Hecla Mining Company (NYSE:HL) Receives $10.03 Average Price Target from Analysts

Hecla Mining Company (NYSE:HL) has earned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $10.0313.

A number of brokerages recently weighed in on HL. Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Scotiabank started coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hecla Mining in a research report on Thursday, November 13th. CIBC increased their price objective on Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Finally, BMO Capital Markets boosted their target price on Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a research note on Thursday, August 7th.

Hecla Mining Price Performance

HL stock opened at $14.13 on Monday. The business’s fifty day moving average price is $12.78 and its 200 day moving average price is $8.64. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $16.09. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The company has a market capitalization of $9.47 billion, a PE ratio of 88.30 and a beta of 1.29.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01. The company had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.Hecla Mining’s revenue was up 67.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.03 EPS. On average, sell-side analysts anticipate that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 8th. Stockholders of record on Monday, November 24th will be given a dividend of $0.0038 per share. The ex-dividend date of this dividend is Monday, November 24th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s payout ratio is currently 3.23%.

Insider Buying and Selling

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the firm’s stock in a transaction that occurred on Friday, September 12th. The shares were 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 $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Russell Douglas Lawlar sold 18,535 shares of the business’s stock in a transaction that occurred on Monday, November 10th. The stock was sold at an average price of $15.02, for a total transaction of $278,395.70. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 181,379 shares of company stock worth $2,667,365 over the last 90 days. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

Several large investors have recently bought and sold shares of the business. USA Financial Formulas purchased a new stake in Hecla Mining during the 3rd quarter worth about $25,000. UMB Bank n.a. raised its position in shares of Hecla Mining by 2,390.0% during the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 2,390 shares in the last quarter. MAI Capital Management purchased a new stake in Hecla Mining during the third quarter worth approximately $39,000. Banque Cantonale Vaudoise purchased a new stake in Hecla Mining during the third quarter worth approximately $44,000. Finally, Federated Hermes Inc. boosted its holdings in Hecla Mining by 29.9% in the third quarter. Federated Hermes Inc. now owns 4,023 shares of the basic materials company’s stock valued at $49,000 after purchasing an additional 926 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.