Equities analysts expect Hecla Mining (NYSE:HL) to announce earnings per share (EPS) of $0.01 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hecla Mining’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at $0.01. Hecla Mining posted earnings per share of ($0.06) in the same quarter last year, which suggests a positive year over year growth rate of 116.7%. The firm is expected to issue its next 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 fiscal year, with EPS estimates ranging from ($0.15) to ($0.12). For the next year, analysts expect that the business will report earnings of $0.03 per share, with EPS estimates ranging from ($0.07) to $0.08. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Hecla Mining.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data 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 for the quarter, compared to analyst estimates of $179.40 million. Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. The business’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period last year, the business earned ($0.05) EPS.
Several research analysts recently issued reports on HL shares. Cantor Fitzgerald raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. BMO Capital Markets raised shares of Hecla Mining from an “underperform” rating to a “market perform” rating and lifted their price target for the company from $1.60 to $2.20 in a research note on Thursday, November 7th. CIBC upgraded shares of Hecla Mining from an “underperform” rating to a “neutral” rating and set a $3.75 price objective on the stock in a report on Tuesday, January 7th. ValuEngine cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, TheStreet upgraded Hecla Mining from a “d+” rating to a “c-” rating in a research note on Thursday, December 26th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Hecla Mining has an average rating of “Hold” and an average price target of $2.31.
In other Hecla Mining news, Director Terry V. Rogers sold 17,300 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $3.32, for a total value of $57,436.00. Following the transaction, the director now directly owns 105,013 shares of the company’s stock, valued at $348,643.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.80% of the stock is owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Hecla Mining by 35.2% in the third quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock valued at $17,192,000 after purchasing an additional 2,541,606 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Hecla Mining during the second quarter worth $3,389,000. Millennium Management LLC grew its holdings in Hecla Mining by 55,213.1% during the third quarter. Millennium Management LLC now owns 1,653,393 shares of the basic materials company’s stock worth $2,909,000 after buying an additional 1,656,393 shares in the last quarter. BlackRock Inc. raised its position in Hecla Mining by 4.7% in the 2nd quarter. BlackRock Inc. now owns 34,285,217 shares of the basic materials company’s stock valued at $61,715,000 after buying an additional 1,533,202 shares during the last quarter. Finally, Morgan Stanley raised its position in Hecla Mining by 22.0% in the 2nd quarter. Morgan Stanley now owns 6,255,702 shares of the basic materials company’s stock valued at $11,260,000 after buying an additional 1,129,826 shares during the last quarter. Institutional investors and hedge funds own 56.98% of the company’s stock.
Hecla Mining stock opened at $3.10 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.51. The firm’s fifty day moving average is $3.07 and its 200 day moving average is $2.22. The company has a market capitalization of $1.60 billion, a PE ratio of -12.92, a PEG ratio of 99.39 and a beta of 1.10.
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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