Hecla Mining (NYSE:HL) Receives $6.89 Consensus PT from Brokerages

Shares of Hecla Mining (NYSE:HL) have been given a consensus rating of “Buy” by the nine ratings firms that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $6.97.

Several research analysts have recently commented on the company. HC Wainwright reiterated a “buy” rating and set a $10.25 target price on shares of Hecla Mining in a research note on Thursday, May 9th. Cantor Fitzgerald upgraded Hecla Mining to a “strong-buy” rating in a research note on Thursday, May 9th. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a research note on Monday, April 8th. StockNews.com upgraded Hecla Mining to a “sell” rating in a research note on Thursday, May 9th. Finally, Roth Mkm lifted their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th.

Hecla Mining Stock Down 3.7 %

HL stock opened at $5.95 on Thursday. The company has a quick ratio of 1.00, a current ratio of 1.67 and a debt-to-equity ratio of 0.34. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $6.29. The business has a 50 day moving average price of $5.09 and a two-hundred day moving average price of $4.55. The company has a market cap of $3.73 billion, a price-to-earnings ratio of -39.67 and a beta of 2.21.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be paid a $0.006 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $0.02 annualized dividend and a yield of 0.40%. Hecla Mining’s dividend payout ratio (DPR) is presently -20.00%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its holdings in Hecla Mining by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock valued at $225,090,000 after acquiring an additional 487,299 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Hecla Mining by 21.5% in the 4th quarter. Russell Investments Group Ltd. now owns 223,508 shares of the basic materials company’s stock valued at $1,075,000 after acquiring an additional 39,494 shares in the last quarter. Jump Financial LLC raised its holdings in Hecla Mining by 53.8% in the 3rd quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock valued at $2,215,000 after acquiring an additional 198,254 shares in the last quarter. Northern Trust Corp raised its holdings in Hecla Mining by 1.2% in the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock valued at $23,182,000 after acquiring an additional 69,308 shares in the last quarter. Finally, TIAA Trust National Association acquired a new position in Hecla Mining in the 4th quarter valued at $156,000. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.