Analysts Set Hecla Mining Company (NYSE:HL) Price Target at $24.12

Hecla Mining Company (NYSE:HL) has received an average recommendation of “Hold” from the eight research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $24.1250.

HL has been the subject of a number of research reports. HC Wainwright decreased their target price on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research note on Wednesday, May 6th. Zacks Research raised shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. Scotiabank decreased their target price on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Finally, Weiss Ratings lowered shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $14.11 on Friday. The stock has a market capitalization of $9.47 billion, a P/E ratio of 34.43 and a beta of 1.29. The business’s 50 day simple moving average is $15.77 and its two-hundred day simple moving average is $19.33. Hecla Mining has a one year low of $5.62 and a one year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. During the same period in the previous year, the firm posted $0.04 earnings per share. The firm’s revenue for the quarter was up 57.4% compared to the same quarter last year. Analysts forecast that Hecla Mining will post 0.47 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were given a dividend of $0.0038 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is 2.44%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lodestone Wealth Management LLC purchased a new stake in shares of Hecla Mining in the fourth quarter valued at about $28,000. Quadrant Capital Group LLC increased its stake 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 valued at $28,000 after purchasing an additional 631 shares during the last quarter. Sittner & Nelson LLC bought a new stake in Hecla Mining in the 4th quarter valued at about $29,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Hecla Mining in the fourth quarter valued at approximately $31,000. Finally, Rothschild Investment LLC increased its holdings 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 valued at $31,000 after buying an additional 781 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.