B. Riley Issues Positive Forecast for Hecla Mining Earnings

Hecla Mining (NYSE:HL) – Equities researchers at B. Riley increased their FY2024 earnings per share estimates for shares of Hecla Mining in a report released on Tuesday, December 17th. B. Riley analyst L. Pipes now expects that the basic materials company will earn $0.12 per share for the year, up from their previous forecast 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.

Several other research firms have also recently issued reports on HL. TD Securities lowered their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Price Performance

Shares of HL stock traded down $0.02 on Thursday, reaching $4.99. 887,931 shares of the company were exchanged, compared to its average volume of 9,340,045. Hecla Mining has a 1 year low of $3.33 and a 1 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 business has a 50-day moving average price of $6.05 and a 200 day moving average price of $5.86. The company has a market cap of $3.13 billion, a price-to-earnings ratio of -124.75 and a beta of 1.92.

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

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were given a $0.0138 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Institutional Trading of Hecla Mining

Hedge funds and other institutional investors have recently modified their holdings of the stock. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining in the third quarter valued at approximately $28,000. Innealta Capital LLC purchased a new stake in Hecla Mining in the second quarter valued at $41,000. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $49,000. Ballentine Partners LLC purchased a new position in shares of Hecla Mining during the 2nd quarter worth $54,000. Finally, SPC Financial Inc. acquired a new stake in shares of Hecla Mining during the 2nd quarter worth about $67,000. 63.01% of the stock is owned by institutional investors and hedge funds.

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.