Hecla Mining Company (NYSE:HL) Receives Consensus Rating of “Hold” from Analysts

Shares of Hecla Mining Company (NYSE:HL) have received an average rating of “Hold” from the eight research firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $24.7917.

A number of equities research analysts have issued reports on HL shares. Wall Street Zen lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Weiss Ratings cut Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, Canaccord Genuity Group upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th.

Hecla Mining Stock Down 6.0%

Shares of HL traded down $0.99 during mid-day trading on Tuesday, hitting $15.47. 13,710,269 shares of the company’s stock were exchanged, compared to its average volume of 21,821,820. The company has a market cap of $10.37 billion, a price-to-earnings ratio of 37.75 and a beta of 1.29. Hecla Mining has a fifty-two week low of $5.47 and a fifty-two week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The stock’s 50-day moving average is $16.88 and its 200-day moving average is $19.91.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share 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 business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the firm posted $0.04 EPS. The company’s revenue for the quarter was up 57.4% on a year-over-year basis.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a $0.0038 dividend. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

Institutional Trading of Hecla Mining

Institutional investors have recently bought and sold shares of the business. Pacer Advisors Inc. lifted its stake in Hecla Mining by 44.2% during the first quarter. Pacer Advisors Inc. now owns 116,995 shares of the basic materials company’s stock worth $2,180,000 after purchasing an additional 35,875 shares during the last quarter. Chelsea Counsel Co. acquired a new stake in Hecla Mining during the first quarter worth approximately $80,000. Parallel Advisors LLC lifted its position in shares of Hecla Mining by 64.5% during the 1st quarter. Parallel Advisors LLC now owns 3,309 shares of the basic materials company’s stock worth $62,000 after buying an additional 1,298 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of Hecla Mining by 9.8% during the 1st quarter. NewEdge Advisors LLC now owns 33,591 shares of the basic materials company’s stock worth $626,000 after buying an additional 3,010 shares during the last quarter. Finally, Western Wealth Management LLC acquired a new position in shares of Hecla Mining in the 1st quarter valued at $92,000. 63.01% of the stock is 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.