Hecla Mining Co. (HL) Receives $6.02 Consensus PT from Analysts
Hecla Mining Co. (NYSE:HL) has received an average recommendation of “Hold” from the thirteen analysts that are currently covering the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.04.
Several equities analysts have commented on the stock. FBR & Co reiterated a “market perform” rating and set a $6.00 price objective (up previously from $5.00) on shares of Hecla Mining in a research report on Monday, August 8th. Vetr upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.84 price objective for the company in a research report on Thursday. Deutsche Bank AG raised their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a report on Tuesday, August 9th. Canaccord Genuity assumed coverage on shares of Hecla Mining in a report on Tuesday, October 25th. They issued a “hold” rating and a $6.00 target price for the company. Finally, Zacks Investment Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Tuesday, September 20th.
Hecla Mining (NYSE:HL) opened at 6.03 on Monday. Hecla Mining has a 12 month low of $1.45 and a 12 month high of $7.64. The stock’s market cap is $2.38 billion. The company’s 50 day moving average is $5.84 and its 200 day moving average is $5.46.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, November 8th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Hecla Mining had a negative net margin of 2.29% and a positive return on equity of 4.88%. The business earned $179.40 million during the quarter, compared to analyst estimates of $163.48 million. During the same quarter last year, the business earned ($0.05) earnings per share. Hecla Mining’s quarterly revenue was up 70.9% compared to the same quarter last year. On average, analysts anticipate that Hecla Mining will post $0.20 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, November 17th. Hecla Mining’s dividend payout ratio (DPR) is -24.99%.
In other Hecla Mining news, VP David C. Sienko sold 13,722 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $5.85, for a total transaction of $80,273.70. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Investors Capital Advisory Services increased its position in Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock worth $114,000 after buying an additional 57 shares during the period. Public Employees Retirement System of Ohio increased its position in Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock worth $121,000 after buying an additional 143 shares during the period. Principal Financial Group Inc. increased its position in Hecla Mining by 1.1% in the third quarter. Principal Financial Group Inc. now owns 69,994 shares of the company’s stock worth $399,000 after buying an additional 730 shares during the period. Washington Trust Bank increased its position in Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock worth $120,000 after buying an additional 967 shares during the period. Finally, ProShare Advisors LLC increased its position in Hecla Mining by 3.0% in the second quarter. ProShare Advisors LLC now owns 46,692 shares of the company’s stock worth $238,000 after buying an additional 1,357 shares during the period. 57.74% of the stock is currently owned by institutional investors and hedge funds.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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