Hecla Mining to Post Q2 2024 Earnings of $0.02 Per Share, National Bank Financial Forecasts (NYSE:HL)

Hecla Mining (NYSE:HL) – Equities researchers at National Bank Financial issued their Q2 2024 earnings estimates for Hecla Mining in a research report issued to clients and investors on Tuesday, July 16th. National Bank Financial analyst M. Parkin forecasts that the basic materials company will earn $0.02 per share for the quarter. National Bank Financial currently has a “Outperform Market Weight” rating on the stock. The consensus estimate for Hecla Mining’s current full-year earnings is $0.04 per share. National Bank Financial also issued estimates for Hecla Mining’s FY2024 earnings at $0.10 EPS.

Several other equities analysts also recently weighed in on HL. Cantor Fitzgerald upgraded shares of Hecla Mining to a “strong-buy” rating in a research note on Thursday, May 9th. CIBC boosted their price objective on shares of Hecla Mining from $6.75 to $7.50 and gave the company a “neutral” rating in a research note on Wednesday, May 22nd. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. Roth Mkm lifted their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. Finally, Cibc World Mkts upgraded shares of Hecla Mining to a “hold” rating in a research report on Wednesday, May 22nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.89.

Hecla Mining Price Performance

Hecla Mining stock opened at $6.16 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. The firm’s fifty day moving average price is $5.48 and its two-hundred day moving average price is $4.75. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.35.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $189.53 million during the quarter, compared to analysts’ expectations of $190.31 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently bought and sold shares of HL. Vanguard Group Inc. lifted its stake in Hecla Mining by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock valued at $225,090,000 after acquiring an additional 487,299 shares during the period. Cornerstone Wealth Management LLC bought a new position in shares of Hecla Mining in the 4th quarter worth approximately $72,000. Dynamic Advisor Solutions LLC lifted its stake in shares of Hecla Mining by 5.3% in the 4th quarter. Dynamic Advisor Solutions LLC now owns 94,900 shares of the basic materials company’s stock worth $456,000 after purchasing an additional 4,804 shares during the period. SG Americas Securities LLC bought a new position in shares of Hecla Mining in the 4th quarter worth approximately $76,000. Finally, Kingswood Wealth Advisors LLC lifted its stake in shares of Hecla Mining by 179.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 335,000 shares of the basic materials company’s stock worth $1,611,000 after purchasing an additional 215,000 shares during the period. Institutional investors own 63.01% of the company’s stock.

Insider Transactions at Hecla Mining

In other news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the sale, the chief accounting officer now directly owns 351,972 shares of the company’s stock, valued at approximately $1,728,182.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the transaction, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Robert Denis Brown sold 24,792 shares of the company’s stock in a transaction dated Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total transaction of $121,728.72. Following the completion of the transaction, the vice president now owns 607,649 shares in the company, valued at approximately $2,983,556.59. The disclosure for this sale can be found here. Insiders have sold 67,105 shares of company stock valued at $329,486 in the last three months. 1.40% of the stock is currently owned by company insiders.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th were given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.39%. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s payout ratio is currently -20.00%.

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.