Zacks: Analysts Expect Hecla Mining (NYSE:HL) Will Post Earnings of $0.02 Per Share

Analysts predict that Hecla Mining (NYSE:HL) will report earnings of $0.02 per share for the current fiscal quarter, Zacks reports. Two analysts have made estimates for Hecla Mining’s earnings, with estimates ranging from $0.01 to $0.03. Hecla Mining posted earnings per share of ($0.06) during the same quarter last year, which indicates a positive year-over-year growth rate of 133.3%. The company is expected to issue its next quarterly earnings report on Thursday, February 20th.

According to Zacks, analysts expect that Hecla Mining will report full year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.12). For the next financial year, analysts forecast that the firm will post earnings of $0.05 per share, with EPS estimates ranging from ($0.10) to $0.16. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Hecla Mining.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). The company had revenue of $161.50 million during the quarter, compared to analysts’ expectations of $179.40 million. Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. Hecla Mining’s revenue was up 12.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.05) EPS.

A number of analysts have recently commented on HL shares. BMO Capital Markets raised shares of Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their target price for the stock from $1.60 to $2.20 in a research note on Thursday, November 7th. Canaccord Genuity lowered shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target on the stock. in a research note on Wednesday, August 7th. Zacks Investment Research lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. HC Wainwright lifted their price objective on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Finally, B. Riley cut their price objective on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research note on Friday, October 11th. Five analysts have rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $2.10.

HL traded up $0.02 during midday trading on Wednesday, hitting $2.77. 640,128 shares of the company traded hands, compared to its average volume of 8,044,241. The business has a 50 day simple moving average of $2.26 and a two-hundred day simple moving average of $1.86. Hecla Mining has a 52-week low of $1.21 and a 52-week high of $3.07. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -25.18 and a beta of 0.97. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were paid a dividend of $0.002 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.01 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.

Hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Hecla Mining by 4.7% in the 2nd quarter. BlackRock Inc. now owns 34,285,217 shares of the basic materials company’s stock worth $61,715,000 after acquiring an additional 1,533,202 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in shares of Hecla Mining by 35.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock valued at $17,192,000 after buying an additional 2,541,606 shares during the period. Morgan Stanley lifted its holdings in Hecla Mining by 22.0% in the second quarter. Morgan Stanley now owns 6,255,702 shares of the basic materials company’s stock valued at $11,260,000 after acquiring an additional 1,129,826 shares during the last quarter. Northern Trust Corp lifted its holdings in Hecla Mining by 1.5% in the second quarter. Northern Trust Corp now owns 5,698,988 shares of the basic materials company’s stock valued at $10,258,000 after acquiring an additional 81,896 shares during the last quarter. Finally, Waterton Global Resource Management Inc. grew its position in Hecla Mining by 25.0% in the second quarter. Waterton Global Resource Management Inc. now owns 5,526,856 shares of the basic materials company’s stock worth $9,948,000 after acquiring an additional 1,105,085 shares during the period. Institutional investors and hedge funds own 56.98% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, 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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