Hecla Mining Company (NYSE:HL) Receives $24.12 Consensus PT from Analysts

Shares of Hecla Mining Company (NYSE:HL) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $24.1250.

Several research analysts recently issued reports on the company. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, April 29th. Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Scotiabank lowered 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. Finally, Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Veracity Capital LLC boosted its stake in shares of Hecla Mining by 4.0% in the 4th quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 419 shares during the last quarter. CWM LLC raised its stake in Hecla Mining by 1.4% during the fourth quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock worth $611,000 after buying an additional 434 shares during the last quarter. Blue Trust Inc. lifted its holdings in Hecla Mining by 9.5% in the fourth quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock valued at $111,000 after buying an additional 500 shares during the period. Parallel Advisors LLC lifted its holdings in Hecla Mining by 33.9% in the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock valued at $39,000 after buying an additional 509 shares during the period. Finally, Root Financial Partners LLC boosted its position in Hecla Mining by 26.9% during the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after acquiring an additional 538 shares during the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Trading Down 5.5%

Shares of NYSE HL opened at $14.12 on Friday. The firm has a 50 day moving average price of $15.66 and a two-hundred day moving average price of $19.24. The stock has a market cap of $9.47 billion, a P/E ratio of 34.43 and a beta of 1.29. Hecla Mining has a 52-week low of $5.62 and a 52-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.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million for the quarter, compared to analyst estimates of $407.63 million. During the same quarter last year, the firm posted $0.04 EPS. Hecla Mining’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, equities analysts forecast that Hecla Mining will post 0.47 EPS for the current year.

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.