Analysts Set Hecla Mining Company (NYSE:HL) Price Target at $21.63

Hecla Mining Company (NYSE:HL) has earned an average recommendation of “Hold” from the ten research firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and one has given a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.6250.

Several analysts have recently weighed in on the company. Scotiabank lifted their price objective on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a report on Monday, January 26th. Roth Mkm set a $13.00 target price on Hecla Mining in a research note on Wednesday, February 18th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a research report on Friday, January 23rd. HC Wainwright lifted their price target on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Finally, Wall Street Zen lowered shares of Hecla Mining from a “strong-buy” rating to a “buy” rating in a report on Sunday, March 29th.

Hecla Mining Stock Up 4.9%

HL stock opened at $18.97 on Thursday. Hecla Mining has a twelve month low of $4.51 and a twelve month high of $34.17. The company has a quick ratio of 2.22, a current ratio of 2.72 and a debt-to-equity ratio of 0.10. The company has a market cap of $12.72 billion, a PE ratio of 38.72 and a beta of 1.40. The business’s 50-day simple moving average is $20.30 and its 200 day simple moving average is $19.06.

Hecla Mining Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were given a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining’s payout ratio is 2.04%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Veracity Capital LLC grew its stake in shares of Hecla Mining by 4.0% in the 4th quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company’s stock valued at $211,000 after purchasing an additional 419 shares during the period. CWM LLC boosted its stake in Hecla Mining by 1.4% in the 4th quarter. CWM LLC now owns 31,853 shares of the basic materials company’s stock valued at $611,000 after buying an additional 434 shares in the last quarter. Blue Trust Inc. boosted its stake in Hecla Mining by 9.5% in the 4th quarter. Blue Trust Inc. now owns 5,786 shares of the basic materials company’s stock valued at $111,000 after buying an additional 500 shares in the last quarter. Parallel Advisors LLC grew its position in Hecla Mining by 33.9% in the fourth quarter. Parallel Advisors LLC now owns 2,011 shares of the basic materials company’s stock valued at $39,000 after acquiring an additional 509 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 631 shares during the period. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.