Zacks: Brokerages Anticipate Hecla Mining Company (HL) to Announce $0.02 Earnings Per Share
Analysts predict that Hecla Mining Company (NYSE:HL) will report earnings of $0.02 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hecla Mining’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.02). Hecla Mining reported earnings per share of $0.03 in the same quarter last year, which would suggest a negative year-over-year growth rate of 33.3%. The company is expected to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that Hecla Mining will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.08. For the next financial year, analysts anticipate that the firm will report earnings of $0.16 per share, with EPS estimates ranging from $0.11 to $0.24. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Hecla Mining.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The business had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. During the same period in the previous year, the company earned $0.07 earnings per share. The business’s revenue for the quarter was down 21.5% on a year-over-year basis.
Several equities research analysts have commented on the stock. Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a report on Tuesday, November 14th. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Wednesday, September 20th. B. Riley upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price objective for the company in a research report on Thursday, November 30th. HC Wainwright reiterated a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a research report on Friday, November 3rd. Finally, Cantor Fitzgerald began coverage on shares of Hecla Mining in a research report on Monday, December 4th. They issued a “buy” rating and a $5.00 price objective for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. Hecla Mining has a consensus rating of “Hold” and an average target price of $5.75.
Hecla Mining (HL) traded up $0.05 during trading hours on Tuesday, reaching $3.62. 4,361,200 shares of the company’s stock traded hands, compared to its average volume of 5,582,697. Hecla Mining has a one year low of $3.43 and a one year high of $6.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The stock has a market capitalization of $1,424.50, a price-to-earnings ratio of 51.00, a price-to-earnings-growth ratio of 71.40 and a beta of 0.20.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were given a dividend of $0.0025 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.01 annualized dividend and a dividend yield of 0.28%. Hecla Mining’s dividend payout ratio (DPR) is presently 16.67%.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Theodore Crumley acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were acquired at an average cost of $3.49 per share, with a total value of $34,900.00. Following the purchase, the director now owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Van ECK Associates Corp grew its stake in shares of Hecla Mining by 1.1% in the 3rd quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock valued at $193,428,000 after buying an additional 426,023 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Hecla Mining by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock valued at $168,350,000 after buying an additional 198,411 shares during the period. Vanguard Group Inc. boosted its position in shares of Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after purchasing an additional 288,819 shares during the period. BT Investment Management Ltd purchased a new position in shares of Hecla Mining during the 2nd quarter worth approximately $77,979,000. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Hecla Mining by 2.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 7,150,000 shares of the basic materials company’s stock worth $35,893,000 after purchasing an additional 175,000 shares during the period. 60.33% of the stock is owned by institutional investors.
About Hecla Mining
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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