Hecla Mining (NYSE:HL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hecla Mining (NYSE:HLGet Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $6.45.

Separately, National Bank Financial reissued an “outperform market weight” rating on shares of Hecla Mining in a research note on Wednesday, January 3rd.

Get Our Latest Report on HL

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HL. FNY Investment Advisers LLC bought a new position in shares of Hecla Mining during the third quarter worth about $31,000. US Bancorp DE grew its holdings in shares of Hecla Mining by 107.9% during the fourth quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock worth $37,000 after buying an additional 3,963 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after buying an additional 4,932 shares in the last quarter. Verition Fund Management LLC bought a new position in shares of Hecla Mining during the second quarter worth about $40,000. Finally, Nomura Holdings Inc. acquired a new position in Hecla Mining during the second quarter valued at approximately $45,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Trading Down 0.6 %

NYSE:HL opened at $4.24 on Wednesday. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.00. The business’s 50-day moving average price is $3.89 and its two-hundred day moving average price is $4.19. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -28.23 and a beta of 2.16.

Hecla Mining (NYSE:HLGet Free Report) last posted its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The business had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The firm’s revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 earnings per share. On average, equities analysts expect that Hecla Mining will post 0.01 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Investors of record on Tuesday, March 12th were issued a dividend of $0.006 per share. The ex-dividend date was Monday, March 11th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.57%. Hecla Mining’s payout ratio is presently -20.00%.

About Hecla Mining

(Get Free Report

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.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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