Hecla Mining Company (NYSE:HL) Stock Has Consensus Target Price of $23.34

Key Points

• Analysts maintain a “Hold” consensus on Hecla Mining, with six hold, three buy, and one sell rating. The average 12-month price target is $23.34.
• Hecla Mining shares opened at $16.38, down 4.2%, and remain below their 50-day moving average of $18.51; the stock has traded between $11.81 and $34.17 over the past year.
• The company’s latest quarter showed 9.8% year-over-year revenue growth to $333.85 million, though earnings and revenue missed estimates. Institutional investors own 63.01% of the stock, and Hecla pays a small annualized dividend of $0.01 per share.

Hecla Mining Company (NYSE:HL - Get Free Report) has been assigned a consensus rating of "Hold" from the ten analysts that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $23.34.

HL has been the topic of several recent research reports. Royal Bank Of Canada dropped their target price on Hecla Mining from $24.00 to $20.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 16th. Scotiabank decreased their price objective on Hecla Mining from $25.00 to $21.00 and set a "sector perform" rating on the stock in a research note 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 objective on the stock. Zacks Research upgraded Hecla Mining to a "hold" rating in a research note on Friday, July 17th. Finally, Weiss Ratings raised Hecla Mining from a "hold (c)" rating to a "hold (c+)" rating in a report on Tuesday, September 8th.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds have recently bought and sold shares of HL. EFG International AG purchased a new position in shares of Hecla Mining during the second quarter worth about $36,000. International Assets Investment Management LLC increased its holdings in shares of Hecla Mining by 154.6% in the 1st quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company's stock worth $47,000 after buying an additional 1,500 shares during the last quarter. Trust Co. of Vermont bought a new position in shares of Hecla Mining in the 2nd quarter worth $39,000. Root Financial Partners LLC raised its position in shares of Hecla Mining by 26.9% during the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company's stock valued at $47,000 after buying an additional 538 shares in the last quarter. Finally, Bullseye Investment Management LLC purchased a new stake in shares of Hecla Mining during the 2nd quarter valued at $42,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Trading Down 4.2%

Shares of HL stock opened at $16.38 on Thursday. The stock has a market capitalization of $11.00 billion, a P/E ratio of 33.43 and a beta of 1.37. The firm's 50 day moving average is $18.51 and its 200 day moving average is $17.56. Hecla Mining has a 12 month low of $11.81 and a 12 month high of $34.17.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The business had revenue of $333.85 million during the quarter, compared to the consensus estimate of $368.75 million. During the same period last year, the business posted $0.09 earnings per share. The firm's quarterly revenue was up 9.8% on a year-over-year basis. On average, equities analysts predict that Hecla Mining will post 0.46 EPS for the current year.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th were issued a $0.0037 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Wednesday, August 26th. Hecla Mining's dividend payout ratio is presently 2.04%.

About Hecla Mining

Hecla Mining Company is a precious and base metals producer founded in 1891 and headquartered in Coeur d'Alene, Idaho. The company explores for, develops, and operates mines that produce silver, gold, lead, and zinc. Its silver production serves industrial, investment, and other markets, while gold and base metals contribute to its broader mining portfolio.

Hecla's operating assets have included the Greens Creek mine in southeast Alaska, the Lucky Friday mine in Idaho, the Casa Berardi mine in Quebec, and the Keno Hill silver district in Yukon, Canada.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.