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

Key Points

• Hecla Mining has a consensus analyst rating of “Hold” from nine brokerages, with one sell, six hold, and two buy ratings. The average 12-month price target is $22.25.
• The company recently reported Q1 earnings of $0.24 per share, missing estimates of $0.27, though revenue of $411.43 million slightly topped expectations and rose 57.4% year over year.
• Hecla Mining also announced a quarterly dividend of $0.0038 per share, payable June 10, for an annualized yield of about 0.1%.

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have been assigned an average rating of "Hold" from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $22.25.

Several equities research analysts recently issued reports on HL shares. Scotiabank upped their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th. Canadian Imperial Bank of Commerce upped their price target on Hecla Mining from $27.00 to $32.00 and gave the stock a "neutral" rating in a report on Wednesday, January 28th. BMO Capital Markets upped their price target on Hecla Mining from $16.00 to $28.00 and gave the stock a "market perform" rating in a report on Tuesday, January 27th. Roth Mkm set a $13.00 price target on Hecla Mining in a report on Wednesday, February 18th. Finally, Wall Street Zen cut shares of Hecla Mining from a "buy" rating to a "hold" rating in a report on Saturday.

Hecla Mining Trading Up 0.0%

HL opened at $18.61 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. Hecla Mining has a fifty-two week low of $4.68 and a fifty-two week high of $34.17. The firm has a market capitalization of $12.48 billion, a PE ratio of 45.40 and a beta of 1.26. The company's 50-day moving average is $19.47 and its 200 day moving average is $19.40.

Hecla Mining (NYSE:HL - Get Free Report) last posted its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts' consensus estimates of $0.27 by ($0.03). Hecla Mining had a return on equity of 16.89% and a net margin of 17.41%.The business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same quarter in the prior year, the company earned $0.04 EPS. The company's revenue was up 57.4% on a year-over-year basis. As a group, research analysts predict that Hecla Mining will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Investors of record on Friday, May 22nd will be issued a dividend of $0.0038 per share. The ex-dividend date is Friday, May 22nd. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining's payout ratio is 2.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Hecla Mining by 32.4% during the third quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company's stock worth $603,566,000 after acquiring an additional 12,197,740 shares during the period. Vanguard Group Inc. lifted its holdings in Hecla Mining by 13.4% during the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company's stock worth $863,324,000 after acquiring an additional 8,452,401 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Hecla Mining by 38.0% during the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company's stock worth $284,651,000 after acquiring an additional 6,472,566 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Hecla Mining by 86.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company's stock worth $244,003,000 after acquiring an additional 5,906,313 shares during the period. Finally, Jupiter Asset Management Ltd. bought a new stake in Hecla Mining during the fourth quarter worth $88,417,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d'Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d'Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company's principal operations are located in North America and Latin America.

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