Hecla Mining Co. Third Quarter Earnings Sneak Peek

Hecla Mining Co. (NYSE:HL) will unveil its latest earnings on Tuesday, November 8, 2011. Hecla Mining is engaged in the discovery, acquisition, development, production and marketing of silver, gold, lead and zinc.

Hecla Mining Co. Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net income of 14 cents per share, a rise of more than twofold from the company’s actual earnings for the same quarter a year ago. During the past three months, the average estimate has moved down from 15 cents. Between one and three months ago, the average estimate moved down. It has been unchanged at 14 cents during the last month. Analysts are projecting profit to rise by 71% versus last year to 53 cents.

Past Earnings Performance: Last quarter, the company fell short of estimates by 3 cents, coming in at profit of 11 cents per share against a mean estimate of net income of 15 cents. The company topped expectations in the first quarter.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 8.5% in revenue from the year-earlier quarter to $125.6 million.

Analyst Ratings: Analysts seem relatively indifferent about Hecla Mining with four of six analysts surveyed maintaining a hold rating.

A Look Back: In the second quarter, profit rose 95% to $33.3 million (11 cents a share) from $17.1 million (5 cents a share) the year earlier, but fell short analyst expectations. Revenue rose 33% to $117.9 million from $88.6 million.

Key Stats:

The company has enjoyed double-digit year-over-year percentage revenue growth for the past four quarters. Over that span, the company has averaged growth of 44.5%, with the biggest boost coming in the first quarter when revenue rose 70.7% from the year earlier quarter.

Competitors to Watch: Coeur d’Alene Mines Corp. (NYSE:CDE), Pan American Silver Corp. (NASDAQ:PAAS), Silver Wheaton Corp. (NYSE:SLW), Mines Management, Inc. (AMEX:MGN), Metalline Mining Company (AMEX:MMG), Great Panther Silver Ltd. (AMEX:GPR), Alexco Resource Corp. (AMEX:AXU), Silvercorp Metals Inc. (NYSE:SVM), Mag Silver Corp (AMEX:MVG), and First Majestic Silver Corp. (NYSE:FR).

Stock Price Performance: During September 7, 2011 to November 2, 2011, the stock price had fallen $1.69 (-21.5%) from $7.85 to $6.16. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 6, 2010 when shares rose for seven-straight days, rising 25.1% (+$2.21) over that span. It saw one of its worst periods between September 8, 2011 and September 19, 2011 when shares fell for eight-straight days, falling 11.9% (-95 cents) over that span. Shares are down $5.10 (-45.3%) year to date.

(Source: Xignite Financials)

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