Hecla Mining Co. (NYSE:HL) was downgraded by analysts at Vetr from a “strong-buy” rating to a “buy” rating in a research report issued on Wednesday. They presently have a $6.84 price objective on the stock. Vetr‘s target price would suggest a potential upside of 14.19% from the company’s current price.

A number of other analysts have also recently weighed in on HL. FBR & Co boosted their price objective on shares of Hecla Mining from $4.00 to $5.00 and gave the stock a “mkt perform” rating in a research note on Wednesday, July 20th. BMO Capital Markets restated a “buy” rating and issued a $10.00 price objective on shares of Hecla Mining in a research note on Friday, August 5th. JPMorgan Chase & Co. upgraded shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price objective for the company in a research note on Tuesday, August 9th. Deutsche Bank AG boosted their price objective on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. Finally, Rodman & Renshaw initiated coverage on shares of Hecla Mining in a research note on Tuesday, September 6th. They issued a “buy” rating and a $9.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $6.04.

Analyst Recommendations for Hecla Mining (NYSE:HL)

Hecla Mining (NYSE:HL) opened at 5.99 on Wednesday. Hecla Mining has a 12-month low of $1.45 and a 12-month high of $7.64. The stock has a 50 day moving average of $5.87 and a 200 day moving average of $5.52. The firm’s market capitalization is $2.37 billion.

Hecla Mining (NYSE:HL) last posted its earnings results on Tuesday, November 8th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.01. The firm earned $179.40 million during the quarter, compared to analysts’ expectations of $163.48 million. Hecla Mining had a negative net margin of 2.29% and a positive return on equity of 4.88%. The company’s revenue was up 70.9% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.05) earnings per share. Equities research analysts anticipate that Hecla Mining will post $0.19 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 2nd. Shareholders of record on Monday, November 21st will be issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a yield of 0.17%. The ex-dividend date is Thursday, November 17th. Hecla Mining’s dividend payout ratio (DPR) is presently -24.99%.

In other Hecla Mining news, VP David C. Sienko sold 13,722 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $5.85, for a total value of $80,273.70. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Raymond James & Associates raised its stake in Hecla Mining by 88.8% in the second quarter. Raymond James & Associates now owns 20,780 shares of the company’s stock valued at $106,000 after buying an additional 9,776 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Hecla Mining by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,995 shares of the company’s stock valued at $108,000 after buying an additional 1,365 shares during the last quarter. Investors Capital Advisory Services raised its stake in Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock valued at $114,000 after buying an additional 57 shares during the last quarter. Washington Trust Bank raised its stake in Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock valued at $120,000 after buying an additional 967 shares during the last quarter. Finally, Public Employees Retirement System of Ohio raised its stake 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 valued at $121,000 after buying an additional 143 shares during the last quarter. 57.95% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NYSE:HL

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