Hecla Mining Company (NYSE:HL) – Stock analysts at B. Riley issued their Q1 2018 earnings per share (EPS) estimates for Hecla Mining in a research report issued on Thursday. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings per share of $0.03 for the quarter. B. Riley has a “Buy” rating and a $5.00 price objective on the stock. B. Riley also issued estimates for Hecla Mining’s Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS and Q4 2018 earnings at $0.03 EPS.
A number of other analysts also recently issued reports on the stock. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Friday, September 1st. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price objective on shares of Hecla Mining in a report on Tuesday, August 29th. BMO Capital Markets reaffirmed a “hold” rating and set a $6.00 price objective on shares of Hecla Mining in a report on Wednesday, September 20th. Zacks Investment Research raised shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Finally, Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price objective for the company in a report on Tuesday, November 14th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.06.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $140.80 million during the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The business’s revenue for the quarter was down 21.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.07 EPS.
A number of institutional investors have recently bought and sold shares of the business. Van ECK Associates Corp lifted its stake in Hecla Mining by 1.1% in the third quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock worth $193,428,000 after purchasing an additional 426,023 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Hecla Mining by 0.6% in the third quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after purchasing an additional 198,411 shares during the last quarter. Vanguard Group Inc. lifted its stake in Hecla Mining by 0.9% in the second quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock worth $163,877,000 after purchasing an additional 288,819 shares during the last quarter. BT Investment Management Ltd bought a new stake in Hecla Mining in the second quarter worth $77,979,000. Finally, State of New Jersey Common Pension Fund D raised its stake in shares of Hecla Mining by 2.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 7,150,000 shares of the basic materials company’s stock valued at $35,893,000 after acquiring an additional 175,000 shares during the last quarter. 60.34% of the stock is owned by institutional investors and hedge funds.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.50% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st were paid a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.27%. The ex-dividend date was Monday, November 20th. Hecla Mining’s dividend payout ratio is presently 16.67%.
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About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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