Hecla Mining Company (NYSE:HL) Receives $23.82 Average Target Price from Analysts

Hecla Mining Company (NYSE:HL) has received an average rating of “Hold” from the ten research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $23.3438.

Several equities research analysts have recently weighed in on the stock. Zacks Research upgraded shares of Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Scotiabank cut their price target on shares of Hecla Mining from $25.00 to $21.00 and set a “sector perform” rating on the stock in a research report on Tuesday, July 14th. Jefferies Financial Group assumed coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 price target for the company. Weiss Ratings upgraded Hecla Mining from a “hold (c)” rating to a “hold (c+)” rating in a report on Tuesday, September 8th. Finally, Royal Bank Of Canada lowered their price objective on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. acquired a new position in shares of Hecla Mining during the 2nd quarter valued at $1,085,779,000. U S Global Investors Inc. acquired a new stake in Hecla Mining in the first quarter worth $1,397,000. Oxbow Advisors LLC acquired a new stake in Hecla Mining in the second quarter worth $7,456,000. Geode Capital Management LLC grew its holdings in Hecla Mining by 11.9% in the fourth quarter. Geode Capital Management LLC now owns 16,620,647 shares of the basic materials company’s stock worth $319,000,000 after purchasing an additional 1,770,949 shares during the period. Finally, NewEdge Advisors LLC increased its stake in Hecla Mining by 1,188.7% in the second quarter. NewEdge Advisors LLC now owns 432,889 shares of the basic materials company’s stock valued at $6,679,000 after purchasing an additional 399,298 shares in the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Price Performance

Shares of HL stock opened at $18.93 on Friday. The business’s 50 day simple moving average is $17.84 and its 200 day simple moving average is $17.87. Hecla Mining has a one year low of $10.66 and a one year high of $34.17. The stock has a market capitalization of $12.72 billion, a PE ratio of 38.64 and a beta of 1.38.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $333.85 million for the quarter, compared to the consensus estimate of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The firm’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.09 EPS. As a group, research analysts expect that Hecla Mining will post 0.46 earnings per share for the current year.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Wednesday, August 26th were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $0.01 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is currently 2.04%.

About Hecla Mining

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company focused primarily on the exploration, development, and production of silver, gold, lead, and zinc. The company sells concentrates and refined metals produced from its mining operations and also maintains a portfolio of exploration and development properties.

Founded in 1891, Hecla is one of the oldest U.S.-based mining companies. Its operating portfolio has included the Greens Creek silver, gold, lead, and zinc mine near Juneau, Alaska; the Lucky Friday silver, lead, and zinc mine in Idaho; the Keno Hill silver district in Yukon, Canada; and the Casa Berardi gold mine in Quebec, Canada.

Through these operations and related exploration activities, Hecla serves the North American metals market, with production and mineral assets located in the United States and Canada.