$195.38 Million in Sales Expected for Hecla Mining (NYSE:HL) This Quarter

Equities analysts predict that Hecla Mining (NYSE:HLGet Rating) will report sales of $195.38 million for the current quarter, according to Zacks. Two analysts have provided estimates for Hecla Mining’s earnings. The highest sales estimate is $198.90 million and the lowest is $191.86 million. Hecla Mining reported sales of $217.98 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.4%. The firm is scheduled to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Hecla Mining will report full year sales of $809.71 million for the current year, with estimates ranging from $761.33 million to $860.50 million. For the next financial year, analysts expect that the business will report sales of $1.08 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Hecla Mining.

Hecla Mining (NYSE:HLGet Rating) last issued its quarterly earnings data on Tuesday, May 10th. The basic materials company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $186.50 million for the quarter, compared to the consensus estimate of $186.09 million. Hecla Mining had a return on equity of 2.76% and a net margin of 2.02%. Hecla Mining’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 earnings per share.

Several research analysts have commented on HL shares. Zacks Investment Research cut shares of Hecla Mining from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 17th. B. Riley dropped their price target on shares of Hecla Mining from $11.00 to $9.00 in a research note on Wednesday, May 11th. Roth Capital raised shares of Hecla Mining from a “neutral” rating to a “buy” rating and dropped their price target for the company from $6.50 to $6.25 in a research report on Wednesday, May 11th. HC Wainwright boosted their price objective on Hecla Mining from $7.75 to $8.25 and gave the stock a “buy” rating in a research report on Wednesday, April 13th. Finally, StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Wednesday, May 18th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining has an average rating of “Buy” and a consensus target price of $7.56.

A number of large investors have recently modified their holdings of HL. Ibex Wealth Advisors acquired a new position in Hecla Mining during the third quarter worth $29,000. St. Johns Investment Management Company LLC acquired a new stake in Hecla Mining during the 4th quarter valued at $34,000. Rational Advisors LLC boosted its holdings in shares of Hecla Mining by 63.6% during the 1st quarter. Rational Advisors LLC now owns 6,651 shares of the basic materials company’s stock worth $44,000 after buying an additional 2,586 shares during the period. Crestmont Private Wealth LLC bought a new stake in shares of Hecla Mining during the fourth quarter worth approximately $48,000. Finally, Ameritas Advisory Services LLC acquired a new position in Hecla Mining in the 4th quarter valued at $52,000. 59.78% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE HL opened at $4.72 on Tuesday. The firm’s 50-day simple moving average is $5.99 and its 200 day simple moving average is $5.69. The stock has a market cap of $2.54 billion, a P/E ratio of -29.50 and a beta of 2.07. Hecla Mining has a fifty-two week low of $4.07 and a fifty-two week high of $9.44. The company has a quick ratio of 1.44, a current ratio of 1.83 and a debt-to-equity ratio of 0.31.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 25th will be issued a $0.006 dividend. The ex-dividend date is Tuesday, May 24th. This represents a $0.02 annualized dividend and a yield of 0.51%. Hecla Mining’s dividend payout ratio is currently -18.75%.

About Hecla Mining (Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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

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