BMO Capital Markets initiated coverage on shares of Hecla Mining Company (NYSE:HL) in a report issued on Friday. The brokerage issued a market perform rating and a $4.75 price objective on the basic materials company’s stock.

A number of other analysts have also weighed in on HL. Canaccord Genuity restated a hold rating and set a $5.00 price objective on shares of Hecla Mining in a research note on Thursday, September 7th. ValuEngine upgraded shares of Hecla Mining from a sell rating to a hold rating in a research note on Friday, September 1st. HC Wainwright reiterated a buy rating and issued a $8.50 price target on shares of Hecla Mining in a research note on Tuesday, August 29th. Zacks Investment Research upgraded shares of Hecla Mining from a strong sell rating to a hold rating in a research note on Wednesday, October 11th. Finally, Royal Bank Of Canada set a $6.00 price target on shares of Hecla Mining and gave the stock a hold rating in a research note on Wednesday, October 18th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Hecla Mining presently has a consensus rating of Hold and an average price target of $6.27.

Hecla Mining (HL) traded down $0.08 during trading hours on Friday, hitting $3.88. 6,915,479 shares of the stock traded hands, compared to its average volume of 5,693,353. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The stock has a market cap of $1,580.00, a PE ratio of 53.57, a price-to-earnings-growth ratio of 75.00 and a beta of 0.31. Hecla Mining has a 12-month low of $3.63 and a 12-month high of $6.78.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. Hecla Mining’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same period last year, the business earned $0.07 EPS. equities research analysts expect that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be issued a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.26%. The ex-dividend date of this dividend is Monday, November 20th. Hecla Mining’s dividend payout ratio is currently 16.67%.

In other news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction that occurred on Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Ameriprise Financial Inc. increased its position in Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 4,384 shares during the last quarter. Trexquant Investment LP bought a new stake in Hecla Mining in the second quarter worth $124,000. Pacad Investment Ltd. increased its position in Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 2,600 shares during the last quarter. Advisor Group Inc. increased its position in Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 16,561 shares during the last quarter. Finally, Teacher Retirement System of Texas increased its position in Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 802 shares during the last quarter. Institutional investors own 59.13% of the company’s stock.

About Hecla Mining

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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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