Hecla Mining (NYSE:HL) Price Target Cut to $5.00 by Analysts at TD Securities

Hecla Mining (NYSE:HL) had its target price trimmed by TD Securities from $6.00 to $5.00 in a research note published on Monday morning, Marketbeat.com reports. The firm currently has a hold rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the company. StockNews.com upgraded Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, February 17th. National Bank Financial upgraded Hecla Mining to a “hold” rating in a research report on Friday, March 21st. BMO Capital Markets reiterated a “market perform” rating and issued a $5.50 price objective (down previously from $7.50) on shares of Hecla Mining in a research report on Monday. Roth Mkm cut their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, HC Wainwright reiterated a “buy” rating and set a $11.50 price target on shares of Hecla Mining in a report on Friday, February 14th. Six investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Hecla Mining presently has an average rating of “Hold” and an average price target of $7.20.

Hecla Mining Stock Performance

NYSE:HL opened at $4.79 on Monday. The company has a market capitalization of $3.03 billion, a price-to-earnings ratio of 95.82 and a beta of 1.57. The business has a 50 day moving average of $5.52 and a 200 day moving average of $5.61. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a 1-year low of $4.41 and a 1-year high of $7.68.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, May 1st. The basic materials company reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $261.34 million during the quarter, compared to the consensus estimate of $238.50 million. During the same quarter in the previous year, the firm posted ($0.01) earnings per share. The company’s revenue was up 37.9% compared to the same quarter last year. On average, sell-side analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 10th. Investors of record on Friday, May 23rd will be issued a $0.0038 dividend. This represents a $0.02 annualized dividend and a yield of 0.31%. The ex-dividend date is Friday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is currently 9.09%.

Insiders Place Their Bets

In other news, CFO Russell Douglas Lawlar sold 16,333 shares of the company’s stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $5.18, for a total value of $84,604.94. Following the sale, the chief financial officer now directly owns 297,983 shares of the company’s stock, valued at $1,543,551.94. This represents a 5.20 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total transaction of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares of the company’s stock, valued at approximately $1,276,559.20. The trade was a 11.62 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 57,915 shares of company stock worth $300,000. 0.62% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Hecla Mining

Several large investors have recently made changes to their positions in the business. Ameliora Wealth Management Ltd. bought a new position in Hecla Mining during the 4th quarter valued at approximately $25,000. GAMMA Investing LLC grew its stake in shares of Hecla Mining by 771.8% in the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 4,438 shares during the last quarter. Principal Securities Inc. bought a new position in shares of Hecla Mining during the fourth quarter valued at $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Hecla Mining in the 1st quarter worth about $31,000. Finally, Blue Trust Inc. boosted its stake in Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other 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.