Equities Analysts Issue Forecasts for Hecla Mining Company’s Q1 2018 Earnings (HL)
Hecla Mining Company (NYSE:HL) – Investment analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Hecla Mining in a report released on Thursday. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings per share of $0.03 for the quarter. B. Riley currently has a “Buy” rating and a $5.00 target price on the stock. B. Riley also issued estimates for Hecla Mining’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.03 EPS.
Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The business had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same period last year, the company earned $0.07 earnings per share. The company’s quarterly revenue was down 21.5% on a year-over-year basis.
Several other equities research analysts have also recently issued reports on the stock. HC Wainwright reissued a “buy” rating and issued a $8.50 target price on shares of Hecla Mining in a research report on Tuesday, August 29th. Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research report on Tuesday, November 14th. BMO Capital Markets initiated coverage on shares of Hecla Mining in a research report on Friday, November 17th. They issued a “market perform” rating and a $4.75 target price on the stock. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Finally, Royal Bank Of Canada set a $6.00 target price on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.06.
Hecla Mining (HL) traded up $0.01 on Friday, hitting $3.74. 5,300,200 shares of the company traded hands, compared to its average volume of 5,609,832. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. Hecla Mining has a twelve month low of $3.63 and a twelve month high of $6.78. The firm has a market capitalization of $1,480.00, a PE ratio of 54.29, a PEG ratio of 76.00 and a beta of 0.31.
Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Hecla Mining by 0.9% during the second quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock valued at $163,877,000 after buying an additional 288,819 shares in the last quarter. Old Mutual Global Investors UK Ltd. raised its stake in shares of Hecla Mining by 73.8% during the second quarter. Old Mutual Global Investors UK Ltd. now owns 1,504,211 shares of the basic materials company’s stock valued at $7,671,000 after purchasing an additional 638,721 shares during the period. Cubist Systematic Strategies LLC purchased a new stake in shares of Hecla Mining during the second quarter valued at approximately $377,000. JPMorgan Chase & Co. raised its stake in shares of Hecla Mining by 2,590.3% during the second quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock valued at $5,477,000 after purchasing an additional 1,033,961 shares during the period. Finally, Teachers Advisors LLC raised its stake in shares of Hecla Mining by 6.0% during the second quarter. Teachers Advisors LLC now owns 710,279 shares of the basic materials company’s stock valued at $3,622,000 after purchasing an additional 40,511 shares during the period. 60.34% of the stock is currently owned by hedge funds and other institutional investors.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 1.50% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.0025 per share. The ex-dividend date is Monday, November 20th. This represents a $0.01 dividend on an annualized basis and a yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is 16.67%.
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About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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