Analysts Set Hecla Mining (NYSE:HL) Price Target at $2.68

Hecla Mining (NYSE:HL) has been assigned an average rating of “Hold” from the fourteen analysts that are covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $2.68.

Several research firms have weighed in on HL. Zacks Investment Research downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, May 15th. BMO Capital Markets set a $2.00 target price on Hecla Mining and gave the company a “hold” rating in a research report on Monday, April 22nd. Scotiabank downgraded Hecla Mining from a “sector perform” rating to an “underperform” rating and set a $1.00 target price for the company. in a research report on Friday, May 10th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, May 9th. Finally, Cantor Fitzgerald set a $2.00 target price on Hecla Mining and gave the company a “hold” rating in a research report on Thursday, June 6th.

Several hedge funds and other institutional investors have recently bought and sold shares of HL. Amalgamated Bank raised its holdings in Hecla Mining by 7.2% during the 4th quarter. Amalgamated Bank now owns 62,837 shares of the basic materials company’s stock valued at $148,000 after buying an additional 4,196 shares during the period. Raymond James & Associates raised its holdings in Hecla Mining by 14.1% during the 4th quarter. Raymond James & Associates now owns 38,519 shares of the basic materials company’s stock valued at $91,000 after buying an additional 4,762 shares during the period. Creative Planning raised its holdings in Hecla Mining by 9.4% during the 1st quarter. Creative Planning now owns 69,401 shares of the basic materials company’s stock valued at $160,000 after buying an additional 5,961 shares during the period. Financial Advocates Investment Management raised its holdings in Hecla Mining by 35.4% during the 4th quarter. Financial Advocates Investment Management now owns 28,684 shares of the basic materials company’s stock valued at $67,000 after buying an additional 7,503 shares during the period. Finally, Legal & General Group Plc raised its holdings in Hecla Mining by 5.6% during the 4th quarter. Legal & General Group Plc now owns 198,379 shares of the basic materials company’s stock valued at $469,000 after buying an additional 10,435 shares during the period. Hedge funds and other institutional investors own 59.41% of the company’s stock.

HL stock traded up $0.02 during midday trading on Monday, hitting $1.80. The company’s stock had a trading volume of 9,629,614 shares, compared to its average volume of 8,807,442. Hecla Mining has a 12 month low of $1.21 and a 12 month high of $3.81. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.98 and a quick ratio of 0.45. The company has a market capitalization of $865.49 million, a price-to-earnings ratio of -16.36 and a beta of 0.73. The business has a 50 day moving average price of $1.53.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 3.74% and a negative net margin of 10.40%. The business had revenue of $152.60 million during the quarter, compared to the consensus estimate of $150.31 million. During the same quarter in the previous year, the company earned $0.02 earnings per share. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. On average, analysts expect that Hecla Mining will post -0.11 EPS for the current year.

The company also recently announced a dividend, which was paid on Tuesday, June 4th. Stockholders of record on Friday, May 24th were given a dividend of $0.002 per share. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s dividend payout ratio is currently -9.09%.

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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Analyst Recommendations for Hecla Mining (NYSE:HL)

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