FY2024 Earnings Forecast for Hecla Mining Issued By B. Riley

Hecla Mining (NYSE:HL) – Equities research analysts at B. Riley upped their FY2024 earnings per share estimates for Hecla Mining in a report issued on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings of $0.12 per share for the year, up from their prior estimate of $0.10. The consensus estimate for Hecla Mining’s current full-year earnings is $0.06 per share. B. Riley also issued estimates for Hecla Mining’s Q4 2024 earnings at $0.06 EPS, FY2025 earnings at $0.31 EPS and FY2026 earnings at $0.27 EPS.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01. The firm had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. Hecla Mining’s revenue for the quarter was up 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.01) EPS.

A number of other equities analysts have also issued reports on HL. TD Securities lowered their price target on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. 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 given a strong buy rating to the company’s stock. According to MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and an average price target of $7.94.

Hecla Mining Trading Up 1.8 %

NYSE HL opened at $5.04 on Thursday. The firm’s fifty day moving average is $6.01 and its two-hundred day moving average is $5.85. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The firm has a market cap of $3.17 billion, a PE ratio of -126.00 and a beta of 1.92.

Institutional Trading of Hecla Mining

Institutional investors have recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Hecla Mining by 7.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after buying an additional 456,107 shares in the last quarter. FMR LLC lifted its position in shares of Hecla Mining by 51.3% during the 3rd quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after acquiring an additional 1,842,991 shares during the period. Intech Investment Management LLC purchased a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $1,210,000. First Eagle Investment Management LLC grew its holdings in shares of Hecla Mining by 26.5% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock worth $7,880,000 after acquiring an additional 340,000 shares during the period. Finally, Marshall Wace LLP purchased a new position in Hecla Mining in the 2nd quarter valued at approximately $6,280,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were issued a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s dividend payout ratio is presently -125.00%.

Hecla Mining Company Profile

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.