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

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

HL has been the topic of a number of research analyst reports. StockNews.com upgraded Hecla Mining to a “sell” rating in a report on Friday, November 17th. National Bank Financial restated an “outperform market weight” rating on shares of Hecla Mining in a report on Wednesday, January 3rd.

Check Out Our Latest Analysis on Hecla Mining

Hecla Mining Price Performance

Shares of HL stock opened at $4.07 on Friday. The company has a market cap of $2.54 billion, a P/E ratio of -27.10 and a beta of 2.16. The company has a quick ratio of 1.06, a current ratio of 1.65 and a debt-to-equity ratio of 0.33. The business has a fifty day simple moving average of $3.91 and a 200 day simple moving average of $4.19. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.00.

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

Hecla Mining Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 25th. Stockholders of record on Tuesday, March 12th will be issued a $0.006 dividend. The ex-dividend date is Monday, March 11th. This represents a $0.02 annualized dividend and a dividend yield of 0.59%. Hecla Mining’s dividend payout ratio is currently -20.00%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently modified their holdings of the business. Quilter Plc purchased a new position in Hecla Mining in the first quarter worth $5,183,460,000. Dark Forest Capital Management LP purchased a new position in shares of Hecla Mining in the 1st quarter worth about $48,000. US Bancorp DE grew its position in Hecla Mining by 107.9% during the fourth quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock valued at $37,000 after buying an additional 3,963 shares during the period. FNY Investment Advisers LLC purchased a new stake in Hecla Mining during the third quarter worth about $31,000. Finally, Captrust Financial Advisors raised its position in Hecla Mining by 104.3% in the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 4,932 shares during the period. Hedge funds and other institutional investors own 59.00% of the company’s stock.

Hecla Mining Company Profile

(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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