Hecla Mining (NYSE:HL - Free Report) - Investment analysts at B. Riley upped their FY2024 earnings per share (EPS) estimates for Hecla Mining in a report issued on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the basic materials company will earn $0.12 per share for the year, up from their prior forecast of $0.10. The consensus estimate for Hecla Mining's current full-year earnings is $0.06 per share. B. Riley also issued estimates for Hecla Mining's Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.27 EPS.
Hecla Mining (NYSE:HL - Get Free Report) last issued its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The company's revenue was up 34.7% compared to the same quarter last year.
HL has been the topic of a number of other research reports. StockNews.com downgraded Hecla Mining from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. TD Securities cut their price target on shares of Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a report on Friday, November 8th. Finally, National Bank Financial downgraded shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Hecla Mining presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.94.
Read Our Latest Analysis on HL
Hecla Mining Stock Performance
HL traded down $0.06 on Thursday, reaching $4.95. The stock had a trading volume of 10,605,352 shares, compared to its average volume of 9,382,612. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. The company has a market cap of $3.11 billion, a P/E ratio of -123.75 and a beta of 1.92. The business's 50-day moving average price is $6.01 and its two-hundred day moving average price is $5.85.
Hecla Mining Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were paid a $0.0138 dividend. This represents a $0.06 annualized dividend and a yield of 1.11%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining's dividend payout ratio is currently -125.00%.
Institutional Investors Weigh In On Hecla Mining
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avalon Capital Management purchased a new position in Hecla Mining in the 2nd quarter worth approximately $330,000. Clear Creek Financial Management LLC lifted its position in Hecla Mining by 38.6% during the second quarter. Clear Creek Financial Management LLC now owns 93,269 shares of the basic materials company's stock worth $452,000 after buying an additional 25,978 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Hecla Mining by 4.5% during the second quarter. Bank of New York Mellon Corp now owns 3,044,179 shares of the basic materials company's stock worth $14,764,000 after buying an additional 131,609 shares during the last quarter. K.J. Harrison & Partners Inc grew its holdings in Hecla Mining by 688.7% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 236,616 shares of the basic materials company's stock valued at $1,148,000 after buying an additional 206,616 shares in the last quarter. Finally, Innealta Capital LLC purchased a new stake in Hecla Mining in the 2nd quarter valued at $41,000. Institutional investors and hedge funds own 63.01% of the company's stock.
Hecla Mining Company Profile
(
Get Free Report)
Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.
See Also
Before you consider Hecla Mining, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hecla Mining wasn't on the list.
While Hecla Mining currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
