Hecla Mining (NYSE:HL) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Hecla Mining (NYSE:HL) from a sell rating to a hold rating in a research report report published on Monday.

HL has been the topic of several other reports. TD Securities decreased their target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, HC Wainwright reissued a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research note on Friday, February 14th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Hecla Mining has an average rating of “Moderate Buy” and a consensus price target of $8.38.

Hecla Mining Trading Down 3.3 %

Shares of Hecla Mining stock opened at $5.38 on Monday. The firm has a market cap of $3.40 billion, a PE ratio of 107.52 and a beta of 1.91. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a fifty-two week low of $3.40 and a fifty-two week high of $7.68. The business’s fifty day moving average is $5.42 and its two-hundred day moving average is $5.86.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million for the quarter, compared to analysts’ expectations of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Analysts anticipate that Hecla Mining will post 0.2 earnings per share for the current year.

Hecla Mining Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.28%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s payout ratio is 100.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Blue Trust Inc. increased its position in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the last quarter. Arizona State Retirement System raised its position in shares of Hecla Mining by 1.3% during the 4th quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 2,297 shares in the last quarter. Hollencrest Capital Management lifted its stake in Hecla Mining by 1.0% during the third quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Hecla Mining by 10.7% in the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock valued at $125,000 after buying an additional 2,457 shares during the period. Finally, KBC Group NV boosted its stake in Hecla Mining by 19.2% in the third quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

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.