Brokerages Anticipate Hecla Mining (HL) Will Announce Quarterly Sales of $160.53 Million

Equities analysts expect Hecla Mining (NYSE:HL) to report $160.53 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Hecla Mining’s earnings. The lowest sales estimate is $147.06 million and the highest is $174.00 million. Hecla Mining reported sales of $164.25 million during the same quarter last year, which would suggest a negative year over year growth rate of 2.3%. The company is expected to report its next earnings report on Thursday, February 22nd.

According to Zacks, analysts expect that Hecla Mining will report full-year sales of $160.53 million for the current year, with estimates ranging from $564.72 million to $723.60 million. For the next fiscal year, analysts forecast that the business will report sales of $724.79 million per share, with estimates ranging from $593.95 million to $843.10 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Hecla Mining.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.02. The firm had revenue of $140.80 million for 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%. The business’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 earnings per share.

Several research firms have issued reports on HL. Canaccord Genuity upgraded 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 Tuesday, November 14th. BMO Capital Markets restated a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a research report on Wednesday, September 20th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research report on Wednesday, January 3rd. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, B. Riley upgraded Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price objective on the stock in a research report on Thursday, November 30th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $5.54.

In other Hecla Mining news, Director Theodore Crumley acquired 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were bought at an average price of $3.49 per share, for a total transaction of $34,900.00. Following the completion of the transaction, the director now owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $3.76 per share, for a total transaction of $48,880.00. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Ameriprise Financial Inc. raised its position 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 valued at $119,000 after purchasing an additional 3,143 shares in the last quarter. Advisor Group Inc. raised its position 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 valued at $142,000 after purchasing an additional 16,561 shares in the last quarter. Ameritas Investment Partners Inc. raised its position in Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 1,643 shares in the last quarter. Virtu Financial LLC raised its position in Hecla Mining by 550.7% during the third quarter. Virtu Financial LLC now owns 182,184 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 154,185 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new stake in Hecla Mining during the third quarter valued at about $187,000. Institutional investors and hedge funds own 60.28% of the company’s stock.

Hecla Mining (NYSE:HL) traded down $0.05 during trading hours on Wednesday, hitting $4.36. The company’s stock had a trading volume of 4,591,700 shares, compared to its average volume of 4,976,870. The stock has a market capitalization of $1,760.00, a P/E ratio of 72.67, a P/E/G ratio of 28.45 and a beta of 0.20. Hecla Mining has a 12-month low of $3.43 and a 12-month high of $6.78. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34.

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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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