Hecla Mining (NYSE:HL) Receives $6.25 Average PT from Analysts


Share on StockTwits

Shares of Hecla Mining (NYSE:HL) have been given an average rating of “Hold” by the eight analysts that are presently covering the stock, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $6.25.

Several research analysts have recently commented on HL shares. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, January 26th. Canaccord Genuity reissued a “hold” rating on shares of Hecla Mining in a research note on Friday, April 9th. Cantor Fitzgerald lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $5.75 target price for the company. in a research note on Thursday, February 18th. Finally, Roth Capital boosted their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the company a “buy” rating in a research note on Friday, January 15th.

Several large investors have recently modified their holdings of HL. Proffitt & Goodson Inc. bought a new stake in shares of Hecla Mining in the 1st quarter worth approximately $35,000. Capital Asset Advisory Services LLC acquired a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $47,000. Schmidt P J Investment Management Inc. acquired a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $68,000. One One Wealth Management LLC acquired a new stake in shares of Hecla Mining during the first quarter valued at approximately $71,000. Finally, FormulaFolio Investments LLC acquired a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $90,000. 57.02% of the stock is owned by institutional investors.

Shares of HL traded down $0.17 during midday trading on Thursday, hitting $6.26. The company had a trading volume of 429,392 shares, compared to its average volume of 10,442,425. The company’s 50 day moving average price is $6.18 and its 200 day moving average price is $5.80. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of -128.60, a PEG ratio of 23.16 and a beta of 2.14. Hecla Mining has a 52 week low of $2.30 and a 52 week high of $8.45. The company has a quick ratio of 1.18, a current ratio of 1.88 and a debt-to-equity ratio of 0.30.

Hecla Mining (NYSE:HL) last released its earnings results on Wednesday, February 17th. The basic materials company reported $0.02 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $188.89 million during the quarter, compared to the consensus estimate of $186.44 million. Hecla Mining had a negative net margin of 3.51% and a positive return on equity of 0.95%. Equities analysts anticipate that Hecla Mining will post 0.03 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, March 19th. Stockholders of record on Monday, March 8th were paid a $0.009 dividend. This is a positive change from Hecla Mining’s previous quarterly dividend of $0.00. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date of this dividend was Friday, March 5th. Hecla Mining’s dividend payout ratio is currently -30.77%.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company offers lead, zinc, and bulk concentrates, as well as carbon materials to custom smelters, metal traders, and third-party processors; and unrefined gold and silver bullion bars to precious metals traders.

Further Reading: How to calculate compound interest

Analyst Recommendations for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.