Zacks Investment Research upgraded shares of Hecla Mining (NYSE:HL) from a sell rating to a hold rating in a research report report published on Thursday, March 15th.
According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “
Other analysts have also issued reports about the company. HC Wainwright set a $9.00 target price on Hecla Mining and gave the stock a buy rating in a research report on Thursday, February 8th. B. Riley upgraded Hecla Mining from a neutral rating to a buy rating and set a $5.00 price target for the company in a research note on Thursday, November 30th. ValuEngine downgraded Hecla Mining from a hold rating to a sell rating in a research note on Friday, February 2nd. BMO Capital Markets set a $5.00 target price on Hecla Mining and gave the company a hold rating in a research note on Thursday, February 15th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $5.00 price target on shares of Hecla Mining in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $5.14.
Shares of HL stock traded down $0.06 during mid-day trading on Thursday, hitting $3.63. 4,892,971 shares of the company’s 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 capitalization of $1,449.81, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 155.57 and a beta of 0.38.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the company posted $0.03 EPS. analysts anticipate that Hecla Mining will post 0.02 earnings per share 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. The ex-dividend date of this dividend was Monday, March 5th. This represents a $0.01 annualized dividend and a dividend yield of 0.28%. Hecla Mining’s dividend payout ratio is currently 10.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of HL. Ameriprise Financial Inc. increased its holdings in shares of Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after buying an additional 3,143 shares in the last quarter. Canada Pension Plan Investment Board grew its position in Hecla Mining by 14.0% during the 3rd quarter. Canada Pension Plan Investment Board now owns 537,100 shares of the basic materials company’s stock worth $2,696,000 after purchasing an additional 66,000 shares in the last quarter. New York State Common Retirement Fund grew its position in Hecla Mining by 4.5% during the 3rd quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock worth $2,112,000 after purchasing an additional 18,200 shares in the last quarter. Bank of New York Mellon Corp grew its position in Hecla Mining by 5.3% during the 3rd 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 in the last quarter. Finally, SG Americas Securities LLC grew its position in Hecla Mining by 37.0% during the 3rd quarter. SG Americas Securities LLC now owns 200,417 shares of the basic materials company’s stock worth $1,006,000 after purchasing an additional 54,147 shares in the last quarter. 59.98% of the stock is currently owned by institutional investors.
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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.
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