Hecla Mining (NYSE:HL) Receives $6.68 Consensus Price Target from Analysts

Hecla Mining (NYSE:HL) has received an average recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $6.68.

HL has been the topic of a number of recent research reports. Roth Mkm upped their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a research report on Monday, April 8th. Finally, StockNews.com raised shares of Hecla Mining to a “sell” rating in a research report on Wednesday, April 10th.

Hecla Mining Stock Performance

NYSE:HL opened at $5.25 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.30. The stock has a market cap of $3.24 billion, a PE ratio of -34.96 and a beta of 2.20. The firm’s fifty day simple moving average is $4.45 and its 200-day simple moving average is $4.37.

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

Hecla Mining Dividend Announcement

The company also recently disclosed 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 0.46%. The ex-dividend date of this dividend was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is presently -20.00%.

Institutional Investors Weigh In On Hecla Mining

Hedge funds have recently added to or reduced their stakes in the stock. Byrne Asset Management LLC acquired a new position in Hecla Mining during the first quarter worth about $34,000. Advisor Partners II LLC acquired a new stake in Hecla Mining during the 3rd quarter worth about $52,000. Cornerstone Wealth Management LLC acquired a new stake in Hecla Mining during the 4th quarter worth about $72,000. SG Americas Securities LLC bought a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $76,000. Finally, ORG Partners LLC grew its stake in shares of Hecla Mining by 1,172.3% in the 4th quarter. ORG Partners LLC now owns 17,812 shares of the basic materials company’s stock valued at $86,000 after buying an additional 16,412 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.