Zacks: Brokerages Anticipate Hecla Mining (NYSE:HL) Will Announce Earnings of $0.02 Per Share

Wall Street brokerages forecast that Hecla Mining (NYSE:HL) will report $0.02 earnings per share (EPS) for the current quarter, according to Zacks. Two analysts have made estimates for Hecla Mining’s earnings. The lowest EPS estimate is $0.01 and the highest is $0.03. Hecla Mining reported earnings of ($0.06) per share in the same quarter last year, which indicates a positive year over year growth rate of 133.3%. The firm is expected to report its next earnings results on Thursday, February 20th.

According to Zacks, analysts expect that Hecla Mining will report full-year earnings of ($0.14) per share for the current fiscal year, with EPS estimates ranging from ($0.16) to ($0.12). For the next financial year, analysts expect that the company will post earnings of $0.05 per share, with EPS estimates ranging from ($0.10) to $0.16. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Hecla Mining.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.02) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. The business had revenue of $161.50 million for the quarter, compared to the consensus estimate of $179.40 million. During the same period last year, the firm earned ($0.05) earnings per share. The company’s quarterly revenue was up 12.4% compared to the same quarter last year.

HL has been the topic of a number of recent analyst reports. Cantor Fitzgerald raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Canaccord Genuity downgraded shares of 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. Zacks Investment Research lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. BMO Capital Markets upgraded shares of Hecla Mining from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $1.60 to $2.20 in a report on Thursday, November 7th. Finally, HC Wainwright increased their target price on shares of Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research report on Monday, August 19th. Five analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. Hecla Mining has an average rating of “Hold” and an average target price of $2.10.

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio lifted its holdings in shares of Hecla Mining by 32.0% during the second quarter. Public Employees Retirement System of Ohio now owns 26,625 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 6,462 shares during the period. California State Teachers Retirement System raised its position in Hecla Mining by 1.2% in the third quarter. California State Teachers Retirement System now owns 750,784 shares of the basic materials company’s stock worth $1,321,000 after acquiring an additional 8,990 shares in the last quarter. Brookstone Capital Management lifted its holdings in Hecla Mining by 90.5% in the third quarter. Brookstone Capital Management now owns 22,974 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 10,916 shares during the period. CoreCommodity Management LLC lifted its holdings in Hecla Mining by 14.6% in the second quarter. CoreCommodity Management LLC now owns 96,216 shares of the basic materials company’s stock valued at $173,000 after acquiring an additional 12,245 shares during the period. Finally, Aperio Group LLC lifted 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 acquiring an additional 12,737 shares during the period. Institutional investors and hedge funds own 56.98% of the company’s stock.

NYSE:HL traded up $0.02 during mid-day trading on Wednesday, reaching $2.77. The company’s stock had a trading volume of 640,128 shares, compared to its average volume of 8,044,241. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37. The stock has a market cap of $1.38 billion, a P/E ratio of -25.18 and a beta of 0.97. The firm’s fifty day moving average price is $2.26 and its two-hundred day moving average price is $1.86. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.07.

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 3rd. Shareholders of record on Friday, November 22nd were issued a dividend of $0.002 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.01 annualized dividend and a yield of 0.29%. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.

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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Earnings History and Estimates for Hecla Mining (NYSE:HL)

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