Hecla Mining (NYSE:HL) Receives $7.13 Average PT from Brokerages

Hecla Mining (NYSE:HL - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $7.13.

HL has been the subject of a number of recent analyst reports. HC Wainwright reiterated a "buy" rating and issued a $11.50 price target on shares of Hecla Mining in a research report on Friday, February 14th. BMO Capital Markets reiterated a "market perform" rating and issued a $5.50 price target (down from $7.50) on shares of Hecla Mining in a research report on Monday, May 5th. TD Securities dropped their target price on shares of Hecla Mining from $6.00 to $5.00 and set a "hold" rating for the company in a research report on Monday, May 5th. Roth Mkm dropped their target price on shares of Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research report on Tuesday, February 18th. Finally, National Bank Financial upgraded shares of Hecla Mining to a "hold" rating in a research report on Friday, March 21st.

Hecla Mining Stock Performance

NYSE HL traded up $0.11 during trading hours on Monday, hitting $5.21. 19,001,901 shares of the company's stock traded hands, compared to its average volume of 14,264,718. The business's fifty day moving average price is $5.36 and its two-hundred day moving average price is $5.43. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. The firm has a market capitalization of $3.30 billion, a P/E ratio of 104.22 and a beta of 1.57. Hecla Mining has a 52 week low of $4.41 and a 52 week high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last announced 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). The business had revenue of $261.34 million for the quarter, compared to the consensus estimate of $238.50 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business's quarterly revenue was up 37.9% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.01) earnings per share. Equities research analysts predict that Hecla Mining will post 0.21 EPS for the current year.

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 10th. Shareholders of record on Friday, May 23rd will be given a dividend of $0.0038 per share. The ex-dividend date is Friday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.29%. Hecla Mining's dividend payout ratio (DPR) is currently 9.09%.

Insider Buying and Selling at Hecla Mining

In related news, Director Catherine J. Boggs acquired 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 7th. The stock was bought at an average price of $4.99 per share, for a total transaction of $99,800.00. Following the acquisition, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This represents a 6.09% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Kurt Allen sold 9,195 shares of the firm's stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total transaction of $47,630.10. Following the transaction, the vice president now directly owns 104,512 shares in the company, valued at $541,372.16. This trade represents a 8.09% decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock worth $300,000 over the last 90 days. 0.62% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of HL. Ameliora Wealth Management Ltd. purchased a new stake in Hecla Mining during the fourth quarter worth $25,000. Principal Securities Inc. purchased a new position in shares of Hecla Mining in the fourth quarter worth about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Hecla Mining in the first quarter worth about $31,000. Blue Trust Inc. lifted its stake in shares of Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company's stock worth $41,000 after buying an additional 1,961 shares in the last quarter. Finally, Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hecla Mining in the fourth quarter worth about $44,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

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.