Scotiabank Issues Negative Outlook for Hecla Mining Earnings

Key Points

• Scotiabank cut Hecla Mining’s FY2026 EPS forecast to $0.46 from $0.47, while maintaining a “Sector Perform” rating and a $21 price target. It forecasts FY2027 EPS of $0.90.
• Hecla’s latest quarterly results fell short of expectations, with EPS of $0.17 versus $0.18 expected and revenue of $333.85 million versus $368.75 million. Revenue nevertheless increased 9.8% year over year.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $23.82; institutional investors own 63.01% of the stock.

Hecla Mining Company (NYSE:HL - Free Report) - Scotiabank lowered their FY2026 earnings estimates for Hecla Mining in a note issued to investors on Wednesday, August 19th. Scotiabank analyst E. Winmill now forecasts that the basic materials company will post earnings per share of $0.46 for the year, down from their prior estimate of $0.47. Scotiabank currently has a "Sector Perform" rating and a $21.00 target price on the stock. The consensus estimate for Hecla Mining's current full-year earnings is $0.47 per share. Scotiabank also issued estimates for Hecla Mining's FY2027 earnings at $0.90 EPS.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.01). The company had revenue of $333.85 million for the quarter, compared to analysts' expectations of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business's quarterly revenue was up 9.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.09 EPS.

Several other brokerages have also weighed in on HL. Weiss Ratings upgraded shares of Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th. Wall Street Zen lowered shares of Hecla Mining from a "buy" rating to a "hold" rating in a report on Saturday, May 9th. Canaccord Genuity Group upgraded Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Wednesday, April 29th. Zacks Research raised shares of Hecla Mining to a "hold" rating in a research report on Friday, July 17th. Finally, HC Wainwright lowered their target price on Hecla Mining from $36.50 to $26.75 and set a "buy" rating for the company in a report on Wednesday, May 6th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $23.82.

Hecla Mining Stock Performance

HL stock opened at $20.87 on Friday. The stock has a market capitalization of $14.02 billion, a PE ratio of 42.59 and a beta of 1.32. Hecla Mining has a one year low of $7.51 and a one year high of $34.17. The company has a fifty day moving average of $16.03 and a 200-day moving average of $18.26.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Hecla Mining during the second quarter worth approximately $6,908,000. Two Sigma Securities LLC boosted its holdings in shares of Hecla Mining by 160.2% during the 2nd quarter. Two Sigma Securities LLC now owns 35,225 shares of the basic materials company's stock worth $544,000 after buying an additional 21,686 shares during the period. GTS Securities LLC bought a new stake in shares of Hecla Mining during the 2nd quarter worth $278,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Hecla Mining by 21.7% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,843,367 shares of the basic materials company's stock valued at $28,443,000 after buying an additional 328,485 shares during the last quarter. Finally, Van ECK Associates Corp raised its holdings in Hecla Mining by 15.3% in the 2nd quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company's stock worth $589,027,000 after acquiring an additional 5,053,624 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Wednesday, August 26th. Hecla Mining's payout ratio is presently 2.04%.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d'Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d'Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company's principal operations are located in North America and Latin America.

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