Zacks: Analysts Expect Hecla Mining (NYSE:HL) Will Announce Quarterly Sales of $185.63 Million

Equities research analysts expect Hecla Mining (NYSE:HL) to announce sales of $185.63 million for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hecla Mining’s earnings. The lowest sales estimate is $177.15 million and the highest is $194.11 million. Hecla Mining reported sales of $143.65 million in the same quarter last year, which would suggest a positive year over year growth rate of 29.2%. The company is expected to announce its next quarterly earnings report before the market opens on Thursday, November 7th.

On average, analysts expect that Hecla Mining will report full-year sales of $690.56 million for the current fiscal year, with estimates ranging from $653.57 million to $748.00 million. For the next fiscal year, analysts expect that the business will report sales of $796.10 million, with estimates ranging from $733.24 million to $888.47 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that cover Hecla Mining.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million during the quarter, compared to analyst estimates of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS.

HL has been the subject of a number of analyst reports. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $2.25 price target for the company in a report on Wednesday, October 9th. BMO Capital Markets set a $1.00 price target on Hecla Mining and gave the stock a “sell” rating in a report on Friday, July 19th. Canaccord Genuity cut Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price target for the company. in a report on Wednesday, August 7th. B. Riley reduced their price target on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a report on Friday, October 11th. Finally, HC Wainwright upped their price target on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a report on Monday, August 19th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Hold” and an average target price of $1.98.

In other Hecla Mining news, Director Catherine J. Boggs acquired 40,540 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was bought at an average cost of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the transaction, the director now owns 40,540 shares of the company’s stock, valued at approximately $60,810. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.80% of the stock is owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its position in shares of Hecla Mining by 4.7% during the second quarter. BlackRock Inc. now owns 34,285,217 shares of the basic materials company’s stock worth $61,715,000 after buying an additional 1,533,202 shares during the period. State of New Jersey Common Pension Fund D boosted its position in shares of Hecla Mining by 5.0% during the second quarter. State of New Jersey Common Pension Fund D now owns 10,500,000 shares of the basic materials company’s stock worth $18,900,000 after buying an additional 500,000 shares during the period. Commerzbank Aktiengesellschaft FI boosted its position in shares of Hecla Mining by 35.2% during the third quarter. Commerzbank Aktiengesellschaft FI now owns 9,767,935 shares of the basic materials company’s stock worth $17,192,000 after buying an additional 2,541,606 shares during the period. Morgan Stanley boosted its position in shares of Hecla Mining by 22.0% during the second quarter. Morgan Stanley now owns 6,255,702 shares of the basic materials company’s stock worth $11,260,000 after buying an additional 1,129,826 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Hecla Mining by 1.5% during the second quarter. Northern Trust Corp now owns 5,698,988 shares of the basic materials company’s stock worth $10,258,000 after buying an additional 81,896 shares during the period. Institutional investors own 58.18% of the company’s stock.

Shares of HL stock traded up $0.09 on Monday, hitting $2.10. The company had a trading volume of 10,288,931 shares, compared to its average volume of 6,501,423. The firm has a market cap of $985.40 million, a P/E ratio of -19.09 and a beta of 0.89. The company has a 50-day moving average price of $1.92 and a 200-day moving average price of $1.81. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.07.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, 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)

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