ValuEngine Upgrades Hecla Mining Company (HL) to “Hold”
ValuEngine upgraded shares of Hecla Mining Company (NYSE:HL) from a sell rating to a hold rating in a research note issued to investors on Friday.
Several other research analysts have also commented on the company. HC Wainwright reaffirmed a buy rating and set a $8.50 price target on shares of Hecla Mining in a research report on Tuesday, August 29th. TheStreet lowered Hecla Mining from a b- rating to a c rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Hecla Mining from a hold rating to a sell rating in a research report on Wednesday, July 12th. BidaskClub lowered Hecla Mining from a hold rating to a sell rating in a research report on Friday, June 16th. Finally, Royal Bank Of Canada reaffirmed a hold rating and set a $6.00 price target on shares of Hecla Mining in a research report on Tuesday, May 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus target price of $7.01.
Shares of Hecla Mining (HL) opened at 5.33 on Friday. Hecla Mining has a 12 month low of $4.61 and a 12 month high of $7.64. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 43.33 and a beta of 0.40. The company has a 50-day moving average price of $5.14 and a 200-day moving average price of $5.38.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of $0.01 by $0.05. The firm had revenue of $134.30 million for the quarter, compared to analyst estimates of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The company’s quarterly revenue was down 21.6% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. On average, analysts expect that Hecla Mining will post $0.06 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Wednesday, August 23rd were paid a $0.0025 dividend. The ex-dividend date of this dividend was Monday, August 21st. This represents a $0.01 annualized dividend and a dividend yield of 0.19%. Hecla Mining’s dividend payout ratio (DPR) is currently 7.69%.
Several hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in shares of Hecla Mining by 37.6% in the 2nd quarter. Van ECK Associates Corp now owns 38,105,358 shares of the basic materials company’s stock valued at $194,337,000 after purchasing an additional 10,415,245 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Hecla Mining by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 33,366,407 shares of the basic materials company’s stock valued at $176,507,000 after purchasing an additional 225,517 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 0.9% in the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock valued at $163,877,000 after purchasing an additional 288,819 shares during the last quarter. BlackRock Inc. grew its stake in shares of Hecla Mining by 25,993.9% in the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after purchasing an additional 24,960,628 shares during the last quarter. Finally, State Street Corp grew its stake in shares of Hecla Mining by 17.2% in the 1st quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock valued at $82,046,000 after purchasing an additional 2,275,928 shares during the last quarter. Institutional investors own 59.36% of the company’s stock.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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