Hecla Mining Company (NYSE:HL) Receives $22.25 Average Target Price from Brokerages

Hecla Mining Company (NYSE:HL) has been given a consensus rating of “Hold” by the nine ratings firms that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $22.25.

Several equities research analysts have issued reports on HL shares. Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday. Zacks Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Canaccord Genuity Group upgraded 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. HC Wainwright dropped their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th. Finally, Wall Street Zen downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th.

Hecla Mining Trading Down 2.7%

NYSE:HL opened at $14.50 on Friday. The company has a market cap of $9.72 billion, a P/E ratio of 35.35 and a beta of 1.25. The stock’s fifty day moving average price is $18.17 and its two-hundred day moving average price is $20.05. Hecla Mining has a 1 year low of $5.47 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.03). The company had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The company’s revenue was up 57.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.04 EPS.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be issued a $0.0038 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is presently 2.44%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining in the fourth quarter worth $28,000. Quadrant Capital Group LLC increased its holdings 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 worth $28,000 after purchasing an additional 631 shares during the period. Sittner & Nelson LLC bought a new position in shares of Hecla Mining in the fourth quarter worth $29,000. Eurizon Capital SGR S.p.A. bought a new position in shares of Hecla Mining in the fourth quarter worth $31,000. Finally, Rothschild Investment LLC increased its holdings in shares of Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 781 shares during the period. Institutional investors own 63.01% of the company’s stock.

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.