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Hecla Mining (NYSE: HL) shares have received a consensus rating of “Hold” by the ten research firms covering the company, Marketbeat Ratings reports. Five research analysts for stocks have given the stock a hold rating and four have given it a buy rating. The average 1-year target price among brokers who rated the stock in the past year is $ 7.28.
Several brokerage firms have recently commented on HL. CIBC raised its target price for Hecla Mining from $ 7.50 to $ 8.95 and rated the company as “neutral” in a report dated Wednesday, May 19. Canaccord Genuity confirmed a “hold” rating on Hecla Mining’s shares in a report dated Friday, April 9th. HC Wainwright raised its target price on Hecla Mining from $ 7.00 to $ 7.75 and gave the company a “Buy” rating in a report dated Friday, May 7th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating on Thursday, July 8th, and set a price target of $ 8.25 for the stock. Finally, in a report on Monday June 28th, TheStreet downgraded Hecla Mining from a “b-” rating to a “c” rating.
NYSE: HL opened at $ 6.95 on Tuesday. The company has a market cap of $ 3.72 billion, a P / E of 231.74, a P / E of 39.12, and a beta of 2.25. The company has a debt of 0.30, a quick ratio of 1.87 and a current ratio of 2.73. The company’s 50-day moving average price is $ 8.07. Hecla Mining has a 1-year low of $ 3.77 and a 1-year high of $ 9.44.
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Hecla Mining (NYSE: HL) last released its quarterly results on Thursday, May 6th. The materials company reported earnings per share of $ 0.06 for the quarter, beating Thomson Reuters’ consensus estimate of $ 0.05 by $ 0.01. The company posted revenue of $ 210.90 million for the quarter, compared to analyst expectations of $ 208.55 million. Hecla Mining had a return on equity of 4.46% and a net margin of 2.53%. The company’s quarterly revenue increased 54.1% compared to the same quarter last year. For the same period last year, the company had earnings per share ($ 0.03). Stock analysts predict that Hecla Mining will achieve earnings per share of 0.18 for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 3rd. Shareholders of record on Thursday May 20th received a dividend of $ 0.011. The ex-dividend date was Wednesday, May 19th. This is a positive change from Hecla Mining’s previous quarterly dividend of $ 0.01. This equates to an annualized dividend of $ 0.04 and a yield of 0.63%. Hecla Mining’s payout ratio is 125.00%.
In other news, CEO Phillips S. Baker, Jr. sold 663,967 shares in the company in a transaction that occurred on Thursday, May 27. The stock was sold at an average price of $ 8.90 for a total transaction of $ 5,909,306.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In addition, VP David C. Sienko sold 70,000 shares in the company in a transaction that occurred on Thursday, June 17. The stock was sold at an average price of $ 7.99 for a total value of $ 559,300.00. The disclosure for this sale can be found here. Insiders sold 897,568 shares valued at $ 7,941,670 in the past 90 days. 1.60% of the shares are owned by insiders.
Several major investors recently changed their holdings in the company. Advisory Services Network LLC increased its position in Hecla Mining by 5.4% in the first quarter. Advisory Services Network LLC now owns 25,748 shares in the materials company, valued at $ 147,000, after purchasing an additional 1,313 shares last quarter. CIBC World Markets Inc. increased its position in Hecla Mining by 4.6% in the 1st quarter. CIBC World Markets Inc. now owns 40,062 shares in the materials company, valued at $ 228,000, after purchasing an additional 1,780 shares last quarter. Schmidt PJ Investment Management Inc. increased its position in Hecla Mining by 16.7% in the 1st quarter. Schmidt PJ Investment Management Inc. now owns 14,000 shares in the materials company, valued at $ 84,000, after purchasing an additional 2,000 shares last quarter. PNC Financial Services Group Inc. increased its position in Hecla Mining by 38.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 10,840 shares in the materials company, valued at $ 61,000, after purchasing an additional 3,000 shares last quarter. Finally, Financial Advocates Investment Management increased its position in Hecla Mining by 15.7% in the first quarter. Financial Advocates Investment Management now owns 22,158 shares in the materials company, valued at $ 126,000, after purchasing an additional 3,005 shares last quarter. 58.48% of the shares are currently owned by institutional investors.
Hecla Mining company profile
The Hecla Mining Company, with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company provides lead, zinc and bulk concentrates and carbon materials for custom smelters, metal dealers and third party processors; and unrefined gold and silver bars to precious metal dealers.
See also: Hold Evaluation
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