Hecla Mining Company (NYSE:HL) Receives $24.12 Average PT from Analysts

Shares of Hecla Mining Company (NYSE:HL) have received an average recommendation of “Hold” from the nine research firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $23.8214.

A number of research firms have issued reports on HL. Scotiabank reduced their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 29th. HC Wainwright dropped their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Jefferies Financial Group started coverage on shares of Hecla Mining in a research report on Thursday. They set a “hold” rating and a $22.00 target price for the company.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently modified their holdings of HL. Quadrant Capital Group LLC grew its holdings in Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares during the period. Sittner & Nelson LLC purchased a new position in Hecla Mining in the fourth quarter valued at $29,000. Rothschild Investment LLC raised its position in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after acquiring an additional 781 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Hecla Mining in the fourth quarter worth about $31,000. Finally, CIBC Private Wealth Group LLC boosted its stake in shares of Hecla Mining by 134.2% during the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 957 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Shares of HL stock opened at $20.78 on Wednesday. The stock’s 50-day simple moving average is $16.14 and its 200-day simple moving average is $18.26. The firm has a market capitalization of $13.96 billion, a PE ratio of 42.41 and a beta of 1.32. Hecla Mining has a fifty-two week low of $7.57 and a fifty-two week high of $34.17.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period last year, the firm earned $0.09 EPS. Sell-side analysts forecast that Hecla Mining will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Wednesday, August 26th will be given a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is currently 2.04%.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.