Equities Analysts Set Expectations for Hecla Mining’s Q2 2018 Earnings (HL)

Hecla Mining (NYSE:HL) – Equities researchers at B. Riley raised their Q2 2018 earnings per share (EPS) estimates for shares of Hecla Mining in a research report issued on Tuesday. B. Riley analyst L. Pipes now expects that the basic materials company will post earnings of $0.00 per share for the quarter, up from their prior forecast of ($0.02). B. Riley has a “Buy” rating and a $5.00 price target on the stock.

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Other analysts have also issued reports about the stock. HC Wainwright reaffirmed a “buy” rating and set a $8.00 price target on shares of Hecla Mining in a research report on Friday, March 9th. Canaccord Genuity reaffirmed a “buy” rating and set a $5.00 price target on shares of Hecla Mining in a research report on Monday, January 8th. Cantor Fitzgerald started coverage on shares of Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 price target on the stock. BMO Capital Markets set a $5.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Thursday, February 8th. Three research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $5.14.

Shares of Hecla Mining stock opened at $3.65 on Thursday. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. Hecla Mining has a 1 year low of $3.25 and a 1 year high of $6.17. The stock has a market cap of $1,421.85, a price-to-earnings ratio of -60.83, a price-to-earnings-growth ratio of 152.57 and a beta of 0.30.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 15th. 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 negative net margin of 4.07% and a positive return on equity of 2.17%. The firm had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. During the same period in the prior year, the firm posted $0.03 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year.

Several large investors have recently added to or reduced their stakes in HL. New York State Common Retirement Fund increased its holdings in shares of Hecla Mining by 4.5% in the third quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock valued at $2,112,000 after purchasing an additional 18,200 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Hecla Mining by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 4,464,602 shares of the basic materials company’s stock valued at $22,413,000 after purchasing an additional 224,827 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Hecla Mining by 37.0% in the third quarter. SG Americas Securities LLC now owns 200,417 shares of the basic materials company’s stock valued at $1,006,000 after purchasing an additional 54,147 shares during the last quarter. Yorktown Management & Research Co Inc acquired a new position in shares of Hecla Mining in the third quarter valued at $348,000. Finally, Van ECK Associates Corp increased its holdings in shares of Hecla Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock valued at $193,428,000 after purchasing an additional 426,023 shares during the last quarter. Hedge funds and other institutional investors own 59.98% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th were issued a $0.0025 dividend. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.01 annualized dividend and a dividend yield of 0.27%. Hecla Mining’s dividend payout ratio is currently -16.67%.

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Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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

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