Brokerages expect Hecla Mining (NYSE:HL) to post earnings per share (EPS) of ($0.05) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Hecla Mining’s earnings. The lowest EPS estimate is ($0.07) and the highest is ($0.02). Hecla Mining reported earnings per share of $0.04 during the same quarter last year, which indicates a negative year over year growth rate of 225%. The firm is scheduled to announce its next earnings results before the market opens on Thursday, February 21st.
On average, analysts expect that Hecla Mining will report full-year earnings of ($0.06) per share for the current fiscal year, with EPS estimates ranging from ($0.12) to ($0.02). For the next fiscal year, analysts anticipate that the firm will post earnings of $0.00 per share, with EPS estimates ranging from ($0.07) to $0.08. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Hecla Mining.
Get Hecla Mining alerts:A number of research firms have weighed in on HL. HC Wainwright reissued a “buy” rating and set a $7.00 price objective on shares of Hecla Mining in a report on Friday. ValuEngine raised Hecla Mining from a “hold” rating to a “buy” rating in a report on Tuesday, January 29th. Royal Bank of Canada lowered Hecla Mining from a “sector perform” rating to an “underperform” rating and cut their price objective for the stock from $46.00 to $2.45 in a report on Thursday, January 17th. Canaccord Genuity lowered Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, Zacks Investment Research raised Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Hold” and a consensus target price of $4.40.
HL stock traded up $0.11 during mid-day trading on Monday, reaching $2.69. 4,317,984 shares of the company traded hands, compared to its average volume of 4,575,113. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.29 billion, a PE ratio of 26.90, a PEG ratio of 637.50 and a beta of 0.50. Hecla Mining has a 52-week low of $2.17 and a 52-week high of $4.15.
Large investors have recently added to or reduced their stakes in the stock. Brookstone Capital Management bought a new stake in Hecla Mining in the 4th quarter worth approximately $27,000. Strategic Family Wealth Counselors L.L.C. bought a new stake in Hecla Mining in the 4th quarter worth approximately $34,000. Timber Hill LLC bought a new stake in Hecla Mining in the 4th quarter worth approximately $35,000. Sigma Planning Corp lifted its position in Hecla Mining by 22.7% in the 4th quarter. Sigma Planning Corp now owns 20,022 shares of the basic materials company’s stock worth $47,000 after buying an additional 3,705 shares during the last quarter. Finally, Clean Yield Group lifted its position in Hecla Mining by 59.9% in the 4th quarter. Clean Yield Group now owns 26,700 shares of the basic materials company’s stock worth $63,000 after buying an additional 10,000 shares during the last quarter. Institutional investors own 59.10% of the company’s stock.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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