Brokerages Anticipate Hecla Mining (HL) Will Post Quarterly Sales of $139.82 Million

Wall Street analysts expect that Hecla Mining (NYSE:HL) will announce $139.82 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Hecla Mining’s earnings, with the highest sales estimate coming in at $143.86 million and the lowest estimate coming in at $135.78 million. Hecla Mining posted sales of $142.54 million in the same quarter last year, which suggests a negative year over year growth rate of 1.9%. The firm is expected to issue its next earnings report on Monday, May 14th.

According to Zacks, analysts expect that Hecla Mining will report full-year sales of $638.35 million for the current fiscal year, with estimates ranging from $629.10 million to $647.60 million. For the next fiscal year, analysts expect that the business will post sales of $751.57 million per share, with estimates ranging from $741.63 million to $761.50 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for Hecla Mining.

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Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $160.10 million for the quarter, compared to the consensus estimate of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. Hecla Mining’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 earnings per share.

A number of equities research analysts have commented on HL shares. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 price target on the stock in a report on Wednesday, January 3rd. HC Wainwright set a $9.00 price target on Hecla Mining and gave the company a “buy” rating in a report on Thursday, February 8th. ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Royal Bank of Canada set a $5.00 price target on Hecla Mining and gave the company a “hold” rating in a report on Tuesday, March 20th. Finally, BMO Capital Markets set a $5.00 price target on Hecla Mining and gave the company a “hold” rating in a report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $5.14.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its holdings in shares of Hecla Mining by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,087,772 shares of the basic materials company’s stock worth $5,428,000 after purchasing an additional 13,894 shares during the last quarter. California Public Employees Retirement System increased its holdings in shares of Hecla Mining by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 650,228 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 17,800 shares during the last quarter. New York State Common Retirement Fund increased its holdings in shares of Hecla Mining by 4.5% in the third quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock worth $2,112,000 after purchasing an additional 18,200 shares during the last quarter. American International Group Inc. increased its holdings in shares of Hecla Mining by 8.1% in the third quarter. American International Group Inc. now owns 264,342 shares of the basic materials company’s stock worth $1,327,000 after purchasing an additional 19,764 shares during the last quarter. Finally, LPL Financial LLC increased its holdings in shares of Hecla Mining by 23.7% in the fourth quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock worth $484,000 after purchasing an additional 23,306 shares during the last quarter. 59.98% of the stock is currently owned by hedge funds and other institutional investors.

NYSE HL traded up $0.05 on Thursday, hitting $3.76. 3,160,093 shares of the company traded hands, compared to its average volume of 5,432,386. The company has a market capitalization of $1,481.76, a PE ratio of 37.60, a price-to-earnings-growth ratio of 159.00 and a beta of 0.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86. Hecla Mining has a 52-week low of $3.25 and a 52-week high of $6.16.

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Hecla Mining Company Profile

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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Earnings History and Estimates for Hecla Mining (NYSE:HL)