Hecla Mining (HL) Receives Average Recommendation of “Hold” from Analysts

Shares of Hecla Mining (NYSE:HL) have been given a consensus rating of “Hold” by the ten ratings firms that are currently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $5.25.

HL has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 price objective for the company in a research report on Wednesday, January 3rd. HC Wainwright set a $9.00 price objective on shares of Hecla Mining and gave the stock a “buy” rating in a research report on Thursday, February 8th. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. BMO Capital Markets set a $5.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Royal Bank of Canada set a $5.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Tuesday, March 20th.

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Shares of HL traded down $0.06 during trading hours on Friday, hitting $3.63. 4,892,971 shares of the stock were exchanged, compared to its average volume of 5,024,793. Hecla Mining has a fifty-two week low of $3.25 and a fifty-two week high of $6.17. The company has a quick ratio of 2.37, a current ratio of 2.86 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,473.78, a PE ratio of 36.30, a price-to-earnings-growth ratio of 158.14 and a beta of 0.38.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The company had revenue of $160.10 million during the quarter, compared to analysts’ expectations of $156.85 million. During the same period in the prior year, the company posted $0.03 earnings per share. Hecla Mining’s revenue for the quarter was down 2.6% compared to the same quarter last year. sell-side analysts anticipate that Hecla Mining will post 0.02 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th were issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.28%. The ex-dividend date was Monday, March 5th. Hecla Mining’s payout ratio is 10.00%.

Large investors have recently bought and sold shares of the business. Aperio Group LLC grew its holdings in Hecla Mining by 63.4% in the fourth quarter. Aperio Group LLC now owns 121,493 shares of the basic materials company’s stock worth $482,000 after purchasing an additional 47,146 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Hecla Mining by 8.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,350,857 shares of the basic materials company’s stock worth $9,333,000 after purchasing an additional 180,876 shares during the period. Bank of New York Mellon Corp grew its holdings in Hecla Mining by 5.3% in the third quarter. Bank of New York Mellon Corp now owns 4,464,602 shares of the basic materials company’s stock worth $22,413,000 after purchasing an additional 224,827 shares during the period. Virtus Fund Advisers LLC grew its holdings in Hecla Mining by 7.7% in the fourth quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock worth $28,573,000 after purchasing an additional 515,890 shares during the period. Finally, Suntrust Banks Inc. grew its holdings in Hecla Mining by 5.5% in the fourth quarter. Suntrust Banks Inc. now owns 479,381 shares of the basic materials company’s stock worth $1,903,000 after purchasing an additional 24,846 shares during the period. Institutional investors and hedge funds own 59.98% of the company’s stock.

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About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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