Analysts Set Expectations for Hecla Mining’s FY2022 Earnings (NYSE:HL)

Hecla Mining (NYSE:HLGet Rating) – Equities research analysts at HC Wainwright cut their FY2022 earnings estimates for shares of Hecla Mining in a research report issued to clients and investors on Thursday, November 10th. HC Wainwright analyst H. Ihle now anticipates that the basic materials company will post earnings per share of ($0.05) for the year, down from their prior forecast of $0.01. The consensus estimate for Hecla Mining’s current full-year earnings is ($0.03) per share.

A number of other research analysts have also weighed in on HL. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and raised their target price for the company from $4.75 to $5.00 in a report on Wednesday, October 19th. StockNews.com initiated coverage on shares of Hecla Mining in a report on Wednesday, October 12th. They issued a “sell” rating for the company. BMO Capital Markets cut their target price on shares of Hecla Mining from $5.25 to $4.75 and set a “market perform” rating for the company in a report on Friday, September 9th. Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and raised their price target for the stock from $4.75 to $5.00 in a research report on Wednesday, October 19th. Finally, B. Riley lowered their price target on Hecla Mining from $9.00 to $6.00 and set a “buy” rating for the company in a research report on Tuesday, October 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $5.88.

Hecla Mining Trading Down 1.0 %

Shares of HL opened at $4.94 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 1.56. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.66. The company has a 50 day simple moving average of $4.30 and a two-hundred day simple moving average of $4.37. The firm has a market cap of $2.99 billion, a P/E ratio of -123.47 and a beta of 1.95.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sigma Planning Corp grew its stake in Hecla Mining by 262.2% in the third quarter. Sigma Planning Corp now owns 66,764 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 48,333 shares during the last quarter. Credit Suisse AG grew its stake in shares of Hecla Mining by 2.3% during the third quarter. Credit Suisse AG now owns 595,748 shares of the basic materials company’s stock worth $2,347,000 after acquiring an additional 13,472 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hecla Mining by 419.7% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 259,984 shares of the basic materials company’s stock worth $1,024,000 after acquiring an additional 209,957 shares during the last quarter. Strategic Wealth Advisors Group LLC grew its stake in shares of Hecla Mining by 16.3% during the third quarter. Strategic Wealth Advisors Group LLC now owns 64,541 shares of the basic materials company’s stock worth $254,000 after acquiring an additional 9,043 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Hecla Mining by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 32,277,630 shares of the basic materials company’s stock worth $127,172,000 after acquiring an additional 1,975,212 shares during the last quarter. Hedge funds and other institutional investors own 60.33% of the company’s stock.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 7th. Shareholders of record on Friday, November 25th will be paid a $0.004 dividend. The ex-dividend date is Wednesday, November 23rd. This represents a $0.02 annualized dividend and a yield of 0.32%. Hecla Mining’s dividend payout ratio (DPR) is presently -74.98%.

About Hecla Mining

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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.

Further Reading

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

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