Hecla Mining (NYSE:HL) Receives $7.56 Consensus Target Price from Analysts

Shares of Hecla Mining (NYSE:HL) have received a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $7.56.

A number of research analysts have weighed in on HL shares. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Wednesday, October 9th. Roth Mkm lowered their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, HC Wainwright reissued a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th.

Hecla Mining Price Performance

Shares of HL opened at $6.71 on Friday. The business’s 50-day moving average is $6.16 and its two-hundred day moving average is $5.66. The company has a market capitalization of $4.20 billion, a P/E ratio of -44.70 and a beta of 2.01. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $7.40. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The company had revenue of $245.66 million during the quarter, compared to analysts’ expectations of $208.80 million. During the same period last year, the business earned $0.03 earnings per share. Research analysts predict that Hecla Mining will post 0.07 earnings per share for the current year.

Hecla Mining Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 5th. Shareholders of record on Monday, August 26th were issued a $0.0138 dividend. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date of this dividend was Monday, August 26th. This represents a $0.06 dividend on an annualized basis and a yield of 0.82%. Hecla Mining’s dividend payout ratio is presently -33.33%.

Insider Transactions at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the stock in a transaction that occurred on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.40% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently bought and sold shares of HL. Continuum Advisory LLC grew its holdings in shares of Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the period. Sound Income Strategies LLC acquired a new stake in shares of Hecla Mining during the third quarter valued at about $49,000. Innealta Capital LLC acquired a new stake in shares of Hecla Mining during the second quarter valued at about $41,000. Ballentine Partners LLC purchased a new stake in shares of Hecla Mining in the 2nd quarter valued at approximately $54,000. Finally, Oak Family Advisors LLC acquired a new position in shares of Hecla Mining in the 2nd quarter worth approximately $55,000. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.