$145.17 Million in Sales Expected for Hecla Mining Company (HL) This Quarter
Wall Street brokerages forecast that Hecla Mining Company (NYSE:HL) will post sales of $145.17 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hecla Mining Company’s earnings, with the lowest sales estimate coming in at $141.93 million and the highest estimate coming in at $148.25 million. Hecla Mining Company posted sales of $171.30 million during the same quarter last year, which would indicate a negative year over year growth rate of 15.3%. The business is expected to announce its next earnings report on Thursday, August 3rd.
On average, analysts expect that Hecla Mining Company will report full-year sales of $145.17 million for the current financial year, with estimates ranging from $594.69 million to $812.00 million. For the next year, analysts anticipate that the company will report sales of $705.08 million per share, with estimates ranging from $618.56 million to $749.27 million. Zacks Investment Research’s sales averages are an average based on a survey of analysts that follow Hecla Mining Company.
Hecla Mining Company (NYSE:HL) last issued its earnings results on Monday, May 8th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.01. Hecla Mining Company had a return on equity of 5.45% and a net margin of 14.75%. The business had revenue of $142.50 million during the quarter, compared to analysts’ expectations of $160.24 million. During the same quarter in the previous year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 8.8% on a year-over-year basis.
A number of research analysts recently weighed in on HL shares. Royal Bank Of Canada reissued a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining Company in a research note on Tuesday, May 30th. BMO Capital Markets raised Hecla Mining Company from an “underperform” rating to a “market perform” rating and raised their price objective for the company from $5.00 to $6.50 in a research note on Friday, February 24th. TheStreet raised Hecla Mining Company from a “c+” rating to a “b” rating in a research note on Monday, June 12th. Finally, BidaskClub downgraded Hecla Mining Company from a “hold” rating to a “sell” rating in a research note on Friday. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.62.
Shares of Hecla Mining Company (NYSE HL) opened at 5.06 on Friday. The stock’s 50 day moving average price is $5.65 and its 200-day moving average price is $5.71. The stock has a market cap of $2.00 billion, a PE ratio of 20.49 and a beta of 0.47. Hecla Mining Company has a one year low of $4.35 and a one year high of $7.64.
The company also recently disclosed a dividend, which was paid on Friday, June 2nd. Stockholders of record on Wednesday, May 24th were issued a dividend of $0.002 per share. The ex-dividend date of this dividend was Monday, May 22nd. Hecla Mining Company’s payout ratio is presently 4.00%.
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In other news, Director Anthony P. Taylor sold 30,000 shares of Hecla Mining Company stock in a transaction that occurred on Thursday, April 13th. The stock was sold at an average price of $6.09, for a total transaction of $182,700.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by company insiders.
Several hedge funds have recently made changes to their positions in HL. Norges Bank purchased a new stake in shares of Hecla Mining Company during the fourth quarter valued at $10,156,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new stake in shares of Hecla Mining Company during the fourth quarter valued at $2,620,000. AQR Capital Management LLC raised its stake in shares of Hecla Mining Company by 72.4% in the fourth quarter. AQR Capital Management LLC now owns 665,745 shares of the basic materials company’s stock valued at $3,489,000 after buying an additional 279,575 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its stake in shares of Hecla Mining Company by 0.5% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 263,649 shares of the basic materials company’s stock valued at $1,382,000 after buying an additional 1,223 shares during the last quarter. Finally, Seven Eight Capital LP purchased a new stake in shares of Hecla Mining Company during the fourth quarter valued at $122,000. 57.41% of the stock is currently owned by institutional investors.
Hecla Mining Company 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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