BUZZ-Hecla Mining up after upbeat results, Casa Berardi sale announcement

Reuters
02/18
BUZZ-Hecla Mining up after upbeat results, Casa Berardi sale announcement

** Hecla Mining shares HL.N up 5.6% premarket to $22.43

** Miner's Q4 revenue up 83% year-over-year to $448.11 mln on higher metal prices, surpassing analyst expectations of $382.05 mln - LSEG-compiled data

** Adjusted EPS of 22 cents, beats analyst estimates of 18 cents

** Co announces sale of Casa Berardi gold mine for up to $593 mln in Q1 2026

** Brokerage TD Cowen says proceeds from Canada's Casa Berardi sale and solid output from the core operations to help build on the net cash position and help direct capital allocation to growth initiatives

** Mining stocks have broadly benefited from a rally in base and precious metals last year

** Three of 10 brokerages rate it "buy" or higher, six "hold" and one "sell"; median PT is $27.25 - data compiled by LSEG

** Up to last close, stock had risen 11% YTD

(Reporting by Johann M Cherian at Bengaluru)

((johann.mcherian@thomsonreuters.com))

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