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

Key Points

• The consensus rating for Hecla Mining Company (NYSE:HL) is "Hold" from eight analysts, with one sell, five hold, and two buy ratings, and a 12-month price objective averaging $8.75.
• Hecla Mining reported a quarterly earnings per share of $0.08, exceeding estimates and reflecting an annual revenue increase of 23.8% compared to the previous year.
• The company recently announced a quarterly dividend of $0.0038 per share, representing an annualized dividend of $0.02 and a yield of 0.1%.

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have received a consensus rating of "Hold" from the eight ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $8.75.

A number of research analysts recently weighed in on HL shares. BMO Capital Markets raised their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the company a "market perform" rating in a research report on Thursday, August 7th. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research note on Saturday, August 9th. Roth Capital set a $8.75 target price on shares of Hecla Mining and gave the stock a "sell" rating in a research note on Friday, October 3rd. 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. Finally, CIBC lifted their price objective on shares of Hecla Mining from $12.50 to $15.00 and gave the stock a "neutral" rating in a research note on Friday, October 10th.

Insider Activity at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the transaction, the vice president directly owned 73,200 shares in the company, valued at approximately $826,428. The trade was a 16.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.62% of the company's stock.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors have recently added to or reduced their stakes in HL. Wealth Enhancement Advisory Services LLC grew its holdings in Hecla Mining by 31.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 24,735 shares of the basic materials company's stock worth $138,000 after acquiring an additional 5,852 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Hecla Mining in the 1st quarter valued at $56,000. Cambridge Investment Research Advisors Inc. lifted its position in shares of Hecla Mining by 9.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 175,196 shares of the basic materials company's stock valued at $974,000 after acquiring an additional 14,853 shares during the period. Continuum Advisory LLC lifted its position in shares of Hecla Mining by 117.6% during the 1st quarter. Continuum Advisory LLC now owns 11,574 shares of the basic materials company's stock valued at $64,000 after acquiring an additional 6,255 shares during the period. Finally, Westfuller Advisors LLC acquired a new position in shares of Hecla Mining during the 1st quarter valued at $82,000. 63.01% of the stock is owned by institutional investors.

Hecla Mining Trading Up 1.3%

Shares of NYSE:HL opened at $12.98 on Thursday. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $15.44. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The company's fifty day simple moving average is $10.77 and its 200 day simple moving average is $7.49. The firm has a market cap of $8.69 billion, a price-to-earnings ratio of 81.10 and a beta of 1.31.

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

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, September 4th. Stockholders of record on Friday, August 22nd were given a $0.0038 dividend. The ex-dividend date was Friday, August 22nd. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. Hecla Mining's payout ratio is presently 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.

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