Roth Mkm Cuts Hecla Mining (NYSE:HL) Price Target to $6.50

Hecla Mining (NYSE:HL) had its price objective reduced by Roth Mkm from $6.60 to $6.50 in a report issued on Tuesday morning,Benzinga reports. They currently have a buy rating on the basic materials company’s stock.

A number of other equities analysts also recently weighed in on HL. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday. TD Securities cut their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $8.38.

Hecla Mining Price Performance

HL stock opened at $5.56 on Tuesday. The company has a market capitalization of $3.49 billion, a P/E ratio of -138.88 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. Hecla Mining has a 52-week low of $3.40 and a 52-week high of $7.68. The business has a 50-day simple moving average of $5.43 and a two-hundred day simple moving average of $5.86.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. Research analysts expect that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a $0.0038 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is presently -125.00%.

Institutional Investors Weigh In On Hecla Mining

A number of hedge funds have recently modified their holdings of the stock. Blue Trust Inc. raised its holdings in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the period. Arizona State Retirement System raised its holdings in Hecla Mining by 1.3% during the 4th quarter. Arizona State Retirement System now owns 173,616 shares of the basic materials company’s stock valued at $852,000 after acquiring an additional 2,297 shares during the period. Hollencrest Capital Management raised its holdings in Hecla Mining by 1.0% during the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock valued at $1,659,000 after acquiring an additional 2,367 shares during the period. Ameriprise Financial Inc. raised its holdings in Hecla Mining by 10.7% during the 4th quarter. Ameriprise Financial Inc. now owns 25,370 shares of the basic materials company’s stock valued at $125,000 after acquiring an additional 2,457 shares during the period. Finally, KBC Group NV raised its holdings in Hecla Mining by 19.2% during the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock valued at $121,000 after acquiring an additional 2,909 shares during the period. Institutional investors own 63.01% of the company’s stock.

About Hecla Mining

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.