Hecla Mining (NYSE:HL) – B. Riley lowered their Q1 2019 earnings per share estimates for Hecla Mining in a research report issued on Thursday, September 20th, Zacks Investment Research reports. B. Riley analyst L. Pipes now expects that the basic materials company will post earnings per share of $0.01 for the quarter, down from their prior estimate of $0.02. B. Riley has a “Buy” rating and a $3.75 price objective on the stock. B. Riley also issued estimates for Hecla Mining’s Q2 2019 earnings at $0.00 EPS, Q3 2019 earnings at $0.03 EPS, Q4 2019 earnings at $0.03 EPS and FY2020 earnings at $0.13 EPS.
A number of other research analysts have also issued reports on the stock. ValuEngine upgraded shares of Hecla Mining from a “strong sell” rating to a “sell” rating in a research note on Monday, September 17th. JPMorgan Chase & Co. restated an “overweight” rating and set a $6.00 price target on shares of Hecla Mining in a research note on Tuesday, July 24th. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 18th. HC Wainwright set a $7.00 price target on shares of Hecla Mining and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Roth Capital initiated coverage on shares of Hecla Mining in a research note on Monday, September 10th. They set a “buy” rating and a $5.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $4.67.
Hecla Mining stock traded down $0.06 during mid-day trading on Friday, reaching $2.90. 5,796,325 shares of the company traded hands, compared to its average volume of 4,701,065. The company has a current ratio of 3.35, a quick ratio of 2.77 and a debt-to-equity ratio of 0.36. Hecla Mining has a fifty-two week low of $2.59 and a fifty-two week high of $5.32. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.00, a PEG ratio of 139.50 and a beta of 0.19.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, August 9th. The basic materials company reported $0.01 EPS for the quarter. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The company had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $143.33 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. Hecla Mining’s revenue for the quarter was up 9.7% compared to the same quarter last year.
Large investors have recently added to or reduced their stakes in the company. Financial Advocates Investment Management acquired a new stake in shares of Hecla Mining in the first quarter worth $103,000. Tower Research Capital LLC TRC increased its stake in shares of Hecla Mining by 13,731.8% in the second quarter. Tower Research Capital LLC TRC now owns 48,273 shares of the basic materials company’s stock worth $168,000 after acquiring an additional 47,924 shares during the period. GAM Holding AG acquired a new stake in shares of Hecla Mining in the second quarter worth $186,000. Clinton Group Inc. acquired a new stake in shares of Hecla Mining in the first quarter worth $216,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Hecla Mining in the second quarter worth $208,000. Hedge funds and other institutional investors own 51.95% of the company’s stock.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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