Hecla Mining (HL) Expected to Announce Earnings of $0.02 Per Share

Brokerages expect Hecla Mining (NYSE:HL) to report earnings per share (EPS) of $0.02 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 $0.04. Hecla Mining reported earnings per share of $0.03 in the same quarter last year, which indicates a negative year-over-year growth rate of 33.3%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Hecla Mining will report full-year earnings of $0.05 per share for the current financial year, with EPS estimates ranging from $0.02 to $0.09. For the next fiscal year, analysts expect that the company will report earnings of $0.16 per share, with EPS estimates ranging from $0.11 to $0.21. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Hecla Mining.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data 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 return on equity of 1.89% and a net margin of 4.21%. The company had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same period in the previous year, the firm posted $0.07 EPS. Hecla Mining’s revenue was down 21.5% compared to the same quarter last year.

Several research firms recently issued reports on HL. B. Riley reiterated a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. Zacks Investment Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. Canaccord Genuity restated a “buy” rating and set a $5.00 target price on shares of Hecla Mining in a report on Monday, January 8th. ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, BMO Capital Markets restated a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a report on Wednesday, September 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.54.

Hecla Mining (NYSE HL) traded down $0.18 during mid-day trading on Monday, reaching $4.18. The company had a trading volume of 3,380,635 shares, compared to its average volume of 4,640,000. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34. Hecla Mining has a 12 month low of $3.43 and a 12 month high of $6.78. The firm has a market cap of $1,670.00, a PE ratio of 69.67, a price-to-earnings-growth ratio of 28.13 and a beta of 0.20.

In other news, Director Theodore Crumley purchased 10,000 shares of Hecla Mining stock in a transaction dated Thursday, December 7th. The shares were purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the transaction, the director now owns 126,536 shares in the company, valued at $441,610.64. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Phillips S. Baker, Jr. purchased 13,000 shares of Hecla Mining stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $3.76 per share, for a total transaction of $48,880.00. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HL. Legal & General Group Plc raised its position in shares of Hecla Mining by 15.7% during the 2nd quarter. Legal & General Group Plc now owns 147,355 shares of the basic materials company’s stock valued at $751,000 after buying an additional 20,001 shares during the period. Prudential Financial Inc. raised its position in shares of Hecla Mining by 1,745.2% during the 2nd quarter. Prudential Financial Inc. now owns 771,532 shares of the basic materials company’s stock valued at $3,935,000 after buying an additional 729,720 shares during the period. Principal Financial Group Inc. raised its position in shares of Hecla Mining by 11.0% during the 2nd quarter. Principal Financial Group Inc. now owns 231,097 shares of the basic materials company’s stock valued at $1,179,000 after buying an additional 22,815 shares during the period. Swiss National Bank raised its position in shares of Hecla Mining by 2.1% during the 2nd quarter. Swiss National Bank now owns 665,037 shares of the basic materials company’s stock valued at $3,392,000 after buying an additional 13,600 shares during the period. Finally, JPMorgan Chase & Co. raised its position in shares of Hecla Mining by 2,590.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock valued at $5,477,000 after buying an additional 1,033,961 shares during the period. 60.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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