$146.99 Million in Sales Expected for Hecla Mining (HL) This Quarter

Analysts expect Hecla Mining (NYSE:HL) to post $146.99 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hecla Mining’s earnings. The highest sales estimate is $150.12 million and the lowest is $143.86 million. Hecla Mining reported sales of $142.54 million in the same quarter last year, which would suggest a positive year over year growth rate of 3.1%. The company is expected to announce its next quarterly earnings results on Monday, May 14th.

According to Zacks, analysts expect that Hecla Mining will report full-year sales of $638.35 million for the current year, with estimates ranging from $629.10 million to $647.60 million. For the next financial year, analysts anticipate that the business will post sales of $751.57 million per share, with estimates ranging from $741.63 million to $761.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Hecla Mining.

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Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $160.10 million during 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%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.03 earnings per share.

HL has been the subject of several research analyst reports. Zacks Investment Research cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, April 11th. Royal Bank of Canada set a $5.00 target price on Hecla Mining and gave the stock a “hold” rating in a research report on Tuesday, March 20th. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Canaccord Genuity reissued a “buy” rating and set a $5.00 price target on shares of Hecla Mining in a research note on Monday, January 8th. Finally, BMO Capital Markets set a $5.00 price objective on Hecla Mining and gave the company a “hold” rating in a research note on Thursday, February 15th. Three equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.14.

Large investors have recently made changes to their positions in the company. First Allied Advisory Services Inc. purchased a new position in shares of Hecla Mining in the 4th quarter valued at $108,000. Stone Ridge Asset Management LLC purchased a new position in shares of Hecla Mining in the 4th quarter valued at $146,000. Xact Kapitalforvaltning AB purchased a new position in shares of Hecla Mining in the 4th quarter valued at $180,000. Virtu Financial LLC increased its holdings in shares of Hecla Mining by 550.7% in the 3rd quarter. Virtu Financial LLC now owns 182,184 shares of the basic materials company’s stock valued at $186,000 after acquiring an additional 154,185 shares during the period. Finally, Two Sigma Investments LP purchased a new position in shares of Hecla Mining in the 4th quarter valued at $192,000. Institutional investors and hedge funds own 59.93% of the company’s stock.

HL traded up $0.11 during midday trading on Thursday, reaching $3.76. The company had a trading volume of 4,033,541 shares, compared to its average volume of 4,800,075. The company has a quick ratio of 2.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,501.73, a price-to-earnings ratio of 37.60, a PEG ratio of 112.80 and a beta of 0.38. Hecla Mining has a 1 year low of $3.25 and a 1 year high of $6.16.

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Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Earnings History and Estimates for Hecla Mining (NYSE:HL)

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