Hecla Mining (NYSE:HL – Get Rating) – Investment analysts at B. Riley cut their Q3 2022 EPS estimates for shares of Hecla Mining in a report issued on Tuesday, October 4th. B. Riley analyst L. Pipes now anticipates that the basic materials company will post earnings of ($0.03) per share for the quarter, down from their previous estimate of ($0.01). B. Riley also issued estimates for Hecla Mining’s Q4 2022 earnings at ($0.02) EPS.
HL has been the topic of several other reports. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, July 22nd. BMO Capital Markets cut their price target on shares of Hecla Mining from $5.25 to $4.75 and set a “market perform” rating on the stock in a research report on Friday, September 9th. Finally, Canaccord Genuity Group lowered their price objective on shares of Hecla Mining from $5.00 to $3.50 in a research note on Wednesday, July 6th.
Hecla Mining Price Performance
Shares of NYSE:HL opened at $4.40 on Thursday. The company’s 50-day moving average price is $4.16 and its two-hundred day moving average price is $4.76. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.04 and a quick ratio of 1.56. Hecla Mining has a one year low of $3.41 and a one year high of $7.66.
Hecla Mining (NYSE:HL – Get Rating) last issued its quarterly earnings results on Thursday, August 4th. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 0.20% and a return on equity of 2.01%. The firm had revenue of $191.20 million for the quarter, compared to analysts’ expectations of $195.50 million. During the same period in the previous year, the firm posted $0.06 EPS. The company’s revenue for the quarter was down 12.3% on a year-over-year basis.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HL. Ellevest Inc. bought a new stake in Hecla Mining in the 2nd quarter valued at $25,000. Captrust Financial Advisors boosted its stake in Hecla Mining by 104.3% in the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 4,932 shares during the period. Verition Fund Management LLC bought a new stake in Hecla Mining in the 2nd quarter valued at $40,000. Corient Capital Partners LLC bought a new stake in Hecla Mining in the 2nd quarter valued at $42,000. Finally, Rational Advisors LLC boosted its stake in Hecla Mining by 63.6% in the 1st quarter. Rational Advisors LLC now owns 6,651 shares of the basic materials company’s stock valued at $44,000 after purchasing an additional 2,586 shares during the period. 60.33% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 2nd. Stockholders of record on Friday, August 19th were paid a dividend of $0.0063 per share. The ex-dividend date was Thursday, August 18th. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.01. This represents a $0.03 annualized dividend and a dividend yield of 0.57%. Hecla Mining’s payout ratio is currently -15.00%.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.
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