Hecla Mining Company (NYSE:HL) Given Average Recommendation of “Hold” by Brokerages

Hecla Mining Company (NYSE:HL) has been given a consensus rating of “Hold” by the seven brokerages that are presently covering the company, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $7.3571.

Several equities research analysts have recently issued reports on the company. BMO Capital Markets raised their price objective on Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research note on Thursday, August 7th. CIBC raised their price target on Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. HC Wainwright raised their price target on Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a research note on Thursday, August 7th. National Bank Financial raised Hecla Mining to a “hold” rating in a research report on Thursday, June 12th. Finally, National Bankshares set a $7.00 target price on Hecla Mining in a research report on Friday, June 13th.

Institutional Trading of Hecla Mining

Several large investors have recently added to or reduced their stakes in HL. Stifel Financial Corp boosted its stake in shares of Hecla Mining by 1,246.3% in the fourth quarter. Stifel Financial Corp now owns 161,084 shares of the basic materials company’s stock worth $791,000 after buying an additional 149,119 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in Hecla Mining by 8.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 509,148 shares of the basic materials company’s stock worth $2,500,000 after acquiring an additional 40,692 shares during the period. Northern Trust Corp boosted its position in shares of Hecla Mining by 5.0% during the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company’s stock worth $29,944,000 after buying an additional 289,865 shares during the period. Algert Global LLC boosted its position in shares of Hecla Mining by 263.1% during the fourth quarter. Algert Global LLC now owns 217,282 shares of the basic materials company’s stock worth $1,067,000 after buying an additional 157,436 shares during the period. Finally, Ameriprise Financial Inc. raised its stake in shares of Hecla Mining by 10.7% in the fourth quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 2,457 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

NYSE:HL opened at $10.18 on Wednesday. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $10.28. The stock has a 50-day moving average price of $7.06 and a 200 day moving average price of $6.05. The stock has a market capitalization of $6.82 billion, a P/E ratio of 63.63 and a beta of 1.29.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $304.03 million during the quarter, compared to analysts’ expectations of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The firm’s revenue for the quarter was up 23.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.02 EPS. Equities research analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were issued a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 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.