Hecla Mining Company (NYSE:HL) Given Consensus Rating of "Hold" by Analysts

Hecla Mining Company (NYSE:HL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the six analysts that are covering the company, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $6.92.

A number of research firms have weighed in on HL. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 target price (down previously from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. National Bank Financial raised Hecla Mining to a "hold" rating in a report on Thursday, June 12th. TD Securities reduced their target price on Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a report on Monday, May 5th. Roth Capital reaffirmed a "neutral" rating and set a $6.00 target price on shares of Hecla Mining in a report on Tuesday, July 1st. Finally, National Bankshares set a $7.00 target price on Hecla Mining in a report on Friday, June 13th.

Hecla Mining Stock Performance

NYSE HL opened at $6.13 on Tuesday. The company has a fifty day simple moving average of $5.59 and a 200 day simple moving average of $5.54. Hecla Mining has a 12-month low of $4.41 and a 12-month high of $7.68. The company has a current ratio of 1.43, a quick ratio of 0.75 and a debt-to-equity ratio of 0.25. The company has a market cap of $3.87 billion, a P/E ratio of 55.69 and a beta of 1.47.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The company had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 7.13% and a return on equity of 3.87%. Hecla Mining's revenue was up 37.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.01) earnings per share. Sell-side analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 10th. Investors of record on Friday, May 23rd were given a dividend of $0.0038 per share. The ex-dividend date was Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.24%. Hecla Mining's dividend payout ratio (DPR) is presently 9.09%.

Insider Transactions at Hecla Mining

In other news, Director Catherine J. Boggs bought 20,000 shares of the stock in a transaction on Wednesday, May 7th. The shares were bought at an average price of $4.99 per share, with a total value of $99,800.00. Following the completion of the acquisition, the director owned 348,169 shares in the company, valued at $1,737,363.31. The trade was a 6.09% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Stuart Maurice Absolom sold 18,926 shares of the 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 completion of the transaction, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. This represents a 24.16% decrease in their position. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of Hecla Mining by 7.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock worth $35,453,000 after buying an additional 502,094 shares during the period. Raymond James Financial Inc. bought a new stake in Hecla Mining during the 4th quarter valued at approximately $1,640,000. JPMorgan Chase & Co. raised its stake in Hecla Mining by 20.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,189,473 shares of the basic materials company's stock valued at $20,570,000 after purchasing an additional 707,712 shares during the period. Vanguard Group Inc. raised its stake in Hecla Mining by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company's stock valued at $301,440,000 after purchasing an additional 774,000 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Hecla Mining by 8.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company's stock valued at $7,752,000 after purchasing an additional 127,756 shares during the period. Institutional investors own 63.01% of the company's stock.

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.

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