Equities analysts expect Hecla Mining (NYSE:HL) to announce sales of $169.16 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Hecla Mining’s earnings. The highest sales estimate is $175.24 million and the lowest is $161.30 million. Hecla Mining reported sales of $143.65 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.8%. The company is scheduled to issue its next earnings results on Thursday, November 14th.
According to Zacks, analysts expect that Hecla Mining will report full year sales of $650.66 million for the current fiscal year, with estimates ranging from $609.50 million to $682.69 million. For the next fiscal year, analysts anticipate that the company will report sales of $725.97 million, with estimates ranging from $670.64 million to $796.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Hecla Mining.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The business had revenue of $134.17 million for the quarter, compared to the consensus estimate of $150.62 million. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. Hecla Mining’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.01 earnings per share.
A number of equities analysts have issued reports on the company. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Bank of America set a $2.00 price target on Hecla Mining and gave the stock a “sell” rating in a report on Friday, June 7th. CIBC cut Hecla Mining from a “neutral” rating to an “underperform” rating and set a $1.56 price target on the stock. in a report on Tuesday, May 14th. Cantor Fitzgerald set a $2.00 price target on Hecla Mining and gave the stock a “hold” rating in a report on Thursday, June 6th. Finally, Canaccord Genuity cut Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target on the stock. in a report on Wednesday, August 7th. Six investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $2.39.
Hecla Mining stock opened at $1.94 on Thursday. The stock has a market capitalization of $872.65 million, a price-to-earnings ratio of -17.64 and a beta of 0.96. Hecla Mining has a 52-week low of $1.21 and a 52-week high of $3.12. The stock’s 50 day moving average price is $1.76 and its two-hundred day moving average price is $1.93. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.55 and a current ratio of 1.23.
The company also recently announced a quarterly dividend, which was paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd were given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.41%. The ex-dividend date was Thursday, August 22nd. Hecla Mining’s payout ratio is -9.09%.
In other news, Director Catherine J. Boggs bought 40,540 shares of the stock in a transaction dated Friday, August 16th. The shares were bought at an average cost of $1.50 per share, with a total value of $60,810.00. Following the completion of the transaction, the director now directly owns 40,540 shares of the company’s stock, valued at $60,810. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is owned by corporate insiders.
Several large investors have recently modified their holdings of the company. Advisors Management Group Inc. ADV purchased a new stake in Hecla Mining in the 2nd quarter valued at $31,000. Piedmont Investment Advisors Inc. purchased a new stake in Hecla Mining in the 1st quarter valued at $32,000. Corient Capital Partners LLC purchased a new stake in Hecla Mining in the 2nd quarter valued at $41,000. First Allied Advisory Services Inc. purchased a new stake in Hecla Mining in the 2nd quarter valued at $41,000. Finally, Public Employees Retirement System of Ohio raised its position in Hecla Mining by 32.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 26,625 shares of the basic materials company’s stock valued at $48,000 after buying an additional 6,462 shares during the last quarter. 58.18% of the stock is currently owned by institutional investors.
Hecla Mining Company Profile
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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