Research Analysts Set Expectations for Hecla Mining’s Q1 2018 Earnings (HL)

Hecla Mining (NYSE:HL) – Research analysts at B. Riley issued their Q1 2018 earnings per share estimates for shares of Hecla Mining in a report released on Thursday, April 12th. B. Riley analyst L. Pipes anticipates that the basic materials company will post earnings per share of $0.01 for the quarter.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The company had revenue of $160.10 million for the quarter, compared to the consensus estimate of $156.85 million. During the same quarter in the previous year, the company earned $0.03 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Several other equities research analysts also recently commented on the stock. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 target price on the stock in a research note on Wednesday, January 3rd. HC Wainwright set a $9.00 target price on shares of Hecla Mining and gave the company a “buy” rating in a research note on Thursday, February 8th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Royal Bank of Canada set a $5.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets set a $5.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, February 15th. Three investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $5.14.

Shares of NYSE:HL opened at $3.65 on Monday. Hecla Mining has a 52 week low of $3.25 and a 52 week high of $6.16. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86. The firm has a market capitalization of $1,501.73, a PE ratio of 36.50, a PEG ratio of 112.80 and a beta of 0.38.

Hedge funds and other institutional investors have recently modified their holdings of the stock. First Allied Advisory Services Inc. bought a new stake in Hecla Mining during the 4th quarter worth about $108,000. Stone Ridge Asset Management LLC bought a new stake in Hecla Mining during the 4th quarter worth about $146,000. Xact Kapitalforvaltning AB bought a new stake in Hecla Mining during the 4th quarter worth about $180,000. Two Sigma Investments LP bought a new stake in Hecla Mining during the 4th quarter worth about $192,000. Finally, Two Sigma Advisers LP bought a new stake in Hecla Mining during the 4th quarter worth about $192,000. Institutional investors and hedge funds own 59.93% of the company’s stock.

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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.

Earnings History and Estimates for Hecla Mining (NYSE:HL)

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