Equities analysts forecast that Hecla Mining (NYSE:HL) will post earnings of ($0.02) per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Hecla Mining’s earnings. The highest EPS estimate is ($0.02) and the lowest is ($0.03). Hecla Mining reported earnings per share of $0.01 during the same quarter last year, which would suggest a negative year-over-year growth rate of 300%. The business is scheduled to announce its next earnings report on Thursday, August 8th.

On average, analysts expect that Hecla Mining will report full-year earnings of ($0.07) per share for the current year, with EPS estimates ranging from ($0.15) to $0.04. For the next year, analysts expect that the company will report earnings of ($0.07) per share, with EPS estimates ranging from ($0.22) to $0.08. Zacks Investment Research’s 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 earnings results on Thursday, May 9th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.74%. The business had revenue of $152.60 million during the quarter, compared to analysts’ expectations of $150.31 million. During the same quarter in the previous year, the company earned $0.02 EPS. Hecla Mining’s revenue for the quarter was up 9.2% on a year-over-year basis.

Several analysts recently issued reports on HL shares. ValuEngine lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Friday, April 19th. HC Wainwright set a $6.00 price objective on Hecla Mining and gave the stock a “buy” rating in a report on Monday, April 22nd. B. Riley reiterated a “neutral” rating and set a $3.00 price objective (down from $3.50) on shares of Hecla Mining in a report on Friday, March 1st. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $2.50 price objective for the company in a report on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered Hecla Mining from an “overweight” rating to a “neutral” rating in a report on Friday, May 10th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $3.19.

A number of hedge funds and other institutional investors have recently bought and sold shares of HL. Dimensional Fund Advisors LP raised its holdings in Hecla Mining by 11.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 36,181,949 shares of the basic materials company’s stock valued at $85,389,000 after buying an additional 3,640,249 shares in the last quarter. Norges Bank bought a new position in Hecla Mining during the fourth quarter valued at about $8,311,000. Morgan Stanley raised its holdings in Hecla Mining by 86.8% during the first quarter. Morgan Stanley now owns 5,125,876 shares of the basic materials company’s stock valued at $11,790,000 after buying an additional 2,382,196 shares in the last quarter. MERIAN GLOBAL INVESTORS UK Ltd raised its holdings in Hecla Mining by 52.9% during the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 6,194,811 shares of the basic materials company’s stock valued at $14,248,000 after buying an additional 2,144,000 shares in the last quarter. Finally, Great Lakes Advisors LLC raised its holdings in Hecla Mining by 10,565.4% during the first quarter. Great Lakes Advisors LLC now owns 1,483,019 shares of the basic materials company’s stock valued at $3,411,000 after buying an additional 1,469,114 shares in the last quarter. Institutional investors own 59.41% of the company’s stock.

Shares of NYSE:HL traded up $0.03 during midday trading on Tuesday, hitting $1.51. 8,957,211 shares of the stock were exchanged, compared to its average volume of 5,857,200. The company has a current ratio of 0.98, a quick ratio of 0.45 and a debt-to-equity ratio of 0.33. Hecla Mining has a 52-week low of $1.21 and a 52-week high of $3.98. The firm has a market cap of $636.96 million, a price-to-earnings ratio of -13.73 and a beta of 0.74.

The company also recently disclosed a dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 24th will be issued a dividend of $0.002 per share. The ex-dividend date is Thursday, May 23rd. Hecla Mining’s dividend payout ratio is -9.09%.

Hecla Mining Company Profile

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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