Analysts Set Hecla Mining Company (NYSE:HL) PT at $10.22

by · The Markets Daily

Hecla Mining Company (NYSE:HL – Get Free Report) has earned an average recommendation of “Hold” from the nine ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $10.2188.

A number of research firms recently weighed in on HL. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Sunday, November 2nd. Scotiabank began coverage on shares of Hecla Mining in a research note on Thursday, November 13th. They issued a “sector perform” rating and a $15.00 price target on the stock. Roth Capital set a $8.75 price objective on Hecla Mining and gave the stock a “sell” rating in a research report on Friday, October 3rd. CIBC increased their price objective on Hecla Mining from $15.00 to $16.50 and gave the stock a “neutral” rating in a report on Tuesday, November 25th. Finally, HC Wainwright lifted their target price on Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a research note on Thursday, November 6th.

Get Our Latest Report on HL

Insiders Place Their Bets

In related news, CFO Russell Douglas Lawlar sold 18,535 shares of the stock in a transaction dated Monday, November 10th. The shares were sold at an average price of $15.02, for a total value of $278,395.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Transce3nd LLC bought a new stake in Hecla Mining during the second quarter worth approximately $25,000. USA Financial Formulas bought a new stake in shares of Hecla Mining in the 3rd quarter worth $25,000. UMB Bank n.a. raised its stake in shares of Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock worth $30,000 after buying an additional 2,390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings 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 during the period. Finally, MAI Capital Management bought a new position in Hecla Mining during the third quarter valued at about $39,000. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Up 1.3%

Shares of Hecla Mining stock opened at $19.09 on Friday. The stock has a market capitalization of $12.79 billion, a price-to-earnings ratio of 61.57 and a beta of 1.36. Hecla Mining has a twelve month low of $4.46 and a twelve month high of $20.19. The company has a current ratio of 2.15, a quick ratio of 1.51 and a debt-to-equity ratio of 0.11. The business’s 50 day simple moving average is $14.73 and its 200-day simple moving average is $10.22.

Hecla Mining (NYSE:HL – Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. Hecla Mining had a return on equity of 7.87% and a net margin of 16.35%.The firm had revenue of $409.54 million during the quarter, compared to the consensus estimate of $315.60 million. During the same period in the prior year, the business earned $0.03 EPS. The firm’s revenue was up 67.1% on a year-over-year basis. Equities research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 8th. Investors of record on Monday, November 24th were paid a dividend of $0.0038 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date was Monday, November 24th. Hecla Mining’s payout ratio is currently 3.23%.

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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