Wall Street analysts forecast that Hecla Mining (NYSE:HL) will announce $155.05 million in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Hecla Mining’s earnings, with the lowest sales estimate coming in at $141.39 million and the highest estimate coming in at $167.78 million. Hecla Mining reported sales of $140.84 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.1%. The company is scheduled to announce its next quarterly earnings results on Tuesday, November 6th.
According to Zacks, analysts expect that Hecla Mining will report full-year sales of $611.55 million for the current financial year, with estimates ranging from $572.91 million to $647.60 million. For the next fiscal year, analysts anticipate that the company will post sales of $783.27 million, with estimates ranging from $719.97 million to $858.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Hecla Mining.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. Hecla Mining had a positive return on equity of 2.91% and a negative net margin of 1.02%. The business had revenue of $147.30 million during the quarter, compared to analyst estimates of $143.33 million. During the same period in the previous year, the firm earned ($0.04) EPS. Hecla Mining’s quarterly revenue was up 9.7% compared to the same quarter last year.
HL has been the subject of several research analyst reports. ValuEngine upgraded Hecla Mining from a “strong sell” rating to a “sell” rating in a research report on Monday, September 17th. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, July 24th. Zacks Investment Research lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 18th. HC Wainwright set a $7.00 price objective on Hecla Mining and gave the company a “buy” rating in a research report on Friday, August 10th. Finally, Roth Capital assumed coverage on Hecla Mining in a research report on Monday, September 10th. They issued a “buy” rating and a $5.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $4.67.
Shares of HL traded down $0.03 on Monday, hitting $2.85. The company’s stock had a trading volume of 4,669,500 shares, compared to its average volume of 4,677,585. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.77 and a current ratio of 3.35. Hecla Mining has a fifty-two week low of $2.59 and a fifty-two week high of $5.42. The firm has a market capitalization of $1.33 billion, a PE ratio of 28.50, a P/E/G ratio of 139.50 and a beta of 0.19.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Xact Kapitalforvaltning AB lifted its stake in Hecla Mining by 34.4% in the 1st quarter. Xact Kapitalforvaltning AB now owns 60,916 shares of the basic materials company’s stock valued at $224,000 after acquiring an additional 15,600 shares in the last quarter. MetLife Investment Advisors LLC lifted its stake in Hecla Mining by 13.2% in the 1st quarter. MetLife Investment Advisors LLC now owns 179,688 shares of the basic materials company’s stock valued at $659,000 after acquiring an additional 20,906 shares in the last quarter. Financial Advocates Investment Management bought a new stake in Hecla Mining in the 1st quarter valued at approximately $103,000. Swiss National Bank lifted its stake in Hecla Mining by 4.5% in the 1st quarter. Swiss National Bank now owns 694,637 shares of the basic materials company’s stock valued at $2,549,000 after acquiring an additional 29,600 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Hecla Mining by 193.3% in the 1st quarter. SG Americas Securities LLC now owns 62,832 shares of the basic materials company’s stock valued at $231,000 after acquiring an additional 41,411 shares in the last quarter. Hedge funds and other institutional investors own 51.95% of the company’s stock.
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.
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