On August 5, Hecla Mining rose 5.13% in pre-market trading, trading at $16.19/share, with turnover of $838,500.
On the news front, the company released its Q2 earnings after market close, reporting EPS of $0.17, representing a 325% increase from $0.04 a year earlier. Revenue reached $333.9 million, up 52.5% year-over-year from $219 million. While both EPS and revenue fell short of analyst consensus estimates of $0.18-$0.21 and $368.8 million respectively, the substantial year-over-year growth drove positive sentiment. The company maintained its quarterly cash dividend at $0.00375 per share, payable around September 10.
Additionally, the company previously disclosed strong Q2 exploration results, with notable progress at Keno Hill, a new vein discovery at Midas, and positive definition drilling at Greens Creek. The broader silver sector also provided tailwinds, with First Majestic Silver up 4.43%, Endeavour Silver up 4.08%, and Aya Gold & Silver up 3.71%.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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