Hecla Mining reported earnings of 2 cents a share for the fourth quarter, beating the analysts' estimates of break-even earnings for the quarter. Revenue grew 6.8% year over year to $122 million for the quarter, below analysts' estimates of $126.37 million.
The mining company said it produced 34.5 million ounces of silver equivalent in 2014, its highest production in company history. Gold production grew 26% to 128,200 ounces for the full year.
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Hecla Mining expects to produce 10.5 million ounces of silver and 185,000 ounces of gold in 2015. Including base metals, the company expects a silver equivalent production of 35 million ounces for 2015.
TheStreet Ratings team rates HECLA MINING CO as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:
"We rate HECLA MINING CO (HL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and good cash flow from operations. However, as a counter to these strengths, we find that the stock has experienced relatively poor performance when compared with the S&P 500 during the past year."
You can view the full analysis from the report here: HL Ratings Report