Hecla Mining (HL) Set to Announce Earnings on Wednesday

Hecla Mining (NYSE:HL) is scheduled to post its quarterly earnings results after the market closes on Wednesday, May 8th. Analysts expect Hecla Mining to post earnings of ($0.02) per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business had revenue of $160.69 million for the quarter, compared to the consensus estimate of $151.51 million. During the same period in the prior year, the business posted $0.02 EPS. Hecla Mining’s revenue for the quarter was down 17.5% on a year-over-year basis. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hecla Mining Price Performance

Shares of NYSE HL opened at $4.74 on Monday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.30. The company has a 50 day simple moving average of $4.66 and a two-hundred day simple moving average of $4.42. The company has a market capitalization of $2.92 billion, a price-to-earnings ratio of -31.60 and a beta of 2.21. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.51%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is currently -13.33%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HL. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, Roth Mkm lifted their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining presently has an average rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.