National Bank Financial Weighs in on Hecla Mining Q3 Earnings

Hecla Mining (NYSE:HL - Free Report) - Equities researchers at National Bank Financial issued their Q3 2024 earnings per share estimates for Hecla Mining in a research note issued to investors on Tuesday, October 22nd. National Bank Financial analyst M. Parkin anticipates that the basic materials company will post earnings per share of $0.00 for the quarter. The consensus estimate for Hecla Mining's current full-year earnings is $0.07 per share. National Bank Financial also issued estimates for Hecla Mining's FY2025 earnings at $0.17 EPS.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $245.66 million for the quarter, compared to analysts' expectations of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same quarter last year, the firm earned $0.03 EPS.

A number of other analysts have also recently weighed in on the stock. StockNews.com cut shares of Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. HC Wainwright reaffirmed a "buy" rating and issued a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. Finally, Roth Mkm reduced their price target on Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $7.56.

Hecla Mining Stock Down 2.4 %

HL traded down $0.17 on Thursday, hitting $6.99. The company had a trading volume of 17,895,363 shares, compared to its average volume of 8,876,114. The stock has a market capitalization of $4.38 billion, a price-to-earnings ratio of -46.60 and a beta of 2.01. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The stock has a fifty day moving average price of $6.43 and a 200-day moving average price of $5.75. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.68.

Hecla Mining Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were issued a $0.0138 dividend. The ex-dividend date was Monday, August 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.79%. This is a boost from Hecla Mining's previous quarterly dividend of $0.00. Hecla Mining's dividend payout ratio (DPR) is currently -33.33%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company's stock, valued at approximately $1,175,949. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Hecla Mining

Institutional investors have recently bought and sold shares of the business. Continuum Advisory LLC increased its stake in shares of Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC acquired a new stake in Hecla Mining during the 2nd quarter worth about $41,000. Sound Income Strategies LLC purchased a new position in shares of Hecla Mining during the 3rd quarter valued at about $49,000. Ballentine Partners LLC acquired a new position in shares of Hecla Mining in the 2nd quarter valued at about $54,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Hecla Mining in the 2nd quarter valued at about $55,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

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.