Hecla Mining (NYSE:HL) Upgraded by Cibc World Mkts to Hold

Cibc World Mkts upgraded shares of Hecla Mining (NYSE:HL) to a hold rating in a report published on Wednesday morning, Zacks.com reports.

HL has been the topic of several other research reports. National Bank Financial restated an outperform market weight rating on shares of Hecla Mining in a research report on Monday, April 8th. Roth Mkm increased their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. CIBC increased their price objective on Hecla Mining from $6.75 to $7.50 and gave the stock a neutral rating in a research report on Wednesday. HC Wainwright reiterated a buy rating and issued a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, May 9th. Finally, StockNews.com upgraded Hecla Mining to a sell rating in a research report on Thursday, May 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hecla Mining has an average rating of Moderate Buy and an average price target of $6.97.

Hecla Mining Price Performance

HL stock opened at $5.77 on Wednesday. The stock’s 50 day simple moving average is $5.12 and its 200 day simple moving average is $4.55. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Stockholders of record on Friday, May 24th will be given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.42%. The ex-dividend date of this dividend is Thursday, May 23rd. Hecla Mining’s dividend payout ratio is -20.00%.

Institutional Trading of Hecla Mining

Several hedge funds have recently made changes to their positions in the business. Van ECK Associates Corp grew its stake in Hecla Mining by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock worth $291,070,000 after acquiring an additional 3,827,580 shares in the last quarter. Vanguard Group Inc. grew its stake in Hecla Mining by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock worth $285,811,000 after acquiring an additional 1,506,573 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Hecla Mining by 0.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 34,919,446 shares of the basic materials company’s stock worth $167,967,000 after acquiring an additional 168,185 shares in the last quarter. Tidal Investments LLC bought a new position in Hecla Mining in the 1st quarter worth about $42,576,000. Finally, Jupiter Asset Management Ltd. grew its stake in Hecla Mining by 19.0% in the 1st quarter. Jupiter Asset Management Ltd. now owns 7,310,422 shares of the basic materials company’s stock worth $35,163,000 after acquiring an additional 1,165,256 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.