Hecla Mining (HL) Scheduled to Post Earnings on Monday

Hecla Mining (NYSE:HL) will announce its earnings results after the market closes on Monday, November 6th. Analysts expect the company to announce earnings of ($0.01) per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.03 EPS for the quarter. Hecla Mining had a positive return on equity of 1.23% and a negative net margin of 6.52%. The company had revenue of $178.13 million for the quarter, compared to analysts’ expectations of $183.71 million. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hecla Mining Price Performance

HL stock opened at $4.34 on Friday. The stock has a 50-day simple moving average of $4.08 and a 200-day simple moving average of $4.94. The firm has a market cap of $2.68 billion, a P/E ratio of -48.17 and a beta of 2.08. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 1.71. Hecla Mining has a 1 year low of $3.55 and a 1 year high of $7.00.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, September 7th. Investors of record on Thursday, August 24th were issued a dividend of $0.0063 per share. This represents a $0.03 dividend on an annualized basis and a yield of 0.58%. The ex-dividend date of this dividend was Wednesday, August 23rd. Hecla Mining’s payout ratio is -33.33%.

Insider Activity

In related news, Director George R. Johnson bought 8,500 shares of the stock in a transaction on Tuesday, August 22nd. The shares were purchased at an average price of $4.07 per share, with a total value of $34,595.00. Following the purchase, the director now owns 25,773 shares in the company, valued at $104,896.11. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently bought and sold shares of HL. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 2.4% during the 3rd quarter. Vanguard Group Inc. now owns 52,765,176 shares of the basic materials company’s stock worth $207,896,000 after acquiring an additional 1,225,682 shares in the last quarter. BlackRock Inc. boosted its position in shares of Hecla Mining by 4.7% in the 2nd quarter. BlackRock Inc. now owns 44,923,690 shares of the basic materials company’s stock valued at $231,357,000 after purchasing an additional 2,036,173 shares during the period. State Street Corp increased its stake in Hecla Mining by 23.3% in the 1st quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock worth $209,748,000 after purchasing an additional 6,033,244 shares in the last quarter. Geode Capital Management LLC raised its holdings in Hecla Mining by 4.4% during the 1st quarter. Geode Capital Management LLC now owns 10,646,798 shares of the basic materials company’s stock worth $67,394,000 after buying an additional 446,624 shares during the period. Finally, Goldman Sachs Group Inc. lifted its stake in Hecla Mining by 325.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,801,009 shares of the basic materials company’s stock valued at $44,682,000 after buying an additional 5,202,053 shares in the last quarter. 59.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HL has been the topic of a number of recent analyst reports. StockNews.com initiated coverage on Hecla Mining in a research report on Thursday, October 5th. They issued a “sell” rating on the stock. HC Wainwright decreased their price objective on shares of Hecla Mining from $9.25 to $9.00 and set a “buy” rating for the company in a report on Tuesday, September 19th. National Bankshares cut their target price on shares of Hecla Mining from $7.25 to $7.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 19th. BMO Capital Markets assumed coverage on shares of Hecla Mining in a research report on Thursday, September 14th. They set an “outperform” rating and a $5.50 price target on the stock. Finally, TheStreet lowered Hecla Mining from a “c-” rating to a “d+” rating in a report on Tuesday, September 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat, Hecla Mining has a consensus rating of “Moderate Buy” and an average target price of $6.52.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides 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.