Zacks: Brokerages Expect Hecla Mining Company (HL) Will Post Quarterly Sales of $160.53 Million

Wall Street analysts forecast that Hecla Mining Company (NYSE:HL) will post sales of $160.53 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Hecla Mining’s earnings. The highest sales estimate is $174.00 million and the lowest is $147.06 million. Hecla Mining reported sales of $164.25 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 2.3%. The company is expected to announce its next quarterly earnings results on Thursday, February 22nd.

On average, analysts expect that Hecla Mining will report full-year sales of $160.53 million for the current year, with estimates ranging from $564.72 million to $723.60 million. For the next fiscal year, analysts anticipate that the firm will report sales of $724.79 million per share, with estimates ranging from $593.95 million to $843.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hecla Mining.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 analyst estimates of $151.32 million. During the same quarter in the prior year, the company posted $0.07 EPS. The business’s revenue for the quarter was down 21.5% compared to the same quarter last year.

A number of research analysts have weighed in on the company. Canaccord Genuity reissued a “hold” rating and set a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. HC Wainwright reissued a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research note on Tuesday, August 29th. Zacks Investment Research raised Hecla Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research report on Wednesday, September 20th. Two investment 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’s stock. Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $5.75.

In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Theodore Crumley acquired 10,000 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the completion of the transaction, the director now directly owns 126,536 shares of the company’s stock, valued at $441,610.64. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 3,143 shares during the period. Trexquant Investment LP purchased a new position in Hecla Mining in the second quarter valued at about $124,000. Pacad Investment Ltd. raised its position in Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 2,600 shares during the period. Advisor Group Inc. raised its position in Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 16,561 shares during the period. Finally, Teacher Retirement System of Texas raised its position in Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares during the period. 60.33% of the stock is currently owned by institutional investors.

Shares of Hecla Mining (NYSE HL) traded up $0.21 during trading on Thursday, hitting $3.80. The company’s stock had a trading volume of 5,884,300 shares, compared to its average volume of 5,574,298. Hecla Mining has a one year low of $3.43 and a one year high of $6.78. The stock has a market cap of $1,432.48, a price-to-earnings ratio of 51.29, a PEG ratio of 71.80 and a beta of 0.20. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were given a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.26%. The ex-dividend date of this dividend was Monday, November 20th. Hecla Mining’s dividend payout ratio (DPR) is currently 16.67%.

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

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