TD Securities Cuts Hecla Mining (NYSE:HL) Price Target to $6.50

Hecla Mining (NYSE:HL) had its price objective trimmed by TD Securities from $7.00 to $6.50 in a report released on Friday morning,BayStreet.CA reports. The firm currently has a buy rating on the basic materials company’s stock.

A number of other equities research analysts also recently weighed in on the stock. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. HC Wainwright reissued a “buy” rating and issued a $11.50 price target on shares of Hecla Mining in a research note on Friday, February 14th. Finally, Roth Mkm dropped their price target on Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $8.00.

Hecla Mining Stock Down 7.2 %

Shares of Hecla Mining stock opened at $5.23 on Friday. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 104.52 and a beta of 1.91. The company has a current ratio of 1.08, a quick ratio of 0.55 and a debt-to-equity ratio of 0.25. Hecla Mining has a twelve month low of $3.40 and a twelve month high of $7.68. The company has a fifty day moving average price of $5.42 and a 200 day moving average price of $5.87.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The business had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. Equities research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.29%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s dividend payout ratio is currently 100.02%.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of the business’s stock in a transaction on Wednesday, February 19th. The stock was purchased at an average price of $5.29 per share, for a total transaction of $34,755.30. Following the completion of the purchase, the chief executive officer now directly owns 331,856 shares in the company, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Tidal Investments LLC boosted its stake in Hecla Mining by 100.5% in the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company’s stock worth $77,999,000 after purchasing an additional 7,960,826 shares in the last quarter. Wealthfront Advisers LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $18,441,000. Marshall Wace LLP boosted its holdings in Hecla Mining by 182.4% during the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock worth $24,580,000 after buying an additional 3,233,116 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Hecla Mining by 4.3% during the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after buying an additional 2,238,559 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Hecla Mining in the 3rd quarter valued at about $14,623,000. 63.01% of the stock is currently 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.