenient entry point at $3.46 per share. The value is

35 Views    Alberto Abaterusso    2018-07-16 15:51
Hecla Mining has awarded managers with a total of 489,555 RSUs

Managers at Hecla Mining Co. (HL) have been awarded restricted stock units (RSUs) at a price of $3.83 per share, according to filings with the Securities and Exchange Commission.

The restricted stock units will be vested based on the following schedule: A total of 39,164 shares will be vested on June 21, 2019. A total of 39,164 shares will be vested on June 21, 2020. A total of 39,165 shares will be vested on June 21, 2021.

Following the transaction, Lawrence P. Radford, who is senior vice president and chief operating officer, directly holds 274,303 unvested RSUs. Also, Radford indirectly

23 Views    Alberto Abaterusso    2018-06-21 15:47
Further dips in the share price will create a more convenient entry point in the common stock of Hecla Mining

If I were an investor interested in increasing my holding of Hecla Mining Co. (HL) I would wait for further dips in the company's stock price in order to have a more convenient entry point.

Hecla Mining lost 1.3% on the New York Stock Exchange and is now trading at $3.92 per share, after the company released first-quarter results. The miner beat consensus on earnings by 2 cents per share for a net profit of 2 cents per share. But it missed on revenues by $2.54 million. The top line came in at $140 million and the market seemed to

28 Views    Alberto Abaterusso    2018-05-15 14:44
Casa Berardi accounts for 70% of the miner's total gold production

Following results on preliminary production for first quarter of 2018, Hecla Mining Co. (HL) closed the week at $3.76, up 1.35% at the end of regular trading hours on April 13.

During the quarter, Hecla Mining produced 57,808 ounces of gold, a 3% increase on a year-over-year basis, and 2,534,095 ounces of silver, a 24.8% decline from the comparable quarter of 2017.

The miner also produces lead and zinc. From a year ago, the production of lead decreased by 3,009 tons to 5,627 tons. From its quarterly operations, Hecla Mining put out 15,211 tons of zinc versus a volume

44 Views    Alberto Abaterusso    2018-04-15 19:47
Hecla Mining pays $462 milion to purchase Klondex

Hecla Mining Company (HL) has informed its shareholders through its website that it will purchase U.S. gold-mining company, Klondex Mines (KLDX) for $462 million.

That consideration equals a value of $2.47 per share of Klondex Mines, which is a 59% premium, Hecla Mining says, to a weighted average price computed over the last 30 days of trading. One share of Klondex Mines will be exchanged either with cash or ordinary shares.

Klondex Mines is a U.S. based gold-mining company that produces the metal from its assets, which are located in Nevada. The metal is extracted through underground mining techniques.

74 Views    Alberto Abaterusso    2018-03-19 16:41
Ressources Québec purchased Hecla Mining's $31.6 million corporate loan

Hecla Mining Co. (HL) has informed the market about the issuance of an unsecured corporate loan, which is made of 4.68% interest rate bearing senior notes. The corporate loan, which is worth approximately $31.6 million, has been purchased by a subsidiary of Investissment Québec, Ressources Québec, a financing arm of the Canadian government.

The debt securities will mature in May 2021. The funds collected will bring Hecla Mining’s total liquidity to approximately $251.6 million and will mainly be used to finance exploration activities at Casa Berardi in Quebec.

At Casa Berardi, Hecla Mining aims to prolong the life

51 Views    Alberto Abaterusso    2018-03-06 15:13
A five-year toll milling agreement with Excellon Resources will extend the life of the San Sebastian mine

I suggest getting your peepers out to Hecla Mining Company (HL). A significant catalyst for 2018 came out from the last Hecla Mining’s news release on San Sebastian mine.Â

In the third quarter of this year, at Miguel Auza plant, Hecla Mining is going to process a 4,400-ton bulk sample of sulphide ore, which will be taken from its San Sebastian mine. Miguel Auza is a flotation mill facility that Excellon Resources Inc EXN) runs in the Mexican state of Zacatecas. The trucks will have to cover a 42 km distance from San Sebastian to transport the

84 Views    Alberto Abaterusso    2018-02-27 14:57
The miner beat consensus on 4th quarter sales and earnings

Hecla Mining Company (HL) closed the seventh week of the year at $3.98 per share, up 1.8% from the previous trading day on the heels of its release of financial results for full year 2017.

Hecla Mining closed the reporting period with a revenue of $577.8 million. Even though this was a 10.6% decline on a year over year basis, fiscal 2017 revenue was “the second highest in company history,” Hecla Mining said.

The fall in the company’s sales was attributed to some operational issues, including a labor dispute at Lucky Friday (Idaho) that squeezed 2017 silver production by

60 Views    Alberto Abaterusso    2018-02-19 15:40
The stock is a good buy for 2018

We can expect a decisive surge in the value of Hecla Mining Co. (HL) after a report that the miner has reached its highest level of silver, gold and lead reserves in its 127-year history.

Hecla Mining also reported that its level of zinc reserves have reached their highest in five years.Compared to 2016 levels, gold reserves have increased by 12% to 2.3 million ounces, silver reserves by 3% to 177 million ounces, lead reserves by 8% to 737,290 tons and zinc reserves by 15% to 840,870 tons.

The news is appealing for investors because the boost in reserves will

70 Views    Alberto Abaterusso    2018-02-09 15:49
Blackrock now owns 6.5% of Hecla Mining's shares outstanding

Hecla Mining Company (HL) was flat after the news that Blackrock Inc. had increased its stake in the mining company. The stock gained 0.24% and closed at $4.13 on the New York Stock Exchange on Friday.

Blackrock Inc. now owns 25,922,232 shares of Hecla Mining Company or 6.5%, which represents a 2.75% increase from the previous holding. Blackrock Inc. has the sole voting power on approximately 96.6% of shares owned.

This information is important to investors because it means that an appreciation of Hecla Mining Co. may be just a matter of time.

Hecla Mining Company was up trending on

152 Views    Alberto Abaterusso    2018-01-29 19:10

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