Hecla Mining Company (NYSE:HL) Given Average Rating of "Hold" by Brokerages

Key Points

• Hecla Mining has a consensus “Hold” rating from eight brokerages: five holds, two buys and one sell. The average 12-month price target is $24.13.
• Institutional investors own 63.01% of the company’s stock, with several funds recently increasing their positions.
• Hecla reported quarterly EPS of $0.17, slightly below the $0.18 estimate, while revenue of $333.85 million also missed expectations despite rising 9.8% year over year.

Hecla Mining Company (NYSE:HL - Get Free Report) has been given a consensus rating of "Hold" by the eight brokerages that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $24.1250.

HL has been the topic of several recent research reports. Scotiabank cut their price target on Hecla Mining from $25.00 to $21.00 and set a "sector perform" rating on the stock in a report on Tuesday, July 14th. Zacks Research upgraded shares of Hecla Mining to a "hold" rating in a report on Friday, July 17th. Canaccord Genuity Group raised Hecla Mining from a "hold" rating to a "buy" rating and set a $24.00 price objective on the stock in a research report on Wednesday, April 29th. HC Wainwright cut their price target on Hecla Mining from $36.50 to $26.75 and set a "buy" rating for the company in a report on Wednesday, May 6th. Finally, Weiss Ratings upgraded Hecla Mining from a "hold (c-)" rating to a "hold (c)" rating in a research report on Wednesday, August 5th.

Institutional Trading of Hecla Mining

Several hedge funds and other institutional investors have recently bought and sold shares of HL. Veracity Capital LLC grew its stake in Hecla Mining by 4.0% in the fourth quarter. Veracity Capital LLC now owns 11,005 shares of the basic materials company's stock worth $211,000 after purchasing an additional 419 shares during the period. CWM LLC increased its stake in Hecla Mining by 1.4% during the 4th quarter. CWM LLC now owns 31,853 shares of the basic materials company's stock valued at $611,000 after purchasing an additional 434 shares in the last quarter. Parallel Advisors LLC increased its position in shares of Hecla Mining by 33.9% during 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 in the last quarter. Root Financial Partners LLC raised its stake in shares of Hecla Mining by 26.9% in the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company's stock worth $47,000 after purchasing an additional 538 shares during the last quarter. Finally, Quadrant Capital Group LLC raised its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company's stock worth $28,000 after buying an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Down 4.7%

HL stock opened at $17.94 on Wednesday. The firm has a market cap of $12.05 billion, a price-to-earnings ratio of 36.62 and a beta of 1.32. The company's fifty day simple moving average is $15.78 and its 200 day simple moving average is $18.31. Hecla Mining has a 12-month low of $7.40 and a 12-month high of $34.17.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results 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). The business had revenue of $333.85 million for the quarter, compared to analyst estimates of $368.75 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%.The company's revenue for the quarter was up 9.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.09 EPS. Research analysts expect that Hecla Mining will post 0.47 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Stockholders of record on Wednesday, August 26th will be issued a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Wednesday, August 26th. Hecla Mining's payout ratio is currently 2.04%.

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.

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