FY2025 EPS Estimate for Hecla Mining Lifted by Analyst

Key Points

• Hecla Mining's FY2025 EPS estimate has been revised upward by National Bank Financial from $0.29 to $0.38, although the stock retains a "Hold" rating.
• The company reported earnings of $0.08 per share in Q2, surpassing consensus estimates and achieving a revenue increase of 23.8% year-over-year.
• Institutional investors currently hold 63.01% of Hecla Mining's stock, indicating strong interest from large investors.

Hecla Mining Company (NYSE:HL - Free Report) - Equities research analysts at National Bank Financial increased their FY2025 EPS estimates for Hecla Mining in a report released on Tuesday, September 23rd. National Bank Financial analyst A. Terentiew now expects that the basic materials company will post earnings of $0.38 per share for the year, up from their prior forecast of $0.29. National Bank Financial has a "Hold" rating on the stock. The consensus estimate for Hecla Mining's current full-year earnings is $0.21 per share.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business had revenue of $304.03 million for the quarter, compared to analysts' expectations of $248.93 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. The business's revenue was up 23.8% compared to the same quarter last year.

Other research analysts have also recently issued research reports about the stock. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. CIBC boosted their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. National Bankshares set a $7.00 target price on shares of Hecla Mining in a research note on Friday, June 13th. Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research note on Thursday, August 7th. Finally, BMO Capital Markets boosted their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.36.

Hecla Mining Trading Down 2.1%

HL stock opened at $10.93 on Thursday. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining has a twelve month low of $4.46 and a twelve month high of $11.90. The stock has a market capitalization of $7.33 billion, a price-to-earnings ratio of 68.34 and a beta of 1.29. The firm's fifty day simple moving average is $8.19 and its two-hundred day simple moving average is $6.50.

Hedge Funds Weigh In On Hecla Mining

Large investors have recently added to or reduced their stakes in the company. Transce3nd LLC bought a new position in Hecla Mining in the second quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining in the first quarter worth about $31,000. EverSource Wealth Advisors LLC raised its holdings in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock worth $37,000 after purchasing an additional 4,425 shares in the last quarter. Headlands Technologies LLC bought a new position in Hecla Mining in the second quarter worth about $44,000. Finally, PFG Investments LLC bought a new position in Hecla Mining in the first quarter worth about $56,000. 63.01% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the company's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the sale, the vice president directly owned 73,200 shares of the company's stock, valued at $826,428. This represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.62% of the stock is currently owned by company insiders.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were paid a $0.0038 dividend. The ex-dividend date of this dividend was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. Hecla Mining's dividend payout ratio is 6.25%.

About Hecla Mining

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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