Hecla Mining (NYSE:HL) Receives $7.94 Average Target Price from Brokerages

Hecla Mining (NYSE:HL) has earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $7.94.

A number of equities research analysts have recently issued reports on HL shares. TD Securities lowered their price target on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th.

Hecla Mining Trading Down 1.8 %

Shares of HL stock opened at $5.01 on Friday. The stock has a market capitalization of $3.15 billion, a price-to-earnings ratio of -125.25 and a beta of 1.92. The company’s fifty day simple moving average is $5.81 and its two-hundred day simple moving average is $5.84. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $7.68. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The company had revenue of $245.09 million for the quarter, compared to analyst estimates of $232.03 million. During the same period in the previous year, the company posted ($0.01) EPS. The firm’s revenue for the quarter was up 34.7% compared to the same quarter last year. As a group, analysts anticipate that Hecla Mining will post 0.06 earnings per share for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st were paid a $0.0138 dividend. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.10%. Hecla Mining’s dividend payout ratio is presently -125.00%.

Institutional Investors Weigh In On Hecla Mining

Several hedge funds have recently added to or reduced their stakes in the company. Encompass Capital Advisors LLC purchased a new stake in shares of Hecla Mining in the 2nd quarter valued at $19,714,000. Van ECK Associates Corp boosted its position in Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after buying an additional 2,238,559 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Hecla Mining during the third quarter valued at about $14,623,000. FMR LLC increased its holdings in shares of Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock worth $36,258,000 after buying an additional 1,842,991 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Hecla Mining in the 2nd quarter valued at about $6,280,000. Institutional investors own 63.01% of the company’s stock.

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.