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

Shares of Hecla Mining (NYSE:HL) have been given a consensus rating of “Moderate Buy” by the seven analysts that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $7.94.

A number of research firms recently commented on HL. National Bank Financial downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. TD Securities decreased their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th.

Hedge Funds Weigh In On Hecla Mining

Large investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new position in Hecla Mining in the 3rd quarter valued at $28,000. Sound Income Strategies LLC purchased a new position in Hecla Mining in the third quarter valued at about $49,000. Innealta Capital LLC purchased a new position in shares of Hecla Mining in the 2nd quarter worth approximately $41,000. GFG Capital LLC purchased a new position in Hecla Mining during the 3rd quarter worth $67,000. Finally, Captrust Financial Advisors acquired a new stake in Hecla Mining in the 3rd quarter worth approximately $71,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Trading Up 0.6 %

Shares of HL opened at $5.10 on Friday. The firm has a market cap of $3.20 billion, a P/E ratio of -127.50 and a beta of 1.92. 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 has a 1 year low of $3.33 and a 1 year high of $7.68. The company has a 50 day simple moving average of $5.85 and a two-hundred day simple moving average of $5.84.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.01. The company had revenue of $245.09 million during the quarter, compared to analysts’ expectations of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. Hecla Mining’s quarterly revenue was up 34.7% on a year-over-year basis. During the same period last year, the company posted ($0.01) earnings per share. On average, equities analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were issued a dividend of $0.0138 per share. The ex-dividend date of this dividend was Thursday, November 21st. This represents a $0.06 annualized dividend and a yield of 1.08%. Hecla Mining’s payout ratio is presently -125.00%.

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.