Hecla Mining (HL) to Release Quarterly Earnings on Wednesday

Hecla Mining (NYSE:HL) is scheduled to be announcing its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. During the same quarter in the previous year, the business posted $0.03 EPS. On average, analysts expect Hecla Mining to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Hecla Mining Price Performance

Shares of HL opened at $7.07 on Wednesday. The company has a 50 day moving average of $6.49 and a two-hundred day moving average of $5.78. The company has a market cap of $4.45 billion, a price-to-earnings ratio of -88.31 and a beta of 2.01. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68.

Hecla Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Stockholders of record on Monday, August 26th were given a $0.0138 dividend. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.06 dividend on an annualized basis and a dividend yield of 0.78%. Hecla Mining’s dividend payout ratio (DPR) is presently -62.50%.

Analyst Upgrades and Downgrades

A number of research firms have commented on HL. StockNews.com cut Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. HC Wainwright reaffirmed a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, August 8th. Finally, Roth Mkm lowered their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, two have issued 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.56.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the sale, the vice president now owns 173,700 shares in the company, valued at $1,175,949. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.40% of the company’s stock.

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.