Brokerages Set Hecla Mining Company (NYSE:HL) PT at $24.12

Hecla Mining Company (NYSE:HL) has been assigned a consensus rating of “Hold” from the nine analysts that are covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $23.8214.

A number of analysts have recently weighed in on HL shares. Zacks Research upgraded Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Scotiabank reduced their price objective on Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating for the company in a research report on Tuesday, July 14th. Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, April 29th. Finally, Weiss Ratings upgraded Hecla Mining from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, August 5th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC increased its stake in shares of Hecla Mining by 74.3% in 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 period. Sittner & Nelson LLC bought a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $29,000. Rothschild Investment LLC boosted its position in shares of Hecla Mining by 93.5% during the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares during the period. Eurizon Capital SGR S.p.A. acquired a new position in shares of Hecla Mining during the fourth quarter worth approximately $31,000. Finally, CIBC Private Wealth Group LLC grew its holdings in Hecla Mining by 134.2% in the 4th quarter. CIBC Private Wealth Group LLC now owns 1,670 shares of the basic materials company’s stock worth $32,000 after buying an additional 957 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Down 0.2%

Shares of NYSE:HL opened at $20.78 on Wednesday. The company has a market cap of $13.96 billion, a PE ratio of 42.41 and a beta of 1.32. Hecla Mining has a fifty-two week low of $7.57 and a fifty-two week high of $34.17. The firm has a 50-day simple moving average of $16.14 and a 200 day simple moving average of $18.28.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business’s revenue was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. As a group, research analysts forecast that Hecla Mining will post 0.46 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Wednesday, August 26th will be issued a $0.0038 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

About Hecla Mining

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.