Hecla Mining Q4 Earnings Meet Estimates, Revenues Rise 55% Y/Y

Hecla Mining Company HL reported fourth-quarter 2024 adjusted earnings per share of 4 cents, in line with the Zacks Consensus Estimate. HL incurred a loss per share of 4 cents in the year-ago quarter.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, the company posted earnings of 2 cents per share against a loss of 7 cents in the prior-year quarter.Hecla Mining Company Price, Consensus and EPS Surprise  Hecla Mining Company price-consensus-eps-surprise-chart | Hecla Mining Company QuoteHL’s Sales & Margins Rise Y/Y on Higher Gold PricesThe company’s revenues increased 55.4% year over year to $250 million in the quarter under review. The top line beat the Zacks Consensus Estimate of $229 million.Gold prices rose 10.7% year over year to $2,656 an ounce. The realized silver price was $30.19 per ounce in the quarter, up 28.6% from $23.47 in the prior-year quarter. Realized prices for lead and zinc were down 13.8% and up 10.1%, respectively.The total cost of sales increased 17.9% year over year to $181 million in the quarter. Gross profit marked a substantial improvement to $68.3 million from the prior-year quarter’s $7 million. The gross margin in the fourth quarter of 2024 was 27.4% compared with 4.3% in the prior-year quarter.Adjusted EBITDA was $86.6 million, up from $33 million in the fourth quarter of 2023.Hecla Mining’s Q4 Production NumbersHL reported a silver production of 3.87 million ounces in the fourth quarter of 2024, up 6.3% on a sequential basis. Production improved 32% from the fourth quarter of 2023.Gold production grew 10.7% to 35,727 ounces from the third quarter of 2024. The same was down 3.9% from the prior-year quarter.HL’s 2024 PerformanceThe company delivered adjusted earnings per share of 11 cents in 2024. The Zacks Consensus Estimate was pegged at earnings of 8 cents. It reported an adjusted loss of 1 cent in 2023.Including one-time items, Hecla Mining reported earnings of 6 cents per share against a loss per share of 14 cents in the prior year.The company’s revenues grew 29.1% year over year to a record $930 million in 2024. The top-line figure beat the Zacks Consensus Estimate of $919 million.Hecla Mining’s Financial PositionThe company ended 2024 with $26.8 million of cash and cash equivalents, down from the $106 million held at the end of 2023. The cash flow from operating activities was $218.3 million in 2024 against an inflow of $75 million in the prior year.HL’s 2025 GuidanceThe company expects consolidated silver production of 15.5-17.0 million ounces in 2025. Consolidated gold production is anticipated to be 120-130 thousand ounces in 2025. Hecla Mining Stock’s Price PerformanceHL shares have gained 51.7% in the past year compared with the industry's growth of 76.5%.  Image Source: Zacks Investment Research Mining Silver Stocks Awaiting ResultsPan American Silver Corp. PAAS, expected to release fourth-quarter 2024 results on Feb. 19, has a trailing four-quarter average earnings surprise of negative 19.3%. The Zacks Consensus Estimate for PAAS’s earnings is pegged at 35 cents per share, implying a year-over-year improvement from a loss of 4 cents reported in the year-ago quarter.The consensus estimate for PAAS’ top line is pegged at $805 million, indicating a 20.2% increase from the prior-year reported figure.Avino Silver & Gold Mines Ltd. ASM, expected to release fourth-quarter 2024 results next month, has a trailing four-quarter average earnings surprise of 75%. The Zacks Consensus Estimate for ASM’s earnings is pegged at 1 cent per share, implying a year-over-year decline of 50%.The consensus estimate for the company’s top line is pegged at $17.2 million, indicating a 37.2% rise from the prior-year reported figure.HL’s Zacks Rank & Another Key PickThe company currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Another top-ranked stock from the basic materials space is Carpenter Technology Corporation CRS, which currently carries a Zacks Rank #2 (Buy). The Zacks Consensus Estimate for Carpenter Technology’s 2025 earnings is pegged at $6.83 per share. The consensus estimate for 2025 earnings has moved 1% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.7%. CRS shares have skyrocketed 188% in a year.Just Released: Zacks Top 10 Stocks for 2025Hurry – you can still get in early on our 10 top tickers for 2025. Handpicked by Zacks Director of Research Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2025. You can still be among the first to see these just-released stocks with enormous potential. See New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Carpenter Technology Corporation (CRS): Free Stock Analysis Report Hecla Mining Company (HL): Free Stock Analysis Report Pan American Silver Corp. (PAAS): Free Stock Analysis Report Avino Silver (ASM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks