Hecla Mining (NYSE:HL) had its price target increased by HC Wainwright from $3.00 to $3.75 in a report issued on Monday, BenzingaRatingsTable reports. The firm currently has a buy rating on the basic materials company’s stock.
A number of other brokerages have also recently commented on HL. BMO Capital Markets set a $1.00 price target on shares of Hecla Mining and gave the company a sell rating in a research note on Friday, July 19th. Bank of America set a $2.00 price target on shares of Hecla Mining and gave the company a sell rating in a research note on Friday, June 7th. Cantor Fitzgerald set a $2.00 price target on shares of Hecla Mining and gave the company a hold rating in a research note on Thursday, June 6th. Canaccord Genuity cut shares of Hecla Mining from a hold rating to a sell rating and set a $2.00 price target on the stock. in a research note on Wednesday, August 7th. Finally, Scotiabank cut shares of Hecla Mining from a sector perform rating to an underperform rating and set a $1.00 price target on the stock. in a research note on Friday, May 10th. Six equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. Hecla Mining currently has a consensus rating of Hold and an average price target of $2.39.
Shares of HL stock opened at $1.58 on Monday. The stock has a market capitalization of $769.69 million, a P/E ratio of -14.36 and a beta of 0.96. The company has a current ratio of 1.23, a quick ratio of 0.55 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $1.75 and its 200 day moving average is $1.99. Hecla Mining has a 12 month low of $1.21 and a 12 month high of $3.12.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The business had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The business’s quarterly revenue was down 8.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.01 earnings per share. On average, equities analysts predict that Hecla Mining will post -0.14 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be issued a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.51%. The ex-dividend date of this dividend is Thursday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.
In other news, Director Catherine J. Boggs bought 40,540 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were acquired at an average price of $1.50 per share, with a total value of $60,810.00. Following the acquisition, the director now owns 40,540 shares of the company’s stock, valued at approximately $60,810. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.80% of the company’s stock.
A number of institutional investors have recently bought and sold shares of HL. Dimensional Fund Advisors LP increased its holdings in shares of Hecla Mining by 11.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 36,181,949 shares of the basic materials company’s stock worth $85,389,000 after buying an additional 3,640,249 shares during the last quarter. Norges Bank bought a new position in shares of Hecla Mining in the 4th quarter worth $8,311,000. Commerzbank Aktiengesellschaft FI increased its holdings in shares of Hecla Mining by 81.4% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 7,226,329 shares of the basic materials company’s stock worth $13,007,000 after buying an additional 3,242,092 shares during the last quarter. MERIAN GLOBAL INVESTORS UK Ltd increased its holdings in shares of Hecla Mining by 52.9% in the 1st quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 6,194,811 shares of the basic materials company’s stock worth $14,248,000 after buying an additional 2,144,000 shares during the last quarter. Finally, Nuveen Asset Management LLC bought a new position in shares of Hecla Mining in the 2nd quarter worth $3,389,000. 57.10% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
Featured Article: How accurate is the Rule of 72?
Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.