Hecla Mining (NYSE:HL) Expected to Announce Quarterly Sales of $194.62 Million

Equities analysts expect Hecla Mining (NYSE:HL) to report $194.62 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Hecla Mining’s earnings, with the lowest sales estimate coming in at $177.90 million and the highest estimate coming in at $211.33 million. Hecla Mining reported sales of $188.89 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 17th.

On average, analysts expect that Hecla Mining will report full year sales of $827.84 million for the current financial year, with estimates ranging from $800.30 million to $849.50 million. For the next year, analysts expect that the business will report sales of $917.15 million, with estimates ranging from $813.20 million to $999.34 million. Zacks’ sales calculations are a mean average based on a survey of research analysts that cover Hecla Mining.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, November 4th. The basic materials company reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.21). Hecla Mining had a net margin of 2.41% and a return on equity of 4.41%. The firm had revenue of $193.60 million during the quarter, compared to the consensus estimate of $181.65 million. During the same period in the prior year, the company posted $0.05 EPS. The firm’s revenue was down 3.1% compared to the same quarter last year.

A number of analysts have commented on HL shares. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 11th. HC Wainwright reduced their price target on Hecla Mining from $7.75 to $7.50 and set a “buy” rating for the company in a research report on Wednesday, October 13th. Finally, Roth Capital started coverage on Hecla Mining in a research report on Monday, September 27th. They issued a “buy” rating and a $7.50 price target for the company. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $7.64.

HL remained flat at $$4.87 during midday trading on Friday. The company’s stock had a trading volume of 6,709,968 shares, compared to its average volume of 6,642,667. The company has a current ratio of 2.46, a quick ratio of 2.00 and a debt-to-equity ratio of 0.30. The company’s 50-day moving average price is $5.50 and its 200-day moving average price is $5.97. The firm has a market capitalization of $2.62 billion, a P/E ratio of -30.44, a P/E/G ratio of 20.08 and a beta of 2.14. Hecla Mining has a fifty-two week low of $4.50 and a fifty-two week high of $9.44.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 3rd. Investors of record on Friday, November 19th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.31%. The ex-dividend date was Thursday, November 18th. Hecla Mining’s dividend payout ratio is currently -18.75%.

Several large investors have recently added to or reduced their stakes in the stock. Crestmont Private Wealth LLC purchased a new stake in shares of Hecla Mining during the fourth quarter worth about $48,000. Balyasny Asset Management LLC purchased a new stake in shares of Hecla Mining during the third quarter worth about $12,967,000. Strategic Wealth Advisors Group LLC grew its position in shares of Hecla Mining by 160.7% during the third quarter. Strategic Wealth Advisors Group LLC now owns 70,295 shares of the basic materials company’s stock worth $387,000 after purchasing an additional 43,334 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Hecla Mining by 257.1% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 135,911 shares of the basic materials company’s stock valued at $748,000 after buying an additional 97,847 shares in the last quarter. Finally, Janus Henderson Group PLC purchased a new position in Hecla Mining during the 3rd quarter valued at approximately $297,000. Hedge funds and other institutional investors own 59.75% of the company’s stock.

About Hecla Mining

Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: The Greens Creek, The Lucky Friday, The Casa Berardi, The Nevada Operations, and The San Sebastian.

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