Hecla Mining (NYSE:HL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Hecla Mining (NYSE:HL) have been assigned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $7.94.

Several analysts recently issued reports on the stock. HC Wainwright reaffirmed a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research note on Thursday, August 8th. Roth Mkm reduced their price objective 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. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, October 17th. 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 research report on Friday, November 8th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th.

Hecla Mining Trading Up 0.5 %

Shares of Hecla Mining stock opened at $5.52 on Monday. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The firm has a market capitalization of $3.47 billion, a PE ratio of -138.00 and a beta of 2.00. The firm’s 50-day moving average price is $6.35 and its 200 day moving average price is $5.89.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s revenue for the quarter was up 34.7% on a year-over-year basis. On average, sell-side analysts predict that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 4th. Shareholders of record on Thursday, November 21st will be given a $0.0138 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $0.06 dividend on an annualized basis and a yield of 1.00%. Hecla Mining’s payout ratio is currently -125.00%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. This represents a 38.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

Institutional investors have recently modified their holdings of the company. CANADA LIFE ASSURANCE Co boosted its holdings in Hecla Mining by 139.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 137,864 shares of the basic materials company’s stock valued at $664,000 after acquiring an additional 80,311 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Hecla Mining by 5.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 450,178 shares of the basic materials company’s stock valued at $2,166,000 after purchasing an additional 22,782 shares in the last quarter. Comerica Bank increased its stake in Hecla Mining by 159,629.7% during the 1st quarter. Comerica Bank now owns 424,881 shares of the basic materials company’s stock worth $2,044,000 after buying an additional 424,615 shares during the period. Cetera Advisors LLC lifted its holdings in Hecla Mining by 48.9% during the 1st quarter. Cetera Advisors LLC now owns 15,532 shares of the basic materials company’s stock worth $75,000 after buying an additional 5,104 shares in the last quarter. Finally, SG Americas Securities LLC boosted its position in Hecla Mining by 261.2% in the 2nd quarter. SG Americas Securities LLC now owns 141,600 shares of the basic materials company’s stock valued at $687,000 after buying an additional 102,392 shares during the period. 63.01% of the stock is 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.