Hecla Mining (NYSE:HL) Given New $5.00 Price Target at TD Securities

Hecla Mining (NYSE:HL - Free Report) had its price target cut by TD Securities from $6.00 to $5.00 in a research report sent to investors on Monday, Marketbeat.com reports. They currently have a hold rating on the basic materials company's stock.

A number of other brokerages have also recently issued reports on HL. National Bank Financial raised shares of Hecla Mining to a "hold" rating in a report on Friday, March 21st. Roth Mkm dropped their price objective on Hecla Mining from $6.60 to $6.50 and set a "buy" rating for the company in a research note on Tuesday, February 18th. BMO Capital Markets reaffirmed a "market perform" rating and set a $5.50 price objective (down from $7.50) on shares of Hecla Mining in a report on Monday, May 5th. StockNews.com raised Hecla Mining from a "sell" rating to a "hold" rating in a research note on Monday, February 17th. Finally, HC Wainwright reaffirmed a "buy" rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Hecla Mining has an average rating of "Hold" and an average target price of $7.20.

Hecla Mining Price Performance

Shares of HL traded up $0.24 during mid-day trading on Monday, hitting $5.16. The company's stock had a trading volume of 28,547,221 shares, compared to its average volume of 14,004,077. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68. The firm has a market capitalization of $3.26 billion, a P/E ratio of 103.22 and a beta of 1.57. The firm has a 50-day simple moving average of $5.51 and a 200 day simple moving average of $5.56.

Hecla Mining (NYSE:HL - Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.05 by ($0.01). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. During the same period last year, the business posted ($0.01) EPS. Hecla Mining's revenue was up 37.9% compared to the same quarter last year. Analysts predict that Hecla Mining will post 0.21 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be given a $0.0038 dividend. The ex-dividend date is Friday, May 23rd. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. Hecla Mining's dividend payout ratio is presently 9.09%.

Insider Buying and Selling

In related news, Director Catherine J. Boggs acquired 20,000 shares of the business's stock in a transaction on Wednesday, May 7th. The shares were bought at an average cost of $4.99 per share, with a total value of $99,800.00. Following the completion of the transaction, the director now directly owns 348,169 shares of the company's stock, valued at $1,737,363.31. This trade represents a 6.09 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Robert Krcmarov bought 6,570 shares of the company's stock in a transaction that occurred on Wednesday, February 19th. The shares were bought at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the acquisition, the chief executive officer now owns 331,856 shares in the company, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 57,915 shares of company stock valued at $300,000. Insiders own 0.62% of the company's stock.

Institutional Trading of Hecla Mining

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in shares of Hecla Mining by 2.3% in the first quarter. Vanguard Group Inc. now owns 62,830,935 shares of the basic materials company's stock valued at $349,340,000 after purchasing an additional 1,437,895 shares during the period. Tidal Investments LLC lifted its holdings in Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after buying an additional 7,960,826 shares in the last quarter. Geode Capital Management LLC boosted its position in Hecla Mining by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company's stock valued at $68,289,000 after buying an additional 39,421 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company's stock valued at $35,453,000 after acquiring an additional 502,094 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Hecla Mining by 5.0% during the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company's stock worth $29,944,000 after acquiring an additional 289,865 shares during the last quarter. Institutional investors and hedge funds 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.