Hecla Mining Company (NYSE:HL) Lowered to “C” at TheStreet
HL has been the subject of a number of other research reports. HC Wainwright reiterated a buy rating and issued a $8.00 price target on shares of Hecla Mining in a report on Sunday, June 25th. BidaskClub lowered Hecla Mining from a hold rating to a sell rating in a report on Friday, June 16th. Royal Bank Of Canada set a $6.00 target price on Hecla Mining and gave the stock a hold rating in a report on Monday, April 24th. ValuEngine lowered Hecla Mining from a hold rating to a sell rating in a report on Friday. Finally, Zacks Investment Research lowered Hecla Mining from a hold rating to a sell rating in a report on Wednesday, July 12th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $6.81.
Hecla Mining (NYSE HL) traded down 1.77% on Thursday, hitting $5.00. The stock had a trading volume of 4,833,247 shares. Hecla Mining has a 1-year low of $4.61 and a 1-year high of $7.64. The stock’s 50-day moving average is $5.22 and its 200 day moving average is $5.59. The firm has a market capitalization of $1.98 billion, a price-to-earnings ratio of 20.24 and a beta of 0.44.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.57%. The firm’s revenue for the quarter was down 21.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.06 EPS. On average, equities research analysts predict that Hecla Mining will post $0.14 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Wednesday, August 23rd will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.20%. Hecla Mining’s payout ratio is presently 7.69%.
Institutional investors have recently modified their holdings of the company. Federated Investors Inc. PA increased its position in shares of Hecla Mining by 5.6% in the second quarter. Federated Investors Inc. PA now owns 279,770 shares of the basic materials company’s stock worth $1,427,000 after buying an additional 14,853 shares during the last quarter. KBC Group NV acquired a new position in shares of Hecla Mining during the second quarter worth about $713,000. BNP Paribas Arbitrage SA increased its position in shares of Hecla Mining by 194.9% in the second quarter. BNP Paribas Arbitrage SA now owns 112,516 shares of the basic materials company’s stock worth $574,000 after buying an additional 74,366 shares during the last quarter. Legal & General Group Plc increased its position in shares of Hecla Mining by 15.7% in the second quarter. Legal & General Group Plc now owns 147,355 shares of the basic materials company’s stock worth $751,000 after buying an additional 20,001 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Hecla Mining by 133.7% in the second quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock worth $21,623,000 after buying an additional 2,425,493 shares during the last quarter. 57.45% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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