Hecla Mining (NYSE:HL) Receives $6.68 Average Target Price from Analysts

Shares of Hecla Mining (NYSE:HL) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $6.68.

HL has been the topic of several recent analyst reports. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a report on Wednesday, April 10th. Roth Mkm raised their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a report on Tuesday, April 9th. Finally, National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th.

Hecla Mining Trading Up 3.7 %

Shares of HL opened at $5.25 on Friday. The firm’s 50 day simple moving average is $4.45 and its 200 day simple moving average is $4.37. The company has a market capitalization of $3.24 billion, a P/E ratio of -34.96 and a beta of 2.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.30.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The business had revenue of $160.69 million for the quarter, compared to analysts’ expectations of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The company’s revenue was down 17.5% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. Sell-side analysts forecast that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th were given a $0.006 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.46%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio is presently -20.00%.

Hedge Funds Weigh In On Hecla Mining

Large investors have recently modified their holdings of the stock. Byrne Asset Management LLC purchased a new position in Hecla Mining in the 1st quarter worth about $34,000. Advisor Partners II LLC purchased a new position in Hecla Mining in the 3rd quarter worth about $52,000. Cornerstone Wealth Management LLC bought a new stake in shares of Hecla Mining during the 4th quarter valued at about $72,000. Banco Santander S.A. grew its stake in shares of Hecla Mining by 15.6% during the 3rd quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock valued at $73,000 after purchasing an additional 2,525 shares during the period. Finally, Keybank National Association OH bought a new stake in shares of Hecla Mining during the 3rd quarter valued at about $76,000. 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.