Hecla Mining (NYSE:HL) – Investment analysts at B. Riley reduced their Q2 2018 earnings per share (EPS) estimates for shares of Hecla Mining in a report released on Wednesday. B. Riley analyst L. Pipes now forecasts that the basic materials company will post earnings of ($0.02) per share for the quarter, down from their prior forecast of $0.03. B. Riley has a “Buy” rating and a $5.00 price objective on the stock. B. Riley also issued estimates for Hecla Mining’s FY2018 earnings at ($0.02) EPS, FY2019 earnings at $0.08 EPS and FY2020 earnings at $0.07 EPS.
A number of other analysts also recently commented on HL. BMO Capital Markets set a $5.00 target price on Hecla Mining and gave the stock a “hold” rating in a research note on Thursday, February 15th. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Thursday, February 8th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. HC Wainwright set a $9.00 target price on Hecla Mining and gave the stock a “buy” rating in a research note on Thursday, February 8th. Finally, Canaccord Genuity restated a “buy” rating and issued a $5.00 target price on shares of Hecla Mining in a research note on Monday, January 8th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $5.64.
Shares of Hecla Mining (NYSE HL) opened at $3.79 on Friday. Hecla Mining has a one year low of $3.38 and a one year high of $6.26. The company has a quick ratio of 2.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.34. The company has a market capitalization of $1,510.00, a PE ratio of -27.07, a PEG ratio of 93.25 and a beta of 0.26.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The firm had revenue of $160.10 million for the quarter, compared to the consensus estimate of $156.85 million. During the same quarter in the prior year, the business earned $0.03 earnings per share. The company’s revenue was down 2.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 13th. Investors of record on Tuesday, March 6th will be issued a $0.0025 dividend. The ex-dividend date is Monday, March 5th. This represents a $0.01 dividend on an annualized basis and a yield of 0.26%. Hecla Mining’s payout ratio is -7.14%.
In other Hecla Mining news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $3.76 per share, with a total value of $48,880.00. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Theodore Crumley purchased 10,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average cost of $3.49 per share, with a total value of $34,900.00. Following the acquisition, the director now directly owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. raised its holdings in Hecla Mining by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after purchasing an additional 3,143 shares during the period. First Allied Advisory Services Inc. acquired a new position in Hecla Mining in the 4th quarter worth about $108,000. Ameritas Investment Partners Inc. raised its holdings in shares of Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after acquiring an additional 1,643 shares during the last quarter. Stone Ridge Asset Management LLC acquired a new position in shares of Hecla Mining during the fourth quarter valued at approximately $146,000. Finally, Parametrica Management Ltd acquired a new position in shares of Hecla Mining during the third quarter valued at approximately $187,000. 57.99% of the stock is owned by institutional investors.
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Hecla Mining Company Profile
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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