Shares of Hecla Mining (NYSE:HL) have been given an average recommendation of "Hold" by the thirteen ratings firms that are covering the stock, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $5.49.
Several equities analysts have recently commented on the stock. Bank of America upgraded shares of Hecla Mining from an "underperform" rating to a "neutral" rating in a report on Wednesday, August 5th. HC Wainwright upped their price objective on shares of Hecla Mining from $4.25 to $7.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Canaccord Genuity upgraded shares of Hecla Mining to a "hold" rating and set a $6.00 price objective on the stock in a report on Wednesday, July 29th. BofA Securities upgraded shares of Hecla Mining from an "underperform" rating to a "neutral" rating in a report on Wednesday, August 5th. Finally, Royal Bank of Canada restated a "hold" rating and issued a $6.50 price objective on shares of Hecla Mining in a report on Tuesday, August 11th.
In other Hecla Mining news, Director Terry V. Rogers sold 35,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $5.96, for a total transaction of $208,600.00. Also, VP David C. Sienko sold 75,000 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $6.01, for a total transaction of $450,750.00. 1.80% of the stock is owned by corporate insiders.
Institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in shares of Hecla Mining by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 48,266,594 shares of the basic materials company's stock valued at $157,832,000 after purchasing an additional 1,210,965 shares during the last quarter. BlackRock Inc. increased its position in shares of Hecla Mining by 4.0% in the 1st quarter. BlackRock Inc. now owns 38,264,742 shares of the basic materials company's stock valued at $69,642,000 after purchasing an additional 1,459,997 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Hecla Mining by 10.8% in the 1st quarter. Geode Capital Management LLC now owns 7,440,753 shares of the basic materials company's stock valued at $13,542,000 after purchasing an additional 726,415 shares during the last quarter. ETF Managers Group LLC increased its position in shares of Hecla Mining by 19.3% in the 1st quarter. ETF Managers Group LLC now owns 5,641,832 shares of the basic materials company's stock valued at $10,437,000 after purchasing an additional 913,230 shares during the last quarter. Finally, MERIAN GLOBAL INVESTORS UK Ltd increased its position in shares of Hecla Mining by 44.5% in the 2nd quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 4,334,000 shares of the basic materials company's stock valued at $14,172,000 after purchasing an additional 1,334,000 shares during the last quarter. Institutional investors own 53.58% of the company's stock.
NYSE:HL opened at $5.80 on Wednesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.86 and a quick ratio of 1.14. The firm has a market capitalization of $3.07 billion, a price-to-earnings ratio of -48.33, a PEG ratio of 37.59 and a beta of 2.11. The company's 50-day moving average is $5.80 and its two-hundred day moving average is $3.60. Hecla Mining has a 1-year low of $1.40 and a 1-year high of $6.79.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, August 6th. The basic materials company reported $0.01 earnings per share for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $166.40 million for the quarter, compared to analyst estimates of $160.42 million. Hecla Mining had a negative net margin of 8.51% and a negative return on equity of 1.21%. Hecla Mining's revenue was up 24.0% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. As a group, equities analysts anticipate that Hecla Mining will post 0.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Wednesday, August 19th were issued a dividend of $0.002 per share. The ex-dividend date was Tuesday, August 18th. This represents a $0.01 dividend on an annualized basis and a yield of 0.14%. Hecla Mining's dividend payout ratio (DPR) is presently -7.69%.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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