HC Wainwright Increases Earnings Estimates for Hecla Mining

Key Points

• HC Wainwright has raised its earnings estimate for Hecla Mining's FY2025 from $0.14 to $0.24 per share, while also projecting FY2026 earnings at $0.43 EPS.
• The stock currently holds a "Buy" rating from HC Wainwright, with a target price set at $12.50.
• Hecla Mining reported a quarterly revenue of $304.03 million, exceeding expectations and marking a 23.8% year-over-year increase.

Hecla Mining Company (NYSE:HL - Free Report) - Equities research analysts at HC Wainwright increased their FY2025 earnings estimates for shares of Hecla Mining in a report released on Thursday, August 7th. HC Wainwright analyst H. Ihle now forecasts that the basic materials company will post earnings of $0.24 per share for the year, up from their prior estimate of $0.14. HC Wainwright currently has a "Buy" rating and a $12.50 target price on the stock. The consensus estimate for Hecla Mining's current full-year earnings is $0.21 per share. HC Wainwright also issued estimates for Hecla Mining's FY2026 earnings at $0.43 EPS.

HL has been the topic of a number of other research reports. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday. TD Securities dropped their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a report on Monday, May 5th. Roth Capital reaffirmed a "neutral" rating on shares of Hecla Mining in a research report on Thursday. National Bankshares set a $7.00 price target on Hecla Mining in a research report on Friday, June 13th. Finally, BMO Capital Markets lifted their price target on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a research report on Thursday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $7.36.

Hecla Mining Stock Performance

Shares of HL stock opened at $7.59 on Monday. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $7.68. The stock has a market cap of $5.09 billion, a PE ratio of 47.44 and a beta of 1.27. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company's fifty day moving average price is $6.06 and its 200-day moving average price is $5.67.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS 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 firm 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 EPS. The company's quarterly revenue was up 23.8% on a year-over-year basis.

Institutional Investors Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently made changes to their positions in HL. Tidal Investments LLC increased its position in shares of Hecla Mining by 100.5% during the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after purchasing an additional 7,960,826 shares during the last quarter. Pale Fire Capital SE purchased a new stake in Hecla Mining in the 1st quarter worth approximately $41,360,000. Nuveen LLC purchased a new stake in Hecla Mining in the 1st quarter worth approximately $18,410,000. Marshall Wace LLP increased its holdings in Hecla Mining by 182.4% in the 4th quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock worth $24,580,000 after acquiring an additional 3,233,116 shares in the last quarter. Finally, MetLife Investment Management LLC increased its holdings in Hecla Mining by 869.3% in the 1st quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company's stock worth $18,204,000 after acquiring an additional 2,936,288 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the business's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $6.66, for a total value of $126,047.16. Following the completion of the transaction, the vice president owned 59,410 shares of the company's stock, valued at approximately $395,670.60. The trade was a 24.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.62% of the company's stock.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be given a $0.0038 dividend. The ex-dividend date of this dividend is Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. Hecla Mining's payout ratio is 6.25%.

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.

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