Hecla Mining Company (NYSE:HL) Receives Consensus Rating of "Hold" from Brokerages

Key Points

• Hecla Mining Company (NYSE:HL) has received a consensus recommendation of "Hold" from seven research firms, with five analysts rating the stock as a hold and two as a buy.
• The company reported a 23.8% increase in revenue year-over-year, reaching $304.03 million, and earnings per share of $0.08 for the latest quarter, surpassing analysts' expectations.
• Hecla Mining announced a quarterly dividend of $0.0038 per share, translating to an annualized yield of 0.2%, with the ex-dividend date set for August 22nd.

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have been given an average recommendation of "Hold" by the seven research firms that are presently covering the company, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $7.3571.

Several brokerages have commented on HL. Wall Street Zen raised Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. HC Wainwright boosted their price target on Hecla Mining from $11.50 to $12.50 and gave the company a "buy" rating in a research note on Thursday, August 7th. Roth Capital reiterated a "neutral" rating on shares of Hecla Mining in a research note on Thursday, August 7th. BMO Capital Markets boosted their price target on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Finally, National Bankshares set a $7.00 price objective on Hecla Mining in a report on Friday, June 13th.

Hecla Mining Price Performance

Shares of HL stock traded up $0.18 during trading hours on Wednesday, hitting $9.03. 22,721,614 shares of the company's stock were exchanged, compared to its average volume of 21,034,068. The company has a market capitalization of $6.05 billion, a PE ratio of 56.41 and a beta of 1.29. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $9.12. The business's 50 day simple moving average is $6.83 and its 200-day simple moving average is $5.96. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23.

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

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.2%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining's dividend payout ratio is 6.25%.

Institutional Trading of Hecla Mining

Several institutional investors and hedge funds have recently made changes to their positions in HL. Tidal Investments LLC lifted its position in shares of Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after purchasing an additional 7,960,826 shares during the last quarter. Pale Fire Capital SE bought a new stake in shares of Hecla Mining in the first quarter valued at about $41,360,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Hecla Mining by 40.6% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company's stock valued at $102,144,000 after acquiring an additional 4,928,130 shares in the last quarter. Nuveen LLC bought a new stake in shares of Hecla Mining in the first quarter valued at about $18,410,000. Finally, MetLife Investment Management LLC raised its holdings in shares of Hecla Mining by 869.3% in the first quarter. MetLife Investment Management LLC now owns 3,274,065 shares of the basic materials company's stock valued at $18,204,000 after acquiring an additional 2,936,288 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.