Hecla Mining (HL) Scheduled to Post Earnings on Tuesday

Hecla Mining (NYSE:HL) is set to release its earnings data after the market closes on Tuesday, August 6th. Analysts expect Hecla Mining to post earnings of $0.01 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $189.53 million during the quarter, compared to analysts’ expectations of $190.31 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hecla Mining Stock Performance

Shares of HL traded down $0.03 during trading hours on Tuesday, reaching $5.57. 1,973,758 shares of the company traded hands, compared to its average volume of 8,118,649. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. The business has a fifty day moving average price of $5.51 and a 200-day moving average price of $4.84. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $6.35.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were paid a dividend of $0.006 per share. The ex-dividend date was Thursday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.43%. Hecla Mining’s payout ratio is presently -20.00%.

Analyst Ratings Changes

A number of brokerages recently commented on HL. Cibc World Mkts upgraded Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. CIBC increased their price objective on shares of Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. Cantor Fitzgerald upgraded shares of Hecla Mining to a “strong-buy” rating in a research report on Thursday, May 9th. StockNews.com raised Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. Finally, Roth Mkm lifted their price objective on Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $6.89.

Insider Activity

In related news, CFO Russell Douglas Lawlar sold 11,679 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $4.91, for a total value of $57,343.89. Following the completion of the transaction, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CFO Russell Douglas Lawlar sold 11,679 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $4.91, for a total transaction of $57,343.89. Following the transaction, the chief financial officer now directly owns 393,894 shares in the company, valued at $1,934,019.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Robert Denis Brown sold 24,792 shares of the stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the sale, the vice president now owns 607,649 shares of the company’s stock, valued at approximately $2,983,556.59. The disclosure for this sale can be found here. Insiders have sold a total of 67,105 shares of company stock worth $329,486 over the last quarter. 1.40% of the stock is currently owned by corporate insiders.

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.