Hecla Mining Company (NYSE:HL) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Hecla Mining Company (NYSE:HL) have received an average recommendation of “Hold” from the ten ratings firms that are presently 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 issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $21.6250.

Several analysts recently weighed in on the company. Roth Mkm set a $13.00 price target on Hecla Mining in a report on Wednesday, February 18th. Canaccord Genuity Group set a $26.50 price objective on shares of Hecla Mining in a research note on Friday, January 23rd. HC Wainwright boosted their price objective on shares of Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research report on Tuesday, January 27th. BMO Capital Markets increased their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Finally, Canadian Imperial Bank of Commerce raised their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a report on Wednesday, January 28th.

Hecla Mining Trading Up 4.2%

Shares of HL stock opened at $17.90 on Friday. The company has a market cap of $12.00 billion, a PE ratio of 36.54 and a beta of 1.22. Hecla Mining has a 1 year low of $4.46 and a 1 year high of $34.17. The stock’s 50 day simple moving average is $22.71 and its two-hundred day simple moving average is $18.10. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Investors of record on Monday, March 9th were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Monday, March 9th. Hecla Mining’s dividend payout ratio is 2.04%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Kurt Allen sold 52,219 shares of the business’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the completion of the transaction, the vice president owned 216,641 shares in the company, valued at $4,746,604.31. The trade was a 19.42% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.62% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently modified their holdings of the business. Van ECK Associates Corp boosted its holdings in Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company’s stock valued at $603,566,000 after acquiring an additional 12,197,740 shares during the period. Vanguard Group Inc. increased its stake in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after purchasing an additional 8,452,401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Hecla Mining by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company’s stock worth $284,651,000 after purchasing an additional 6,472,566 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Hecla Mining by 86.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after purchasing an additional 5,906,313 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new stake in shares of Hecla Mining during the fourth quarter valued at $88,417,000. 63.01% of the stock is owned by institutional investors.

Hecla Mining Company Profile

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.