Hecla Mining Co. (HL) Cut to “Buy” at Vetr Inc.
Hecla Mining Co. (NYSE:HL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They presently have a $6.84 price target on the stock. Vetr‘s target price would indicate a potential upside of 11.40% from the company’s current price.
Other analysts have also recently issued reports about the company. Rodman & Renshaw started coverage on Hecla Mining in a research report on Tuesday, September 6th. They set a “buy” rating and a $9.00 price objective for the company. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.75 price objective for the company in a research report on Tuesday, October 11th. BMO Capital Markets reaffirmed a “buy” rating and set a $10.00 price objective on shares of Hecla Mining in a research report on Friday, August 5th. Canaccord Genuity started coverage on Hecla Mining in a research report on Tuesday, October 25th. They set a “hold” rating and a $6.00 price objective for the company. Finally, Deutsche Bank AG increased their price objective on Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $6.04.
Shares of Hecla Mining (NYSE:HL) opened at 6.14 on Tuesday. The stock’s market capitalization is $2.43 billion. The company’s 50 day moving average price is $5.89 and its 200 day moving average price is $5.57. Hecla Mining has a 12 month low of $1.45 and a 12 month high of $7.64.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, November 8th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. Hecla Mining had a positive return on equity of 4.88% and a negative net margin of 2.29%. The company earned $179.40 million during the quarter, compared to analysts’ expectations of $163.48 million. During the same period last year, the firm earned ($0.05) EPS. The firm’s revenue for the quarter was up 70.9% on a year-over-year basis. Equities analysts anticipate that Hecla Mining will post $0.19 earnings per share for the current fiscal year.
The business also recently declared 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 annualized dividend and a yield of 0.16%. The ex-dividend date of this dividend is Thursday, November 17th. Hecla Mining’s payout ratio is -24.99%.
In other Hecla Mining news, VP David C. Sienko sold 13,722 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.80% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position 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. Raymond James & Associates increased its position 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. 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 valued at $114,000 after buying an additional 57 shares during the last quarter. Strs Ohio increased its position in Hecla Mining by 174.4% in the third quarter. Strs Ohio now owns 22,500 shares of the company’s stock valued at $128,000 after buying an additional 14,300 shares during the last quarter. Finally, 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 valued at $120,000 after buying an additional 967 shares during the last quarter. 60.08% of the stock is owned by 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.
Receive News & Stock Ratings for Hecla Mining Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining Co. and related stocks with our FREE daily email newsletter.