HC Wainwright set a $7.00 target price on Hecla Mining (NYSE:HL) in a research note released on Friday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other research analysts also recently issued reports on the company. BMO Capital Markets restated a hold rating and set a $3.50 price target (down previously from $4.00) on shares of Hecla Mining in a research note on Thursday. Zacks Investment Research upgraded Hecla Mining from a sell rating to a hold rating in a research note on Tuesday. JPMorgan Chase & Co. restated an overweight rating and set a $6.00 price target on shares of Hecla Mining in a research note on Tuesday, July 24th. Canaccord Genuity downgraded Hecla Mining from a buy rating to a hold rating and set a $3.75 price target on the stock. in a research note on Friday, July 13th. Finally, ValuEngine cut Hecla Mining from a hold rating to a sell rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $4.84.

Hecla Mining traded down $0.08, reaching $3.03, during mid-day trading on Friday, Marketbeat Ratings reports. 3,788,201 shares of the stock were exchanged, compared to its average volume of 6,018,071. The company has a market capitalization of $1.15 billion, a PE ratio of 30.30, a P/E/G ratio of 53.81 and a beta of 0.15. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.36. Hecla Mining has a 1 year low of $2.85 and a 1 year high of $5.54.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $147.30 million for the quarter, compared to the consensus estimate of $143.33 million. Hecla Mining had a positive return on equity of 1.66% and a negative net margin of 7.32%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) EPS. sell-side analysts anticipate that Hecla Mining will post 0.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 24th will be given a dividend of $0.0025 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.01 dividend on an annualized basis and a yield of 0.33%. Hecla Mining’s payout ratio is 10.00%.

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its position in Hecla Mining by 23.7% during the 4th quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock worth $484,000 after acquiring an additional 23,306 shares during the period. Suntrust Banks Inc. lifted its position in Hecla Mining by 12.8% during the 1st quarter. Suntrust Banks Inc. now owns 540,800 shares of the basic materials company’s stock worth $1,984,000 after acquiring an additional 61,419 shares during the period. TIAA CREF Investment Management LLC lifted its position in Hecla Mining by 29.1% during the 4th quarter. TIAA CREF Investment Management LLC now owns 1,419,693 shares of the basic materials company’s stock worth $5,636,000 after acquiring an additional 319,706 shares during the period. Van ECK Associates Corp lifted its position in Hecla Mining by 2.4% during the 1st quarter. Van ECK Associates Corp now owns 41,746,917 shares of the basic materials company’s stock worth $153,211,000 after acquiring an additional 960,494 shares during the period. Finally, Swiss National Bank lifted its position in Hecla Mining by 4.5% during the 1st quarter. Swiss National Bank now owns 694,637 shares of the basic materials company’s stock worth $2,549,000 after acquiring an additional 29,600 shares during the period. 60.65% of the stock is owned by institutional investors.

Hecla Mining Company Profile

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.

Recommended Story: Investing in Dividend Stocks

Analyst Recommendations for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.