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

Hecla Mining Company (NYSE:HL) has been given an average rating of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $24.7917.

Several research firms have commented on HL. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, April 29th. HC Wainwright dropped their price objective on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Weiss Ratings downgraded shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Finally, Wall Street Zen downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Saturday, May 9th.

Hedge Funds Weigh In On Hecla Mining

A number of large investors have recently made changes to their positions in HL. Goldman Sachs Group Inc. boosted its holdings in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Hecla Mining by 24.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after purchasing an additional 380,448 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Hecla Mining by 10.9% during the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 6,450 shares in the last quarter. Prudential Financial Inc. lifted its holdings in Hecla Mining by 71.6% during the 2nd quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock worth $435,000 after purchasing an additional 32,714 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in Hecla Mining by 1.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock worth $922,000 after purchasing an additional 2,793 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

Hecla Mining Price Performance

Hecla Mining stock opened at $15.44 on Tuesday. Hecla Mining has a 12 month low of $5.47 and a 12 month high of $34.17. The company has a current ratio of 4.94, a quick ratio of 4.53 and a debt-to-equity ratio of 0.10. The business’s 50 day simple moving average is $17.17 and its 200 day simple moving average is $20.00. The company has a market cap of $10.36 billion, a price-to-earnings ratio of 37.67 and a beta of 1.25.

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

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a dividend of $0.0038 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining’s dividend payout ratio is currently 2.44%.

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.