Wall Street brokerages forecast that Hecla Mining (NYSE:HL) will post $168.11 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Hecla Mining’s earnings, with the highest sales estimate coming in at $179.14 million and the lowest estimate coming in at $157.42 million. Hecla Mining reported sales of $140.84 million in the same quarter last year, which indicates a positive year-over-year growth rate of 19.4%. The business is expected to announce its next quarterly earnings results on Tuesday, November 6th.
On average, analysts expect that Hecla Mining will report full-year sales of $635.37 million for the current financial year, with estimates ranging from $619.37 million to $648.53 million. For the next financial year, analysts anticipate that the business will report sales of $852.03 million per share, with estimates ranging from $788.32 million to $919.61 million. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Hecla Mining.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.01 earnings per share for the quarter. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The company had revenue of $147.30 million for the quarter, compared to analysts’ expectations of $143.33 million. During the same quarter in the previous year, the business posted ($0.04) earnings per share. Hecla Mining’s quarterly revenue was up 9.7% on a year-over-year basis.
A number of research firms have weighed in on HL. Zacks Investment Research upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Tuesday, August 7th. Royal Bank of Canada reiterated a “hold” rating and set a $4.00 price objective on shares of Hecla Mining in a research report on Friday, August 10th. Canaccord Genuity reiterated a “hold” rating and set a $3.25 price objective on shares of Hecla Mining in a research report on Monday, August 13th. HC Wainwright set a $8.00 price objective on shares of Hecla Mining and gave the company a “buy” rating in a research report on Tuesday, July 24th. Finally, ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, May 17th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $4.81.
Shares of HL opened at $2.85 on Friday. Hecla Mining has a fifty-two week low of $2.59 and a fifty-two week high of $5.42. The firm has a market capitalization of $1.29 billion, a P/E ratio of 28.50, a price-to-earnings-growth ratio of 84.38 and a beta of 0.14. The company has a current ratio of 3.35, a quick ratio of 2.77 and a debt-to-equity ratio of 0.36.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 31st. Shareholders of record on Friday, August 24th were given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.35%. The ex-dividend date of this dividend was Thursday, August 23rd. Hecla Mining’s dividend payout ratio (DPR) is 10.00%.
A number of hedge funds have recently bought and sold shares of the business. Xact Kapitalforvaltning AB grew its holdings in shares of Hecla Mining by 34.4% in the first quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock worth $224,000 after purchasing an additional 15,600 shares during the last quarter. MetLife Investment Advisors LLC grew its holdings in shares of Hecla Mining by 13.2% in the first quarter. MetLife Investment Advisors LLC now owns 179,688 shares of the basic materials company’s stock worth $659,000 after purchasing an additional 20,906 shares during the last quarter. Financial Advocates Investment Management bought a new position in shares of Hecla Mining in the first quarter worth about $103,000. Swiss National Bank grew its holdings in shares of Hecla Mining by 4.5% in the first quarter. Swiss National Bank now owns 694,637 shares of the basic materials company’s stock worth $2,549,000 after purchasing an additional 29,600 shares during the last quarter. Finally, SG Americas Securities LLC grew its holdings in shares of Hecla Mining by 193.3% in the first quarter. SG Americas Securities LLC now owns 62,832 shares of the basic materials company’s stock worth $231,000 after purchasing an additional 41,411 shares during the last quarter. Institutional investors and hedge funds own 51.96% of the company’s stock.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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