Hecla Mining Company Expected to Earn FY2017 Earnings of $0.03 Per Share (HL)
Hecla Mining Company (NYSE:HL) – Analysts at B. Riley raised their FY2017 earnings per share (EPS) estimates for shares of Hecla Mining in a report released on Thursday. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings per share of $0.03 for the year, up from their previous forecast of $0.01. B. Riley currently has a “Buy” rating and a $5.00 price objective on the stock. B. Riley also issued estimates for Hecla Mining’s Q4 2017 earnings at ($0.02) EPS.
Other equities research analysts have also recently issued research reports about the stock. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a research report on Tuesday, August 29th. BMO Capital Markets reissued a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research report on Wednesday, September 20th. Zacks Investment Research raised shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Finally, Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 target price for the company in a research report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $6.06.
Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. Hecla Mining’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.07 earnings per share.
Hedge funds have recently bought and sold shares of the stock. Ameriprise Financial Inc. raised its stake in Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 3,143 shares in the last quarter. Trexquant Investment LP acquired a new position in Hecla Mining during the second quarter worth about $124,000. Pacad Investment Ltd. raised its stake in Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 2,600 shares in the last quarter. Advisor Group Inc. raised its stake in Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 16,561 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after acquiring an additional 802 shares in the last quarter. 60.34% of the stock is owned by institutional investors and hedge funds.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is presently 16.67%.
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About Hecla Mining
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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