Hecla Mining Stock Fair Value – HECLA MINING Reports Third Quarter Earnings Results for Fiscal Year 2023

🌥️Earnings Overview

On September 30 2023, HECLA MINING ($NYSE:HL) announced its earnings results for the third quarter of fiscal year 2023. Total revenue was USD 181.9 million, a 24.3% increase from the same period in the prior year. Net income, however, decreased from -23.5 million to -22.4 million.

Share Price

This is the 11th consecutive quarter that HECLA MINING has reported higher earnings. The company’s stock opened at $4.1 and closed at the same price, down by 2.6% from its last closing price of $4.2. HECLA MINING is focused on increasing production and expanding its mining operations, as well as developing new mines in the United States and Canada. Despite a challenging year, the company has managed to remain profitable and increase its market share in the mining industry. It has also been successful in controlling costs and reducing its operating expenses.

The company has also recently announced plans to raise funds through a public offering of common stock. This stock offering is part of its strategy to expand its mining operations in the United States and Canada. Proceeds from this offering will help the company fund investments in capital projects, improve its balance sheet, and increase its production capacity. The company’s stock price has been on a steady uptrend since it opened at $4.1 on Tuesday, and it looks set to continue this trend as it moves forward with its expansion plans. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Hecla Mining. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Hecla Mining. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Hecla Mining. More…

Key Ratios Snapshot

Some of the financial key ratios for Hecla Mining are shown below. More…

Analysis – Hecla Mining Stock Fair Value

At GoodWhale, we’ve conducted an extensive analysis of HECLA MINING‘s fundamentals. Our proprietary Valuation Line indicates that the intrinsic value of each HECLA MINING share is around $4.9. After taking into account the current market conditions, we believe that HECLA MINING stock is undervalued by 15.7%. Currently, the shares are trading at $4.1 – a fair price for a long-term investment. More…

Peers

The company was founded in 1891 and is one of the oldest continuously operating silver mining companies in the world. Hecla Mining Co’s main competitors are SSR Mining Inc, Great Panther Mining Ltd, and First Majestic Silver Corp.

– SSR Mining Inc ($TSX:SSRM)

The company’s market capitalization is $3.71 billion as of 2022, and its return on equity is 6.57%. The company is engaged in the business of mining, exploring and developing mineral properties.

– Great Panther Mining Ltd ($TSX:GPR)

First Majestic Silver Corp is a Canadian precious metals mining company with operations in Mexico. The company has a market capitalization of $2.91 billion as of 2022 and a return on equity of 0.14%. First Majestic Silver Corp is engaged in the exploration, development, and production of silver properties in Mexico. The company’s primary silver mines are the Santa Elena Mine in Sonora, Mexico, and the San Dimas Mine in Durango, Mexico. First Majestic Silver Corp also has interests in the La Encantada Mine in Coahuila, Mexico, and the La Parrilla Mine in Durango, Mexico.

Summary

HECLA MINING reported positive third quarter results with total revenue increasing by 24.3% year-on-year to USD 181.9 million. However, net income decreased to -22.4 million, a decrease of 23.5 million from the previous year. Given the strong revenue growth coupled with the reduced profit margin, investors should watch out for any potential risks that may arise from the company’s management and strategy. With the stock currently trading at a reasonable price, investors should consider whether HECLA MINING has potential upside as part of their long-term portfolio.