Brokerages expect that Hecla Mining (NYSE:HL) will post earnings per share (EPS) of ($0.05) for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Hecla Mining’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.01). Hecla Mining reported earnings per share of $0.04 in the same quarter last year, which indicates a negative year-over-year growth rate of 225%. The company is expected to issue its next earnings report on Thursday, February 21st.
On average, analysts expect that Hecla Mining will report full-year earnings of ($0.05) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.01). For the next fiscal year, analysts forecast that the firm will report earnings of ($0.01) per share, with EPS estimates ranging from ($0.10) to $0.08. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Hecla Mining.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, November 8th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.01). The firm had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.34 million. Hecla Mining had a negative net margin of 5.18% and a positive return on equity of 0.60%. The business’s revenue was up 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.04 earnings per share.
A number of analysts have weighed in on HL shares. HC Wainwright set a $7.00 target price on shares of Hecla Mining and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. Canaccord Genuity restated a “hold” rating and issued a $3.25 target price on shares of Hecla Mining in a research report on Monday, August 13th. B. Riley cut their target price on shares of Hecla Mining from $5.00 to $3.75 and set a “buy” rating on the stock in a research report on Thursday, September 20th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $4.00 target price on shares of Hecla Mining in a research report on Friday, August 10th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $4.59.
NYSE:HL traded up $0.07 during mid-day trading on Monday, reaching $2.41. The stock had a trading volume of 5,590,263 shares, compared to its average volume of 5,006,381. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 24.10 and a beta of 0.43. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.50 and a quick ratio of 0.92. Hecla Mining has a 12 month low of $2.17 and a 12 month high of $4.63.
The business also recently announced a quarterly dividend, which was paid on Monday, December 3rd. Shareholders of record on Tuesday, November 20th were given a $0.0025 dividend. The ex-dividend date was Monday, November 19th. This represents a $0.01 dividend on an annualized basis and a yield of 0.41%. Hecla Mining’s dividend payout ratio is currently 10.00%.
Large investors have recently modified their holdings of the company. Alambic Investment Management L.P. acquired a new position in shares of Hecla Mining during the third quarter worth $119,000. Tower Research Capital LLC TRC lifted its holdings in shares of Hecla Mining by 13,731.8% during the second quarter. Tower Research Capital LLC TRC now owns 48,273 shares of the basic materials company’s stock worth $168,000 after purchasing an additional 47,924 shares during the period. GAM Holding AG acquired a new position in shares of Hecla Mining during the second quarter worth $186,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new position in shares of Hecla Mining during the second quarter worth $208,000. Finally, Stevens Capital Management LP acquired a new position in shares of Hecla Mining during the second quarter worth $219,000. Institutional investors own 59.06% of the company’s stock.
About Hecla Mining
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.
Featured Article: Why is the ex-dividend date different from the record date?
Get a free copy of the Zacks research report on Hecla Mining (HL)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.