FY2016 EPS Estimates for Hecla Mining Co. Increased by FBR & Co (HL)
Hecla Mining Co. (NYSE:HL) – Equities research analysts at FBR & Co raised their FY2016 EPS estimates for shares of Hecla Mining in a report released on Tuesday. FBR & Co analyst L. Pipes now expects that the brokerage will post earnings per share of $0.14 for the year, up from their prior forecast of $0.12. FBR & Co currently has a “Mkt Perform” rating and a $6.00 price target on the stock.
HL has been the topic of several other research reports. BMO Capital Markets cut Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday, August 23rd. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Wednesday, June 29th. JPMorgan Chase & Co. raised Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price on the stock in a research report on Tuesday, August 9th. Scotiabank raised Hecla Mining from an “underperform” rating to a “sector perform” rating and increased their target price for the company from $3.75 to $6.15 in a research report on Wednesday, July 13th. Finally, Rodman & Renshaw started coverage on Hecla Mining in a research report on Tuesday, September 6th. They set a “buy” rating and a $9.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $5.51.
Shares of Hecla Mining (NYSE:HL) traded up 2.4385% during mid-day trading on Wednesday, hitting $6.0746. The company had a trading volume of 5,973,240 shares. Hecla Mining has a 1-year low of $1.45 and a 1-year high of $7.26. The company has a 50-day moving average price of $5.63 and a 200-day moving average price of $5.12. The company’s market capitalization is $2.35 billion.
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Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. Hecla Mining had a positive return on equity of 1.54% and a negative net margin of 9.44%. The company earned $171.30 million during the quarter, compared to analyst estimates of $141.25 million. During the same quarter in the previous year, the company posted ($0.05) earnings per share. Hecla Mining’s revenue was up 64.4% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of HL. BlackRock Group LTD raised its position in shares of Hecla Mining by 15.6% in the first quarter. BlackRock Group LTD now owns 362,836 shares of the company’s stock worth $1,009,000 after buying an additional 49,079 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Hecla Mining by 2.9% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 9,701,953 shares of the company’s stock valued at $26,971,000 after buying an additional 277,892 shares in the last quarter. State Street Corp increased its stake in shares of Hecla Mining by 17.7% in the first quarter. State Street Corp now owns 13,529,297 shares of the company’s stock valued at $37,612,000 after buying an additional 2,033,796 shares in the last quarter. Adirondack Research & Management Inc. increased its stake in shares of Hecla Mining by 25.8% in the first quarter. Adirondack Research & Management Inc. now owns 609,125 shares of the company’s stock valued at $1,693,000 after buying an additional 125,000 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Hecla Mining by 25.4% in the second quarter. BNP Paribas Arbitrage SA now owns 63,465 shares of the company’s stock valued at $324,000 after buying an additional 12,857 shares in the last quarter. Institutional investors own 57.97% of the company’s stock.
In related news, VP David C. Sienko sold 13,722 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $5.85, for a total value of $80,273.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Lawrence P. Radford sold 100,000 shares of the firm’s stock in a transaction on Friday, August 12th. The stock was sold at an average price of $7.12, for a total value of $712,000.00. The disclosure for this sale can be found here. 1.80% of the stock is owned by corporate insiders.
Hecla Mining Company Profile
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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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