Hecla Mining (NYSE:HL) Given Average Rating of “Hold” by Analysts

Hecla Mining (NYSE:HL) has earned an average rating of “Hold” from the fourteen analysts that are covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $2.28.

A number of equities research analysts have weighed in on HL shares. HC Wainwright reiterated a “buy” rating and set a $2.75 target price on shares of Hecla Mining in a research note on Thursday, August 8th. ValuEngine upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Tuesday, July 2nd. CIBC lowered shares of Hecla Mining from a “neutral” rating to an “underperform” rating and set a $1.56 target price for the company. in a research note on Tuesday, May 14th. Cantor Fitzgerald set a $2.00 target price on shares of Hecla Mining and gave the company a “hold” rating in a research note on Thursday, June 6th. Finally, Canaccord Genuity lowered shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price for the company. in a research note on Wednesday, August 7th.

Shares of HL opened at $1.60 on Tuesday. The stock has a market cap of $763.38 million, a price-to-earnings ratio of -14.55 and a beta of 0.96. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.45 and a current ratio of 0.98. The company’s fifty day moving average is $1.79. Hecla Mining has a 1-year low of $1.21 and a 1-year high of $3.12.

Hecla Mining (NYSE:HL) last announced its earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The company had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 5.97%. Hecla Mining’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.01 earnings per share. Research analysts expect that Hecla Mining will post -0.15 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be given a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Thursday, August 22nd. Hecla Mining’s payout ratio is -9.09%.

Hedge funds have recently modified their holdings of the company. CWM Advisors LLC grew its position in shares of Hecla Mining by 46.1% during the 2nd quarter. CWM Advisors LLC now owns 91,780 shares of the basic materials company’s stock valued at $165,000 after acquiring an additional 28,960 shares during the period. Norges Bank bought a new position in Hecla Mining in the 4th quarter worth $8,311,000. Deutsche Bank AG boosted its holdings in Hecla Mining by 62.6% in the 4th quarter. Deutsche Bank AG now owns 3,012,120 shares of the basic materials company’s stock worth $7,107,000 after buying an additional 1,160,023 shares during the period. Clean Yield Group boosted its holdings in Hecla Mining by 162.2% in the 1st quarter. Clean Yield Group now owns 70,000 shares of the basic materials company’s stock worth $161,000 after buying an additional 43,300 shares during the period. Finally, Great Lakes Advisors LLC boosted its holdings in Hecla Mining by 10,565.4% in the 1st quarter. Great Lakes Advisors LLC now owns 1,483,019 shares of the basic materials company’s stock worth $3,411,000 after buying an additional 1,469,114 shares during the period. 59.09% of the stock is owned by hedge funds and other institutional investors.

About Hecla Mining

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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Analyst Recommendations for Hecla Mining (NYSE:HL)

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