Hecla Mining’s (HL) Buy Rating Reiterated at HC Wainwright

HC Wainwright reiterated their buy rating on shares of Hecla Mining (NYSE:HL) in a research note published on Friday morning,Benzinga reports. HC Wainwright currently has a $11.50 price objective on the basic materials company’s stock.

Several other research analysts have also issued reports on the stock. TD Securities decreased 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. National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report 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. One analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $8.25.

Hecla Mining Price Performance

NYSE HL opened at $5.43 on Friday. Hecla Mining has a 12 month low of $3.40 and a 12 month 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. The firm has a market capitalization of $3.41 billion, a PE ratio of -135.63 and a beta of 1.91. The company’s 50 day simple moving average is $5.44 and its 200 day simple moving average is $5.86.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). The company had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. As a group, equities research analysts forecast that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date is Monday, March 10th. Hecla Mining’s dividend payout ratio is 20.00%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. acquired a new position in Hecla Mining in the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. acquired a new stake in shares of Hecla Mining during the 4th quarter valued at $25,000. GAMMA Investing LLC boosted its stake in shares of Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after buying an additional 4,438 shares during the period. Principal Securities Inc. acquired a new stake in shares of Hecla Mining during the 4th quarter valued at $25,000. Finally, Blue Trust Inc. boosted its stake in shares of Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Hecla Mining

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.