B. Riley Analysts Lift Earnings Estimates for Hecla Mining (HL)
Hecla Mining (NYSE:HL) – B. Riley increased their Q1 2019 EPS estimates for shares of Hecla Mining in a report released on Tuesday. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings per share of $0.04 for the quarter, up from their previous forecast of $0.02. B. Riley has a “Buy” rating and a $5.00 price target on the stock. B. Riley also issued estimates for Hecla Mining’s Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.04 EPS and Q4 2019 earnings at $0.04 EPS.
Hecla Mining (NYSE:HL) last posted its 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 firm had revenue of $160.10 million during the quarter, compared to analysts’ expectations of $156.85 million. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 earnings per share.
HL stock traded up $0.03 during mid-day trading on Wednesday, hitting $3.59. 2,637,130 shares of the stock were exchanged, compared to its average volume of 4,940,129. The company has a market capitalization of $1,306.03, a PE ratio of -59.83, a P/E/G ratio of 261.60 and a beta of 0.30. 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 has a 52-week low of $3.25 and a 52-week high of $6.17.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Stockholders of record on Tuesday, March 6th were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.28%. The ex-dividend date was Monday, March 5th. Hecla Mining’s dividend payout ratio is currently -16.67%.
Several institutional investors have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB acquired a new position in shares of Hecla Mining in the fourth quarter valued at approximately $180,000. MetLife Investment Advisors LLC acquired a new stake in Hecla Mining during the 4th quarter valued at approximately $630,000. LPL Financial LLC increased its position in Hecla Mining by 23.7% during the 4th quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock valued at $484,000 after purchasing an additional 23,306 shares during the period. Millennium Management LLC acquired a new stake in Hecla Mining during the 4th quarter valued at approximately $13,161,000. Finally, TIAA CREF Investment Management LLC increased its position in Hecla Mining by 29.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,419,693 shares of the basic materials company’s stock valued at $5,636,000 after purchasing an additional 319,706 shares during the period. 59.98% of the stock is owned by institutional investors.
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.
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