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

Hecla Mining (NYSE:HLGet Free Report) has received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, three have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $7.94.

Several brokerages have weighed in on HL. StockNews.com downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. 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, TD Securities lowered their target price on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research note on Friday, November 8th.

Check Out Our Latest Stock Analysis on HL

Hecla Mining Stock Performance

HL stock opened at $5.39 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of -134.68 and a beta of 1.91. The firm has a 50-day simple moving average of $5.36 and a two-hundred day simple moving average of $5.86. Hecla Mining has a one year low of $3.33 and a one year high of $7.68.

Hecla Mining (NYSE:HLGet Free Report) last released its earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 34.7% on a year-over-year basis. During the same period last year, the business earned ($0.01) EPS. On average, equities analysts forecast that Hecla Mining will post 0.06 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Investors of record on Thursday, November 21st were given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.02%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is -125.00%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Hecla Mining in the 3rd quarter valued at approximately $28,000. GAMMA Investing LLC raised its position in Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 4,438 shares during the period. Sound Income Strategies LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at $49,000. GFG Capital LLC purchased a new position in shares of Hecla Mining during the 3rd quarter worth $67,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth $49,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Hecla Mining

(Get Free Report

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.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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