Hecla Mining to Release Q2 Earnings on Tuesday, August 8th
August 9, 2023
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Hecla Mining ($NYSE:HL) is a large international mining company headquartered in Coeur d’Alene, Idaho. It specializes in the development, production, and marketing of silver, gold, lead, and zinc. Hecla Mining will be releasing its quarterly earnings figures on Tuesday, August 8th following the close of the market. This is an important event for investors and analysts who are closely monitoring the financial performance of the company.
Hecla Mining has been on a steady climb in stock price over the past year, and any significant news from the earnings release could affect its stock price significantly. Investors will be eagerly awaiting the report to get a better understanding of the company’s performance.
Earnings
According to the earning report of FY2023 Q1 as of March 31 2021, HECLA MINING earned 210.85M USD in total revenue and 18.97M USD in net income. This marks a 13.1% increase in total revenue and a 357.1% increase in net income compared to the same period last year. In the last three years, HECLA MINING’s total revenue has decreased from 210.85M USD to 199.5M USD.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Hecla Mining. More…
| Total Revenues | Net Income | Net Margin |
| 731.43 | -45.23 | -2.0% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Hecla Mining. More…
| Operations | Investing | Financing |
| 92.58 | -212.47 | 4.73 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Hecla Mining. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.93k | 933.47 | 3.31 |
Key Ratios Snapshot
Some of the financial key ratios for Hecla Mining are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 3.6% | -0.6% | -1.7% |
| FCF Margin | ROE | ROA |
| -12.3% | -0.4% | -0.3% |
Market Price
The company’s stock opened at $5.2 on Monday, and closed the day at the same rate without any significant increase or decrease in price. In comparison to last closing price, the stock was down by 1.7%. Investors will be looking to the report in anticipation of further information regarding the company’s performance during the second quarter of the year. Live Quote…
Analysis
GoodWhale’s analysis of HECLA MINING‘s fundamentals have revealed that the company is well-positioned for dealing with any coming financial crises. According to our Star Chart, HECLA MINING has a high health score of 7/10 in terms of its cashflows and debt, meaning that it is more than capable of sustaining future operations. We also categorized HECLA MINING as a ‘cow’, which is a type of company that has a track record of paying out consistent and sustainable dividends. Looking at the specific metrics, we can see that HECLA MINING has strong dividend performance, medium asset, growth and weak profitability. This makes HECLA MINING an attractive option for income investors who are looking for steady, long-term returns. In addition, investors who are seeking capital appreciation over time may also be interested in this company due to its potential for increased asset growth over time. More…
Peers
The company was founded in 1891 and is one of the oldest continuously operating silver mining companies in the world. Hecla Mining Co’s main competitors are SSR Mining Inc, Great Panther Mining Ltd, and First Majestic Silver Corp.
– SSR Mining Inc ($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 is an established and low-cost mining company with a diverse portfolio of silver and gold properties. Investors will be watching to see how the company’s performance was in its most recent quarter, with the company set to potentially report record earnings. Hecla Mining has a strong balance sheet and its portfolio of assets has been consistently delivering results.
Investors should also note the company’s rapid operational growth in recent years, as well as its commitment to developing new projects and opportunities for growth. Overall, Hecla Mining is a strong investment option for investors looking for a long-term, low-risk play in the precious metals space.
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