Zacks: Analysts Anticipate Hecla Mining (NYSE:HL) Will Post Earnings of -$0.01 Per Share

Equities research analysts forecast that Hecla Mining (NYSE:HL) will report earnings of ($0.01) per share for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Hecla Mining’s earnings. The lowest EPS estimate is ($0.02) and the highest is ($0.01). Hecla Mining reported earnings of ($0.04) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 75%. The company is expected to report its next quarterly earnings report on Thursday, November 14th.

On average, analysts expect that Hecla Mining will report full-year earnings of ($0.12) per share for the current year, with EPS estimates ranging from ($0.13) to ($0.11). For the next year, analysts expect that the business will post earnings of $0.07 per share, with EPS estimates ranging from ($0.07) to $0.18. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Hecla Mining.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $134.17 million during the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.01 EPS.

A number of research analysts have weighed in on HL shares. Canaccord Genuity lowered Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective on the stock. in a report on Wednesday, August 7th. HC Wainwright raised their price objective on Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a report on Monday, August 19th. BMO Capital Markets set a $1.00 price target on Hecla Mining and gave the stock a “sell” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $2.25 price target on the stock in a report on Wednesday, October 9th. Finally, ValuEngine upgraded Hecla Mining from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. Six research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1.98.

HL stock traded down $0.01 during midday trading on Friday, reaching $1.99. The stock had a trading volume of 5,174,527 shares, compared to its average volume of 7,764,951. The company’s fifty day simple moving average is $1.90 and its 200 day simple moving average is $1.82. 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 company has a market cap of $980.50 million, a price-to-earnings ratio of -18.09 and a beta of 0.89. Hecla Mining has a 52-week low of $1.21 and a 52-week high of $3.07.

In related news, Director Catherine J. Boggs purchased 40,540 shares of Hecla Mining stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $1.50 per share, for a total transaction of $60,810.00. Following the acquisition, the director now directly owns 40,540 shares in the company, valued at $60,810. The purchase was disclosed in a filing with the SEC, which is available through this link. 1.80% of the stock is owned by insiders.

Several large investors have recently modified their holdings of the stock. Brookstone Capital Management increased its position in shares of Hecla Mining by 90.5% during the 3rd quarter. Brookstone Capital Management now owns 22,974 shares of the basic materials company’s stock worth $40,000 after purchasing an additional 10,916 shares during the last quarter. Commerzbank Aktiengesellschaft FI increased its position in shares of Hecla Mining by 35.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock worth $17,192,000 after purchasing an additional 2,541,606 shares during the last quarter. Verde Servicos Internacionais S.A. acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $29,000. Nuveen Asset Management LLC acquired a new stake in shares of Hecla Mining during the 2nd quarter worth about $3,389,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Hecla Mining by 34.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 486,679 shares of the basic materials company’s stock worth $876,000 after purchasing an additional 124,956 shares during the last quarter. 58.18% of the stock is owned by hedge funds and other institutional investors.

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

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