Brokerages Set Hecla Mining Company (NYSE:HL) Price Target at $10.22

Shares of Hecla Mining Company (NYSE:HL) have earned a consensus rating of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $10.2188.

Several equities analysts have recently weighed in on HL shares. HC Wainwright lifted their price objective on Hecla Mining from $12.50 to $16.50 and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 8th. CIBC upped their price target on shares of Hecla Mining from $15.00 to $16.50 and gave the company a “neutral” rating in a report on Tuesday, November 25th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research report on Sunday, November 2nd. Finally, Roth Capital set a $8.75 price objective on shares of Hecla Mining and gave the company a “sell” rating in a research report on Friday, October 3rd.

Insider Buying and Selling at Hecla Mining

In related news, CFO Russell Douglas Lawlar sold 148,372 shares of the stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $15.00, for a total transaction of $2,225,580.00. Following the completion of the transaction, the chief financial officer directly owned 347,402 shares in the company, valued at approximately $5,211,030. This trade represents a 29.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Hecla Mining

A number of large investors have recently bought and sold shares of HL. Swiss Life Asset Management Ltd grew its stake in shares of Hecla Mining by 75.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 28,318 shares of the basic materials company’s stock worth $343,000 after acquiring an additional 12,156 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Hecla Mining during the third quarter worth $97,000. Coldstream Capital Management Inc. acquired a new position in Hecla Mining during the third quarter worth $557,000. Advisory Services Network LLC bought a new position in Hecla Mining in the third quarter valued at $114,000. Finally, Abel Hall LLC acquired a new stake in Hecla Mining in the 3rd quarter valued at $123,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Price Performance

Shares of HL stock opened at $18.80 on Friday. The company has a quick ratio of 1.51, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $20.19. The firm has a fifty day moving average of $14.46 and a 200-day moving average of $10.03. The firm has a market capitalization of $12.60 billion, a price-to-earnings ratio of 60.65 and a beta of 1.35.

Hecla Mining (NYSE:HL) last posted its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $315.60 million. During the same period in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 67.1% on a year-over-year basis. On average, equities research analysts forecast that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 8th. Stockholders of record on Monday, November 24th were issued a $0.0038 dividend. 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 3.23%.

About Hecla Mining

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.