BMO Capital Markets Reaffirms “Hold” Rating for Hecla Mining Company (HL)
A number of other equities analysts also recently commented on the stock. B. Riley restated a neutral rating on shares of Hecla Mining in a research report on Wednesday, November 1st. HC Wainwright restated a buy rating and set a $8.50 price objective on shares of Hecla Mining in a research report on Friday, November 3rd. Royal Bank Of Canada set a $6.00 price objective on shares of Hecla Mining and gave the stock a hold rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded shares of Hecla Mining from a strong sell rating to a hold rating in a research report on Wednesday, October 11th. Finally, Canaccord Genuity restated a hold rating and set a $5.25 price objective on shares of Hecla Mining in a research report on Friday, October 6th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $6.52.
Shares of Hecla Mining (HL) opened at $4.04 on Wednesday. The firm has a market cap of $1,667.94, a price-to-earnings ratio of 59.72, a P/E/G ratio of 104.50 and a beta of 0.31. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.14 and a current ratio of 2.69. Hecla Mining has a 52 week low of $4.03 and a 52 week high of $6.78.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The firm had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. Hecla Mining’s quarterly revenue was down 21.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.07 EPS. analysts forecast that Hecla Mining will post 0.04 earnings per share for the current year.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be given a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.01 dividend on an annualized basis and a yield of 0.25%. Hecla Mining’s payout ratio is currently 16.67%.
In other news, Director George R. Nethercutt, Jr. sold 62,500 shares of the stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total value of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Teacher Retirement System of Texas increased its holdings in shares of Hecla Mining by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares in the last quarter. Suntrust Banks Inc. increased its holdings in shares of Hecla Mining by 0.4% in the 2nd quarter. Suntrust Banks Inc. now owns 395,829 shares of the basic materials company’s stock valued at $2,018,000 after purchasing an additional 1,404 shares in the last quarter. Ameritas Investment Partners Inc. increased its holdings in shares of Hecla Mining by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after purchasing an additional 1,643 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Hecla Mining by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock valued at $335,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Hecla Mining by 4.2% in the 2nd quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock valued at $255,000 after purchasing an additional 1,995 shares in the last quarter. Institutional investors and hedge funds own 59.34% of the company’s stock.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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