Hecla Mining (NYSE:HL) Receives Average Rating of “Moderate Buy” from Analysts

Hecla Mining (NYSE:HL) has received a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $6.68.

A number of research analysts recently commented on HL shares. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research note on Wednesday, April 10th. Finally, Roth Mkm lifted their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th.

Institutional Investors Weigh In On Hecla Mining

Several institutional investors and hedge funds have recently bought and sold shares of HL. US Bancorp DE increased its holdings in Hecla Mining by 107.9% in the 4th quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock valued at $37,000 after buying an additional 3,963 shares during the period. Captrust Financial Advisors increased its holdings in Hecla Mining by 104.3% in the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after buying an additional 4,932 shares during the period. Verition Fund Management LLC bought a new stake in Hecla Mining in the 2nd quarter valued at $40,000. Nomura Holdings Inc. bought a new stake in Hecla Mining in the 2nd quarter valued at $45,000. Finally, Dark Forest Capital Management LP bought a new stake in Hecla Mining in the 1st quarter valued at $48,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Performance

Hecla Mining stock opened at $5.31 on Friday. The firm’s 50 day simple moving average is $4.38 and its 200-day simple moving average is $4.35. The company has a market cap of $3.28 billion, a P/E ratio of -35.40 and a beta of 2.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.41.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. During the same period last year, the business earned $0.02 earnings per share. The business’s revenue was down 17.5% on a year-over-year basis. As a group, equities research analysts predict that Hecla Mining will post 0.02 EPS for the current year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were paid a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a yield of 0.45%. The ex-dividend date was Monday, March 11th. Hecla Mining’s payout ratio is currently -20.00%.

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.