Hecla Mining Company (NYSE:HL) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give Hecla Mining an average "Hold" rating across 10 firms (1 sell, 8 hold, 1 buy) with a 1‑year average price target of $21.63.
• Large institutional buying has increased stakes—VanEck, Vanguard, MIRAE, Arrowstreet and Jupiter all grew positions—leaving institutions with roughly 63.01% ownership.
• Shares opened at $19.14 (1‑year range $4.51–$34.17) with a market cap of $12.83B and a PE of 39.06, and the company pays a very small quarterly dividend (annualized $0.02, 0.1% yield).

Shares of Hecla Mining Company (NYSE:HL - Get Free Report) have received an average rating of "Hold" from the ten research firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $21.6250.

HL has been the topic of several research reports. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Hecla Mining in a research report on Monday, December 29th. Wall Street Zen downgraded Hecla Mining from a "strong-buy" rating to a "buy" rating in a research note on Sunday, March 29th. Canaccord Genuity Group set a $26.50 price objective on Hecla Mining in a report on Friday, January 23rd. Canadian Imperial Bank of Commerce increased their price objective on Hecla Mining from $27.00 to $32.00 and gave the stock a "neutral" rating in a research report on Wednesday, January 28th. Finally, Scotiabank lifted their target price on Hecla Mining from $15.00 to $25.00 and gave the stock a "sector perform" rating in a report on Monday, January 26th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Van ECK Associates Corp grew its holdings in shares of Hecla Mining by 32.4% during the 3rd quarter. Van ECK Associates Corp now owns 49,881,495 shares of the basic materials company's stock valued at $603,566,000 after purchasing an additional 12,197,740 shares during the last quarter. Vanguard Group Inc. boosted its position in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company's stock valued at $863,324,000 after buying an additional 8,452,401 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Hecla Mining by 38.0% in the third quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,524,912 shares of the basic materials company's stock valued at $284,651,000 after buying an additional 6,472,566 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of 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 buying an additional 5,906,313 shares during the last quarter. Finally, Jupiter Asset Management Ltd. acquired a new position in shares of Hecla Mining during the fourth quarter worth $88,417,000. Institutional investors own 63.01% of the company's stock.

Hecla Mining Stock Performance

Shares of HL opened at $19.14 on Thursday. The firm has a 50-day moving average of $20.69 and a 200-day moving average of $18.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. The company has a market cap of $12.83 billion, a PE ratio of 39.06 and a beta of 1.40. Hecla Mining has a one year low of $4.51 and a one year high of $34.17.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th were given a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, March 9th. Hecla Mining's dividend payout ratio is presently 2.04%.

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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