Analysts Set Hecla Mining Company (NYSE:HL) Target Price at $7.36

Hecla Mining Company (NYSE:HL) has earned a consensus rating of “Hold” from the seven ratings firms that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $7.3571.

A number of equities research analysts have recently commented on HL shares. HC Wainwright increased their price target on shares of Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. TD Securities cut their price target on shares of Hecla Mining from $6.00 to $5.00 and set a “hold” rating on the stock in a report on Monday, May 5th. National Bank Financial upgraded shares of Hecla Mining to a “hold” rating in a report on Thursday, June 12th. CIBC raised their target price on shares of Hecla Mining from $7.50 to $8.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Saturday.

Hecla Mining Trading Down 0.7%

NYSE:HL opened at $7.55 on Friday. The company’s 50 day moving average price is $6.09 and its 200-day moving average price is $5.68. Hecla Mining has a 52 week low of $4.46 and a 52 week high of $7.68. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. The stock has a market cap of $5.06 billion, a price-to-earnings ratio of 47.18 and a beta of 1.27.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm had revenue of $304.03 million for the quarter, compared to analysts’ expectations of $248.93 million. During the same quarter in the prior year, the company posted $0.02 earnings per share. The business’s revenue for the quarter was up 23.8% on a year-over-year basis. On average, equities research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 4th. Investors of record on Friday, August 22nd will be issued a $0.0038 dividend. The ex-dividend date is Friday, August 22nd. This represents a $0.02 annualized dividend and a yield of 0.2%. Hecla Mining’s dividend payout ratio (DPR) is currently 6.25%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, VP Stuart Maurice Absolom sold 18,926 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $6.66, for a total value of $126,047.16. Following the transaction, the vice president directly owned 59,410 shares in the company, valued at approximately $395,670.60. This trade represents a 24.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining in the first quarter worth approximately $31,000. DRW Securities LLC bought a new position in Hecla Mining in the first quarter worth approximately $54,000. PFG Investments LLC bought a new position in Hecla Mining in the first quarter worth approximately $56,000. Ground Swell Capital LLC bought a new stake in shares of Hecla Mining during the 4th quarter valued at $57,000. Finally, Hohimer Wealth Management LLC bought a new stake in shares of Hecla Mining during the 1st quarter valued at $58,000. 63.01% of the stock is currently owned by institutional investors.

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.