Wall Street brokerages predict that Hecla Mining Company (NYSE:HL) will post earnings per share of $0.02 for the current fiscal quarter, according to Zacks. Two 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 $0.04. Hecla Mining reported earnings of $0.03 per share in the same quarter last year, which would indicate a negative year-over-year growth rate of 33.3%. The business is expected to announce its next quarterly earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Hecla Mining will report full year earnings of $0.05 per share for the current fiscal year, with EPS estimates ranging from $0.02 to $0.08. For the next financial year, analysts expect that the business will report earnings of $0.16 per share, with EPS estimates ranging from $0.11 to $0.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Hecla Mining.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. Hecla Mining’s revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.07 EPS.

Several research analysts have weighed in on HL shares. BMO Capital Markets reiterated a “hold” rating and issued a $6.00 price target on shares of Hecla Mining in a report on Wednesday, September 20th. Canaccord Genuity reiterated a “hold” rating and issued a $5.25 price target on shares of Hecla Mining in a report on Friday, October 6th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. HC Wainwright reiterated a “buy” rating and issued a $8.50 price target on shares of Hecla Mining in a report on Friday, October 13th. Finally, Royal Bank of Canada set a $6.00 price target on Hecla Mining and gave the company a “hold” rating in a report on Wednesday, October 18th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.54.

In other news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was acquired at an average cost of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Theodore Crumley acquired 10,000 shares of the company’s stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the completion of the acquisition, the director now owns 126,536 shares in the company, valued at $441,610.64. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. Van ECK Associates Corp boosted its position in Hecla Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock worth $193,428,000 after purchasing an additional 426,023 shares during the period. Dimensional Fund Advisors LP boosted its position in Hecla Mining by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after purchasing an additional 198,411 shares during the period. Vanguard Group Inc. boosted its position in Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after purchasing an additional 288,819 shares during the period. State of New Jersey Common Pension Fund D boosted its position in Hecla Mining by 2.5% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 7,150,000 shares of the basic materials company’s stock worth $35,893,000 after purchasing an additional 175,000 shares during the period. Finally, Northern Trust Corp boosted its position in Hecla Mining by 4.4% during the 2nd quarter. Northern Trust Corp now owns 4,874,491 shares of the basic materials company’s stock worth $24,860,000 after purchasing an additional 203,876 shares during the period. Institutional investors and hedge funds own 60.28% of the company’s stock.

Shares of Hecla Mining (HL) traded down $0.08 on Monday, reaching $4.41. The company’s stock had a trading volume of 5,520,400 shares, compared to its average volume of 5,019,600. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. The firm has a market cap of $1,760.00, a P/E ratio of 73.50, a PEG ratio of 28.45 and a beta of 0.20. Hecla Mining has a 52 week low of $3.43 and a 52 week high of $6.78.

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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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