Brokerages Set Hecla Mining Company (NYSE:HL) Target Price at $7.36

Key Points

• Hecla Mining Company has received an average analyst recommendation of "Hold", with five analysts rating it as a hold and two as a buy.
• The average twelve-month price objective set by analysts for Hecla Mining is $7.36, with some recent target price adjustments indicating a potential for growth.
• The company reported a surge in revenue of 23.8% year-over-year, reaching $304.03 million in its most recent quarterly earnings.

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have earned a consensus recommendation of "Hold" from the seven ratings firms that are covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.3571.

A number of brokerages have commented on HL. HC Wainwright lifted their price objective on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a research note on Thursday, August 7th. Roth Capital reissued a "neutral" rating on shares of Hecla Mining in a research note on Thursday. CIBC upped their price target on shares of Hecla Mining from $7.50 to $8.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. TD Securities decreased their price objective on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research note on Monday, May 5th. Finally, National Bankshares set a $7.00 target price on Hecla Mining in a research report on Friday, June 13th.

Insider Buying and Selling

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president directly owned 59,410 shares in the company, valued at $395,670.60. This represents a 24.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hecla Mining

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC raised its holdings in shares of Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock valued at $77,999,000 after purchasing an additional 7,960,826 shares in the last quarter. Pale Fire Capital SE bought a new stake in shares of Hecla Mining in the 1st quarter valued at about $41,360,000. Nuveen LLC bought a new stake in shares of Hecla Mining in the 1st quarter valued at about $18,410,000. Marshall Wace LLP raised its holdings in shares of Hecla Mining by 182.4% in the 4th quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company's stock valued at $24,580,000 after purchasing an additional 3,233,116 shares in the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Hecla Mining by 869.3% in the 1st quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company's stock valued at $18,204,000 after purchasing an additional 2,936,288 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Price Performance

Shares of NYSE:HL traded up $0.11 on Friday, reaching $7.66. The company's stock had a trading volume of 13,775,166 shares, compared to its average volume of 21,106,109. Hecla Mining has a 52-week low of $4.46 and a 52-week high of $7.77. The company has a market cap of $5.13 billion, a P/E ratio of 48.03 and a beta of 1.27. The company has a 50-day simple moving average of $6.09 and a 200 day simple moving average of $5.68. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, topping analysts' consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The business had revenue of $304.03 million during the quarter, compared to analysts' expectations of $248.93 million. During the same period last year, the company posted $0.02 EPS. The business's revenue was up 23.8% on a year-over-year basis. As a group, equities research analysts anticipate that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Shareholders of record on Friday, August 22nd will be paid a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Friday, August 22nd. Hecla Mining's dividend payout ratio is currently 6.25%.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.