Cantor Fitzgerald assumed coverage on shares of Hecla Mining (NYSE:HL) in a research report released on Monday. The brokerage issued a buy rating and a $5.00 price objective on the basic materials company’s stock.
Several other analysts have also recently weighed in on the company. HC Wainwright reaffirmed a buy rating and issued a $8.50 price target on shares of Hecla Mining in a report on Tuesday, August 29th. Canaccord Genuity raised Hecla Mining from a hold rating to a buy rating and set a $5.25 price target on the stock in a report on Tuesday, November 14th. BMO Capital Markets started coverage on Hecla Mining in a report on Friday, November 17th. They set a market perform rating and a $4.75 price objective on the stock. ValuEngine cut Hecla Mining from a hold rating to a sell rating in a report on Thursday, November 9th. Finally, Royal Bank Of Canada set a $6.00 price objective on Hecla Mining and gave the company a hold rating in a report on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Hecla Mining presently has a consensus rating of Hold and an average price target of $5.75.
Shares of Hecla Mining (HL) opened at $3.54 on Monday. Hecla Mining has a 1-year low of $3.54 and a 1-year high of $6.78. The stock has a market capitalization of $1,436.47, a PE ratio of 51.43, a P/E/G ratio of 72.00 and a beta of 0.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same quarter last year, the firm posted $0.07 EPS. The company’s revenue was down 21.5% compared to the same quarter last year. analysts expect that Hecla Mining will post 0.05 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Tuesday, November 21st were issued a dividend of $0.0025 per share. The ex-dividend date was Monday, November 20th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.28%. Hecla Mining’s dividend payout ratio is 16.67%.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the firm’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. BT Investment Management Ltd bought a new stake in shares of Hecla Mining in the 2nd quarter worth approximately $77,979,000. Van ECK Associates Corp grew its position in shares of Hecla Mining by 37.6% in the 2nd quarter. Van ECK Associates Corp now owns 38,105,358 shares of the basic materials company’s stock worth $194,337,000 after buying an additional 10,415,245 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Hecla Mining by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock worth $21,623,000 after buying an additional 2,425,493 shares during the last quarter. Alps Advisors Inc. grew its position in shares of Hecla Mining by 1,173.1% in the 2nd quarter. Alps Advisors Inc. now owns 1,304,846 shares of the basic materials company’s stock worth $6,655,000 after buying an additional 1,202,351 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Hecla Mining by 2,590.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock worth $5,477,000 after buying an additional 1,033,961 shares during the last quarter. Institutional investors and hedge funds own 60.33% of the company’s stock.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
Receive News & Ratings for Hecla Mining Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining Company and related companies with MarketBeat.com's FREE daily email newsletter.