Hecla Mining (NYSE:HL) – Research analysts at B. Riley dropped their Q2 2018 earnings per share (EPS) estimates for shares of Hecla Mining in a research note issued to investors on Wednesday. B. Riley analyst L. Pipes now expects that the basic materials company will post earnings of ($0.02) per share for the quarter, down from their prior forecast of $0.03. B. Riley has a “Buy” rating and a $5.00 price target on the stock. B. Riley also issued estimates for Hecla Mining’s FY2018 earnings at ($0.02) EPS, FY2019 earnings at $0.08 EPS and FY2020 earnings at $0.07 EPS.
A number of other equities analysts have also recently weighed in on HL. BMO Capital Markets set a $5.00 price target on Hecla Mining and gave the stock a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. HC Wainwright set a $9.00 price objective on Hecla Mining and gave the stock a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Finally, Canaccord Genuity restated a “buy” rating and set a $5.00 price objective on shares of Hecla Mining in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Hecla Mining presently has a consensus rating of “Hold” and an average price target of $5.64.
Shares of Hecla Mining (NYSE HL) traded up $0.09 on Friday, reaching $3.82. The company had a trading volume of 486,095 shares, compared to its average volume of 4,965,945. The stock has a market cap of $1,505.73, a PE ratio of -62.17, a P/E/G ratio of 48.65 and a beta of 0.25. Hecla Mining has a 1 year low of $3.38 and a 1 year high of $6.26. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.86 and a quick ratio of 2.37.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. Hecla Mining’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.03 EPS.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, March 6th will be issued a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, March 5th. This represents a $0.01 annualized dividend and a dividend yield of 0.26%. Hecla Mining’s dividend payout ratio is -16.67%.
In other news, Director Theodore Crumley purchased 10,000 shares of Hecla Mining stock in a transaction dated Thursday, December 7th. The stock was acquired at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the acquisition, the director now directly owns 126,536 shares in the company, valued at $441,610.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Phillips S. Baker, Jr. bought 13,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $3.76 per share, with a total value of $48,880.00. The disclosure for this purchase can be found here. 1.50% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of HL. First Allied Advisory Services Inc. acquired a new stake in Hecla Mining in the 4th quarter worth approximately $108,000. Ameriprise Financial Inc. lifted its holdings in Hecla Mining by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,143 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new stake in Hecla Mining in the 4th quarter worth approximately $146,000. Ameritas Investment Partners Inc. lifted its holdings in Hecla Mining by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 1,643 shares during the last quarter. Finally, Xact Kapitalforvaltning AB acquired a new stake in Hecla Mining in the 4th quarter worth approximately $180,000. Hedge funds and other institutional investors own 57.99% of the company’s stock.
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Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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