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

Shares of Hecla Mining Company (NYSE:HL) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $7.3571.

A number of analysts have issued reports on the company. Roth Capital reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Thursday, August 7th. National Bank Financial raised Hecla Mining to a “hold” rating in a report on Thursday, June 12th. HC Wainwright upped their price target on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. CIBC upped their price target on Hecla Mining from $7.50 to $8.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Finally, National Bankshares set a $7.00 price target on Hecla Mining in a report on Friday, June 13th.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors have recently made changes to their positions in the company. Transce3nd LLC acquired a new stake in shares of Hecla Mining in the second quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of Hecla Mining in the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC raised its position in shares of Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after buying an additional 4,425 shares in the last quarter. Headlands Technologies LLC acquired a new position in Hecla Mining during the second quarter valued at approximately $44,000. Finally, DRW Securities LLC acquired a new position in Hecla Mining during the first quarter valued at approximately $54,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Stock Up 2.0%

HL opened at $9.03 on Wednesday. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $9.12. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The stock has a market cap of $6.05 billion, a P/E ratio of 56.41 and a beta of 1.29. The stock’s 50 day moving average price is $6.89 and its 200 day moving average price is $5.98.

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

Hecla Mining Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 4th. Investors of record on Friday, August 22nd were paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend was Friday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently 6.25%.

About Hecla Mining

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.