2 weeks Ago By ABMN Staff
Hecla Mining ( NYSE:HL – Free Report ) – Equities researchers at Roth Capital reduced their FY2024 earnings per share estimates for shares of Hecla Mining in a research note issued on Monday, November 11th. Roth Capital analyst J. Reagor now expects that the basic materials company will earn $0.
06 per share for the year, down from their prior forecast of $0.08. The consensus estimate for Hecla Mining’s current full-year earnings is $0.
06 per share. Hecla Mining ( NYSE:HL – Get Free Report ) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.
03 EPS for the quarter, beating the consensus estimate of $0.02 by $0.01.
Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%.
The business had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million.
During the same period in the prior year, the company posted ($0.01) earnings per share. Hecla Mining’s revenue was up 34.
7% compared to the same quarter last year. Get Our Latest Research Report on Hecla Mining Hecla Mining Price Performance Shares of NYSE:HL opened at $5.61 on Wednesday.
Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.
The stock has a market capitalization of $3.52 billion, a PE ratio of -140.25 and a beta of 2.
00. The company has a current ratio of 1.09, a quick ratio of 0.
54 and a debt-to-equity ratio of 0.24. The firm has a 50 day moving average of $6.
52 and a 200-day moving average of $5.84. Institutional Investors Weigh In On Hecla Mining A number of institutional investors and hedge funds have recently bought and sold shares of HL.
Vanguard Group Inc. grew its position in Hecla Mining by 2.6% in the first quarter.
Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after acquiring an additional 1,506,573 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Hecla Mining during the 1st quarter valued at about $727,000.
SG Americas Securities LLC increased its position in shares of Hecla Mining by 148.9% during the 1st quarter. SG Americas Securities LLC now owns 39,208 shares of the basic materials company’s stock valued at $189,000 after purchasing an additional 23,457 shares during the last quarter.
First Eagle Investment Management LLC raised its holdings in shares of Hecla Mining by 26.5% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,624,677 shares of the basic materials company’s stock valued at $7,880,000 after buying an additional 340,000 shares in the last quarter.
Finally, Marshall Wace LLP bought a new stake in Hecla Mining in the 2nd quarter worth approximately $6,280,000. 63.01% of the stock is owned by hedge funds and other institutional investors.
Insider Buying and Selling at Hecla Mining In related news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.
24. Following the completion of the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This trade represents a 38.
47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink . Corporate insiders own 1.
40% of the company’s stock. Hecla Mining Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.
0138 dividend. This represents a $0.06 dividend on an annualized basis and a yield of 0.
98%. The ex-dividend date is Thursday, November 21st. Hecla Mining’s payout ratio is -125.
00%. About Hecla Mining ( Get Free Report ) 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.
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