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

Hecla Mining logo with Basic Materials background

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have been given an average recommendation of "Hold" by the seven brokerages that are covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $7.07.

Several equities research analysts recently issued reports on the stock. CIBC raised their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a research report on Tuesday. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a research report on Thursday, June 12th. Roth Capital reaffirmed a "neutral" rating and set a $6.00 price target on shares of Hecla Mining in a research report on Tuesday, July 1st. TD Securities reduced their price target on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating on the stock in a research report on Monday, May 5th. Finally, BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th.

Read Our Latest Stock Report on Hecla Mining

Hecla Mining Trading Down 1.6%

Shares of HL traded down $0.10 during mid-day trading on Tuesday, hitting $5.86. The company had a trading volume of 7,897,862 shares, compared to its average volume of 16,256,206. The business's 50-day simple moving average is $5.69 and its 200-day simple moving average is $5.56. The company has a quick ratio of 0.75, a current ratio of 1.43 and a debt-to-equity ratio of 0.25. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The stock has a market cap of $3.70 billion, a PE ratio of 53.14 and a beta of 1.47.

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

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd were paid a dividend of $0.0038 per share. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.26%. Hecla Mining's payout ratio is 9.09%.

Insider Buying and Selling at Hecla Mining

In other news, Director Catherine J. Boggs purchased 20,000 shares of Hecla Mining stock in a transaction dated Wednesday, May 7th. The stock was 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stuart Maurice Absolom sold 18,926 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $6.66, for a total transaction of $126,047.16. Following the completion of the sale, the vice president directly owned 59,410 shares of the company's stock, valued at $395,670.60. The trade was a 24.16% decrease in their position. The disclosure for this sale can be found here. 0.62% of the stock is owned by insiders.

Institutional Investors Weigh In On Hecla Mining

Institutional investors have recently bought and sold shares of the stock. Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 502,094 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $207,000. Raymond James Financial Inc. acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $1,640,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hecla Mining by 24.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 202,867 shares of the basic materials company's stock valued at $996,000 after purchasing an additional 40,493 shares during the period. Finally, HighTower Advisors LLC increased its holdings in shares of Hecla Mining by 421.0% in the 4th quarter. HighTower Advisors LLC now owns 140,619 shares of the basic materials company's stock valued at $690,000 after purchasing an additional 113,631 shares during the period. Institutional investors and hedge funds own 63.01% of the company's stock.

About Hecla Mining

(Get Free Report

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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