Hecla Mining (NYSE:HL) – Stock analysts at B. Riley reduced their FY2021 earnings per share (EPS) estimates for shares of Hecla Mining in a research report issued on Tuesday, November 5th. B. Riley analyst A. Graf now forecasts that the basic materials company will post earnings of ($0.15) per share for the year, down from their previous forecast of ($0.14). B. Riley currently has a “Neutral” rating and a $1.80 price target on the stock.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, November 7th. The basic materials company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business had revenue of $161.50 million during the quarter, compared to analyst estimates of $179.40 million. During the same quarter in the prior year, the company posted ($0.05) earnings per share. The company’s revenue was up 12.4% on a year-over-year basis.
HL has been the topic of a number of other research reports. BMO Capital Markets raised Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their target price for the company from $1.60 to $2.20 in a research report on Thursday. HC Wainwright boosted their target price on Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a research report on Monday, August 19th. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a research report on Friday. Zacks Investment Research lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Canaccord Genuity lowered Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price on the stock. in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Hecla Mining presently has an average rating of “Hold” and a consensus price target of $2.10.
NYSE HL traded up $0.08 on Friday, reaching $2.31. The stock had a trading volume of 7,849,090 shares, compared to its average volume of 7,279,325. The firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -21.00 and a beta of 0.97. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.07. The stock has a fifty day moving average price of $2.03 and a two-hundred day moving average price of $1.80.
In related news, Director Catherine J. Boggs acquired 40,540 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $1.50 per share, with a total value of $60,810.00. Following the completion of the transaction, the director now owns 40,540 shares of the company’s stock, valued at $60,810. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.80% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the company. Great Lakes Advisors LLC increased its holdings in Hecla Mining by 9.2% in the second quarter. Great Lakes Advisors LLC now owns 1,619,799 shares of the basic materials company’s stock valued at $2,916,000 after buying an additional 136,780 shares during the last quarter. CWM Advisors LLC increased its holdings in Hecla Mining by 46.1% in the second quarter. CWM Advisors LLC now owns 91,780 shares of the basic materials company’s stock valued at $165,000 after buying an additional 28,960 shares during the last quarter. Aperio Group LLC increased its holdings in Hecla Mining by 6.0% in the second quarter. Aperio Group LLC now owns 225,450 shares of the basic materials company’s stock valued at $406,000 after buying an additional 12,737 shares during the last quarter. Alps Advisors Inc. increased its holdings in Hecla Mining by 348.8% in the second quarter. Alps Advisors Inc. now owns 1,752,151 shares of the basic materials company’s stock valued at $3,154,000 after buying an additional 1,361,747 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in Hecla Mining by 24.3% in the second quarter. First Trust Advisors LP now owns 631,418 shares of the basic materials company’s stock valued at $1,137,000 after buying an additional 123,633 shares during the last quarter. 56.61% of the stock is currently owned by institutional investors and hedge funds.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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