Hecla Mining Company (NYSE:HL) Receives Average Rating of “Hold” from Analysts

Hecla Mining Company (NYSE:HL) has been assigned a consensus rating of “Hold” from the ten analysts that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $21.6250.

HL has been the subject of a number of research analyst reports. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. BMO Capital Markets upped their price target on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Scotiabank increased their price objective on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th. HC Wainwright raised their price objective on Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Roth Mkm set a $13.00 target price on Hecla Mining in a research note on Wednesday, February 18th.

Hecla Mining Trading Down 2.5%

Hecla Mining stock opened at $17.18 on Friday. Hecla Mining has a 52 week low of $4.46 and a 52 week high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72. The firm has a market capitalization of $11.51 billion, a price-to-earnings ratio of 35.05 and a beta of 1.22. The company has a 50 day moving average price of $23.42 and a 200 day moving average price of $17.81.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 24th. Investors of record on Monday, March 9th will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date is Monday, March 9th. Hecla Mining’s dividend payout ratio (DPR) is currently 2.04%.

Insider Buying and Selling

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The shares were sold at an average price of $21.91, for a total value of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

Institutional investors have recently modified their holdings of the stock. Van ECK Associates Corp increased its stake in shares of Hecla Mining by 32.4% in the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock worth $603,566,000 after acquiring an additional 12,197,740 shares during the last quarter. Vanguard Group Inc. grew its stake in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock valued at $863,324,000 after purchasing an additional 8,452,401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Hecla Mining by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock valued at $284,651,000 after purchasing an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in Hecla Mining by 86.7% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock worth $244,003,000 after purchasing an additional 5,906,313 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in Hecla Mining in the 4th quarter worth about $88,417,000. Institutional investors and hedge funds 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.