Roth Capital Decreases Earnings Estimates for Hecla Mining

Hecla Mining (NYSE:HL - Free Report) - Stock analysts at Roth Capital dropped their FY2024 earnings per share (EPS) estimates for Hecla Mining in a note issued to investors on Monday, November 11th. Roth Capital analyst J. Reagor now forecasts that the basic materials company will post earnings of $0.06 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Hecla Mining's current full-year earnings is $0.06 per share.

Several other equities research analysts have also recently commented on the company. National Bank Financial cut Hecla Mining from a "strong-buy" rating to a "hold" rating in a research note on Friday, November 8th. Roth Mkm lowered their target price on shares of Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. TD Securities cut their price target on Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. StockNews.com lowered shares of Hecla Mining from a "hold" rating to a "sell" rating in a research report on Thursday, October 17th. Finally, HC Wainwright reiterated a "buy" rating and issued a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. One analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $7.94.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.03 during trading on Wednesday, reaching $5.43. The company had a trading volume of 10,952,348 shares, compared to its average volume of 9,126,820. The company's fifty day moving average price is $6.52 and its 200-day moving average price is $5.85. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share 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 business had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same quarter in the previous year, the company posted ($0.01) EPS. Hecla Mining's quarterly revenue was up 34.7% compared to the same quarter last year.

Hedge Funds Weigh In On Hecla Mining

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company's stock worth $285,811,000 after purchasing an additional 1,506,573 shares in the last quarter. Van ECK Associates Corp boosted its stake in Hecla Mining by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company's stock worth $391,510,000 after purchasing an additional 2,238,559 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Hecla Mining by 0.4% during the second quarter. Dimensional Fund Advisors LP now owns 34,644,620 shares of the basic materials company's stock valued at $168,027,000 after buying an additional 146,689 shares during the last quarter. Tidal Investments LLC purchased a new position in shares of Hecla Mining in the first quarter worth $42,576,000. Finally, Ninety One UK Ltd boosted its position in shares of Hecla Mining by 17.0% during the second quarter. Ninety One UK Ltd now owns 8,219,231 shares of the basic materials company's stock worth $39,863,000 after acquiring an additional 1,196,515 shares during the last quarter. Institutional investors own 63.01% of the company's stock.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now owns 173,700 shares of the company's stock, valued at approximately $1,175,949. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.40% of the stock is currently owned by company insiders.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be paid a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date of this dividend is Thursday, November 21st. Hecla Mining's dividend payout ratio (DPR) is -125.00%.

About Hecla Mining

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.