Shares of Hecla Mining (NYSE:HL) have been assigned an average recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $5.14.
Several equities research analysts recently issued reports on HL shares. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. HC Wainwright set a $9.00 target price on shares of Hecla Mining and gave the stock a “buy” rating in a report on Thursday, February 8th. Zacks Investment Research upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Thursday, February 8th. BMO Capital Markets set a $5.00 target price on shares of Hecla Mining and gave the stock a “hold” rating in a report on Thursday, February 15th. Finally, Royal Bank of Canada set a $5.00 target price on shares of Hecla Mining and gave the stock a “hold” rating in a report on Tuesday, March 20th.
HL stock traded down $0.01 on Friday, hitting $3.96. The company had a trading volume of 3,551,697 shares, compared to its average volume of 4,441,965. Hecla Mining has a 12-month low of $3.25 and a 12-month high of $6.10. The company has a current ratio of 3.16, a quick ratio of 2.62 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.59 billion, a P/E ratio of 39.60, a P/E/G ratio of 62.53 and a beta of 0.40.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, May 10th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 7.32% and a positive return on equity of 1.66%. The company had revenue of $139.70 million for the quarter, compared to analysts’ expectations of $139.63 million. During the same quarter last year, the company posted $0.04 earnings per share. The firm’s quarterly revenue was down 2.0% on a year-over-year basis. equities analysts predict that Hecla Mining will post 0.06 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 4th. Stockholders of record on Thursday, May 24th will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. The ex-dividend date is Wednesday, May 23rd. This is a boost from Hecla Mining’s previous quarterly dividend of $0.00. Hecla Mining’s dividend payout ratio (DPR) is currently 10.00%.
Institutional investors have recently modified their holdings of the company. First Allied Advisory Services Inc. purchased a new position in shares of Hecla Mining during the 4th quarter worth $108,000. Financial Advocates Investment Management purchased a new position in shares of Hecla Mining during the 1st quarter worth $103,000. Stone Ridge Asset Management LLC purchased a new position in shares of Hecla Mining during the 4th quarter worth $146,000. Xact Kapitalforvaltning AB purchased a new position in shares of Hecla Mining during the 4th quarter worth $180,000. Finally, Two Sigma Investments LP purchased a new position in shares of Hecla Mining during the 4th quarter worth $192,000. Institutional investors and hedge funds own 61.10% of the company’s stock.
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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