National Bank Financial Forecasts Hecla Mining Q3 Earnings

Hecla Mining (NYSE:HL) – National Bank Financial issued their Q3 2024 EPS estimates for Hecla Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin expects that the basic materials company will post earnings of $0.00 per share for the quarter. The consensus estimate for Hecla Mining’s current full-year earnings is $0.07 per share. National Bank Financial also issued estimates for Hecla Mining’s FY2025 earnings at $0.17 EPS.

Several other research firms have also commented on HL. HC Wainwright restated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, Roth Mkm lowered their price target on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Hecla Mining Stock Down 2.4 %

HL stock opened at $6.99 on Thursday. The firm has a fifty day moving average price of $6.43 and a two-hundred day moving average price of $5.75. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of -46.60 and a beta of 2.01. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 0.58. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The firm had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. During the same quarter in the previous year, the firm earned $0.03 earnings per share.

Hedge Funds Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Empowered Funds LLC lifted its holdings in Hecla Mining by 27.7% in the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 2,916 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Hecla Mining by 0.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 338,040 shares of the basic materials company’s stock valued at $1,639,000 after acquiring an additional 2,939 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in Hecla Mining by 21.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 16,714 shares of the basic materials company’s stock valued at $111,000 after acquiring an additional 2,982 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in Hecla Mining by 8.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 44,553 shares of the basic materials company’s stock valued at $216,000 after acquiring an additional 3,386 shares during the last quarter. Finally, Ballentine Partners LLC lifted its holdings in Hecla Mining by 37.6% in the 3rd quarter. Ballentine Partners LLC now owns 15,435 shares of the basic materials company’s stock valued at $103,000 after acquiring an additional 4,215 shares during the last quarter. Institutional investors own 63.01% of the company’s stock.

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares in the company, valued at $1,175,949. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by insiders.

Hecla Mining Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 5th. Investors of record on Monday, August 26th were given a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date was Monday, August 26th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio is currently -33.33%.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.