Analysts Set Hecla Mining Company (NYSE:HL) PT at $24.12

Hecla Mining Company (NYSE:HL) has been given an average rating of “Hold” by the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $24.1250.

A number of research firms recently weighed in on HL. Zacks Research raised Hecla Mining to a “hold” rating in a research report on Friday, July 17th. HC Wainwright dropped their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a report on Wednesday, May 6th. Wall Street Zen cut Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings downgraded Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a report on Friday, June 5th. Finally, Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th.

Hecla Mining Trading Up 0.0%

Shares of NYSE HL opened at $15.14 on Friday. Hecla Mining has a 1 year low of $5.62 and a 1 year high of $34.17. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The firm has a 50-day moving average of $15.87 and a 200 day moving average of $19.43. The stock has a market cap of $10.16 billion, a P/E ratio of 36.94 and a beta of 1.29.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million for the quarter, compared to the consensus estimate of $407.63 million. During the same period in the prior year, the business posted $0.04 EPS. Hecla Mining’s revenue for the quarter was up 57.4% on a year-over-year basis. As a group, sell-side analysts expect that Hecla Mining will post 0.47 EPS for the current fiscal year.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were paid a dividend of $0.0038 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Friday, May 22nd. Hecla Mining’s dividend payout ratio (DPR) is currently 2.44%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Arrowstreet Capital Limited Partnership grew its holdings in shares of Hecla Mining by 86.7% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 12,715,100 shares of the basic materials company’s stock valued at $244,003,000 after buying an additional 5,906,313 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Hecla Mining by 40.6% in the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock worth $102,144,000 after acquiring an additional 4,928,130 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in Hecla Mining in the 4th quarter valued at approximately $88,417,000. State Street Corp lifted its position in Hecla Mining by 14.8% in the 3rd quarter. State Street Corp now owns 34,485,817 shares of the basic materials company’s stock valued at $417,278,000 after acquiring an additional 4,453,706 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Hecla Mining during the 1st quarter valued at $72,659,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.