Hecla Mining (NYSE:HL) Receives $7.94 Average PT from Analysts

Shares of Hecla Mining (NYSE:HL) have received a consensus rating of “Moderate Buy” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $7.94.

Several research firms have weighed in on HL. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities reduced their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hecla Mining during the 3rd quarter worth approximately $28,000. Sound Income Strategies LLC purchased a new stake in Hecla Mining in the third quarter worth $49,000. Innealta Capital LLC bought a new stake in shares of Hecla Mining in the second quarter valued at $41,000. GFG Capital LLC purchased a new position in shares of Hecla Mining during the 3rd quarter valued at $67,000. Finally, Captrust Financial Advisors bought a new position in shares of Hecla Mining during the 3rd quarter worth $71,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Price Performance

Hecla Mining stock opened at $5.01 on Friday. The firm has a market cap of $3.15 billion, a PE ratio of -125.25 and a beta of 1.92. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54. Hecla Mining has a one year low of $3.33 and a one year high of $7.68. The stock’s fifty day moving average price is $5.81 and its two-hundred day moving average price is $5.84.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The firm had revenue of $245.09 million for the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company’s revenue for the quarter was up 34.7% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) EPS. As a group, research analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were given a dividend of $0.0138 per share. The ex-dividend date was Thursday, November 21st. This represents a $0.06 annualized dividend and a dividend yield of 1.10%. Hecla Mining’s dividend payout ratio is currently -125.00%.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.