Hecla Mining (NYSE:HL) Receives $7.46 Average PT from Brokerages

Hecla Mining (NYSE:HLGet Rating) has received an average recommendation of “Hold” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $7.68.

Several brokerages have commented on HL. B. Riley decreased their price target on shares of Hecla Mining from $11.00 to $9.00 in a research note on Wednesday. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Tuesday. HC Wainwright boosted their price target on shares of Hecla Mining from $7.75 to $8.25 and gave the stock a “buy” rating in a research note on Wednesday, April 13th. Roth Capital upgraded shares of Hecla Mining from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $6.50 to $6.25 in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 26th.

Shares of HL traded up $0.35 during trading hours on Monday, reaching $4.55. 8,913,084 shares of the stock traded hands, compared to its average volume of 8,239,306. The company has a current ratio of 1.83, a quick ratio of 1.71 and a debt-to-equity ratio of 0.31. Hecla Mining has a 52-week low of $4.07 and a 52-week high of $9.44. The company’s 50-day moving average price is $6.22 and its two-hundred day moving average price is $5.74. The company has a market cap of $2.45 billion, a P/E ratio of -28.44 and a beta of 2.07.

Hecla Mining (NYSE:HLGet Rating) last released its earnings results on Tuesday, May 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $186.50 million for the quarter, compared to analysts’ expectations of $186.09 million. Hecla Mining had a net margin of 2.02% and a return on equity of 2.76%. The firm’s quarterly revenue was down 11.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.06 EPS. On average, research analysts forecast that Hecla Mining will post 0.11 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Investors of record on Wednesday, May 25th will be issued a dividend of $0.006 per share. The ex-dividend date of this dividend is Tuesday, May 24th. This represents a $0.02 annualized dividend and a yield of 0.53%. Hecla Mining’s payout ratio is -18.75%.

A number of large investors have recently modified their holdings of HL. Morgan Stanley grew its stake in Hecla Mining by 268.5% in the 2nd quarter. Morgan Stanley now owns 3,793,684 shares of the basic materials company’s stock worth $28,224,000 after acquiring an additional 2,764,286 shares in the last quarter. Commonwealth Equity Services LLC grew its stake in Hecla Mining by 18.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 58,108 shares of the basic materials company’s stock worth $319,000 after acquiring an additional 8,972 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its stake in Hecla Mining by 19.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 89,194 shares of the basic materials company’s stock worth $491,000 after acquiring an additional 14,787 shares in the last quarter. Advisor Group Holdings Inc. grew its stake in Hecla Mining by 10.2% in the 3rd quarter. Advisor Group Holdings Inc. now owns 171,651 shares of the basic materials company’s stock worth $945,000 after acquiring an additional 15,859 shares in the last quarter. Finally, Advisory Services Network LLC grew its stake in Hecla Mining by 9.0% in the 3rd quarter. Advisory Services Network LLC now owns 31,204 shares of the basic materials company’s stock worth $172,000 after acquiring an additional 2,567 shares in the last quarter. Institutional investors own 59.78% of the company’s stock.

Hecla Mining Company Profile (Get Rating)

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 mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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