FY2024 Earnings Estimate for Hecla Mining Issued By B. Riley

Hecla Mining (NYSE:HL) – Analysts at B. Riley boosted their FY2024 earnings estimates for shares of Hecla Mining in a research report issued on Tuesday, December 17th. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings per share of $0.12 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.

HL has been the subject of a number of other research reports. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. Finally, TD Securities decreased 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $7.94.

Hecla Mining Trading Down 1.2 %

Shares of Hecla Mining stock opened at $4.95 on Thursday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The firm has a market capitalization of $3.11 billion, a PE ratio of -123.75 and a beta of 1.92. The firm’s 50-day moving average price is $6.01 and its 200 day moving average price is $5.85.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.01. The business had revenue of $245.09 million for 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%. The company’s revenue was up 34.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.01) earnings per share.

Hedge Funds Weigh In On Hecla Mining

Institutional investors have recently bought and sold shares of the company. Franklin Resources Inc. increased its stake in Hecla Mining by 2,757.4% during the third quarter. Franklin Resources Inc. now owns 460,610 shares of the basic materials company’s stock worth $3,017,000 after acquiring an additional 444,490 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Hecla Mining during the 3rd quarter worth $245,000. Virtu Financial LLC acquired a new stake in shares of Hecla Mining during the 3rd quarter worth about $371,000. Geode Capital Management LLC raised its holdings in Hecla Mining by 5.4% in the 3rd quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after buying an additional 711,676 shares during the period. Finally, Barclays PLC lifted its position in Hecla Mining by 317.4% in the third quarter. Barclays PLC now owns 909,811 shares of the basic materials company’s stock valued at $6,069,000 after buying an additional 691,862 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.11%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is currently -125.00%.

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.