Hecla Mining Company (NYSE:HL) Stock Has Consensus Target Price of $23.34 According to Analysts

Hecla Mining Company (NYSE:HL) has earned an average rating of “Hold” from the ten analysts that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $23.34.

Several equities research analysts have commented on HL shares. Royal Bank Of Canada cut their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Weiss Ratings raised shares of Hecla Mining from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Thursday. Scotiabank decreased 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 note on Tuesday, July 14th. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a report on Friday, July 17th. Finally, Jefferies Financial Group initiated coverage on shares of Hecla Mining in a research report on Thursday, August 20th. They issued a “hold” rating and a $22.00 price objective on the stock.

Hecla Mining Price Performance

HL opened at $17.06 on Thursday. The company has a market capitalization of $11.46 billion, a price-to-earnings ratio of 34.82 and a beta of 1.37. The business’s 50-day moving average price is $18.60 and its two-hundred day moving average price is $17.56. Hecla Mining has a 1 year low of $11.81 and a 1 year high of $34.17.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.09 earnings per share. Sell-side analysts anticipate that Hecla Mining will post 0.46 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 26th were given a $0.0037 dividend. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Institutional Investors Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Avaii Wealth Management LLC boosted its position in Hecla Mining by 137.1% during the third quarter. Avaii Wealth Management LLC now owns 58,763 shares of the basic materials company’s stock valued at $1,011,000 after purchasing an additional 33,978 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Hecla Mining by 52.0% during the 3rd quarter. GAMMA Investing LLC now owns 23,707 shares of the basic materials company’s stock worth $404,000 after purchasing an additional 8,112 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Hecla Mining by 40.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 32,080 shares of the basic materials company’s stock worth $546,000 after purchasing an additional 9,308 shares during the last quarter. CoreCap Advisors LLC raised its stake in shares of Hecla Mining by 8.1% during the 3rd quarter. CoreCap Advisors LLC now owns 8,277 shares of the basic materials company’s stock worth $141,000 after purchasing an additional 619 shares in the last quarter. Finally, Tactive Advisors LLC raised its stake in shares of Hecla Mining by 19.8% during the 3rd quarter. Tactive Advisors LLC now owns 54,755 shares of the basic materials company’s stock worth $932,000 after purchasing an additional 9,040 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

About Hecla Mining

Hecla Mining Company is a precious and base metals producer founded in 1891 and headquartered in Coeur d’Alene, Idaho. The company explores for, develops, and operates mines that produce silver, gold, lead, and zinc. Its silver production serves industrial, investment, and other markets, while gold and base metals contribute to its broader mining portfolio.

Hecla’s operating assets have included the Greens Creek mine in southeast Alaska, the Lucky Friday mine in Idaho, the Casa Berardi mine in Quebec, and the Keno Hill silver district in Yukon, Canada.