Zacks: Analysts Anticipate Hecla Mining Company (HL) Will Announce Earnings of $0.02 Per Share
Brokerages expect that Hecla Mining Company (NYSE:HL) will report $0.02 earnings per share for the current quarter, Zacks reports. Three analysts have provided estimates for Hecla Mining’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. Hecla Mining reported earnings per share of $0.07 during the same quarter last year, which would indicate a negative year-over-year growth rate of 71.4%. The firm is expected to issue its next quarterly earnings results on Tuesday, November 14th.
On average, analysts expect that Hecla Mining will report full-year earnings of $0.08 per share for the current year, with EPS estimates ranging from $0.00 to $0.21. For the next fiscal year, analysts forecast that the company will report earnings of $0.21 per share, with EPS estimates ranging from $0.15 to $0.29. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Hecla Mining.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by $0.05. The firm had revenue of $134.30 million for the quarter, compared to the consensus estimate of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The business’s revenue was down 21.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.06 earnings per share.
A number of equities analysts have recently commented on HL shares. HC Wainwright reaffirmed a “buy” rating and set a $8.50 target price on shares of Hecla Mining in a research report on Tuesday, August 29th. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a research report on Tuesday, May 30th. BidaskClub lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Finally, TheStreet raised shares of Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company’s stock. Hecla Mining currently has a consensus rating of “Hold” and an average price target of $6.43.
Hecla Mining (NYSE:HL) traded down 4.21% during mid-day trading on Friday, reaching $5.23. The company’s stock had a trading volume of 5,623,668 shares. Hecla Mining has a one year low of $4.61 and a one year high of $7.64. The firm’s 50 day moving average is $5.15 and its 200-day moving average is $5.35. The stock has a market cap of $2.09 billion, a P/E ratio of 42.52 and a beta of 0.40.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were paid a $0.0025 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.01 annualized dividend and a yield of 0.19%. Hecla Mining’s dividend payout ratio (DPR) is 7.69%.
A number of institutional investors and hedge funds have recently made changes to their positions in HL. Teachers Advisors LLC boosted its stake in Hecla Mining by 4.1% in the fourth quarter. Teachers Advisors LLC now owns 640,424 shares of the basic materials company’s stock valued at $3,356,000 after acquiring an additional 25,365 shares in the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Hecla Mining by 303.5% during the first quarter. Canada Pension Plan Investment Board now owns 301,400 shares of the basic materials company’s stock worth $1,594,000 after buying an additional 226,700 shares during the period. Eqis Capital Management Inc. acquired a new stake in shares of Hecla Mining during the first quarter worth $144,000. Bank of New York Mellon Corp lifted its stake in shares of Hecla Mining by 7.4% during the first quarter. Bank of New York Mellon Corp now owns 1,814,282 shares of the basic materials company’s stock worth $9,597,000 after buying an additional 125,779 shares during the period. Finally, Swiss National Bank lifted its stake in shares of Hecla Mining by 2.6% during the first quarter. Swiss National Bank now owns 651,437 shares of the basic materials company’s stock worth $3,446,000 after buying an additional 16,800 shares during the period. Institutional investors own 59.36% of the company’s stock.
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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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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