Hecla Mining Company (NYSE:HL) Receives $8.75 Consensus Target Price from Analysts

Shares of Hecla Mining Company (NYSE:HL) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.75.

A number of equities research analysts recently issued reports on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Hecla Mining in a research note on Saturday. HC Wainwright lifted their price target on Hecla Mining from $11.50 to $12.50 and gave the stock a “buy” rating in a report on Thursday, August 7th. BMO Capital Markets boosted their price objective on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a report on Thursday, August 7th. CIBC boosted their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Finally, Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday.

Insiders Place Their Bets

In other Hecla Mining news, VP Stuart Maurice Absolom sold 14,472 shares of the company’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the sale, the vice president owned 73,200 shares of the company’s stock, valued at approximately $826,428. This represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.62% of the stock is owned by corporate insiders.

Institutional Trading of Hecla Mining

Several hedge funds have recently added to or reduced their stakes in HL. Transce3nd LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth $25,000. USA Financial Formulas purchased a new position in Hecla Mining in the third quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new stake in shares of Hecla Mining during the 1st quarter worth about $31,000. EverSource Wealth Advisors LLC lifted its position in shares of Hecla Mining by 255.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock worth $37,000 after purchasing an additional 4,425 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of Hecla Mining during the 2nd quarter worth about $44,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

HL opened at $12.95 on Thursday. Hecla Mining has a 52-week low of $4.46 and a 52-week high of $15.44. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The company has a market cap of $8.67 billion, a P/E ratio of 80.91 and a beta of 1.31. The firm’s 50-day moving average price is $10.98 and its 200-day moving average price is $7.63.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The company had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. During the same quarter in the prior year, the company earned $0.02 EPS. Hecla Mining’s quarterly revenue was up 23.8% on a year-over-year basis. As a group, equities analysts anticipate 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 paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Friday, August 22nd. Hecla Mining’s dividend payout ratio is 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.