Hecla Mining Company (HL) Lowered to “Sell” at ValuEngine
ValuEngine lowered shares of Hecla Mining Company (NYSE:HL) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.
HL has been the topic of a number of other reports. Zacks Investment Research cut Hecla Mining from a hold rating to a sell rating in a report on Wednesday, July 12th. TheStreet lowered Hecla Mining from a b- rating to a c rating in a research note on Thursday, August 3rd. HC Wainwright reiterated a buy rating and issued a $8.50 price target on shares of Hecla Mining in a research note on Tuesday, August 29th. Canaccord Genuity reiterated a hold rating and issued a $5.00 price target on shares of Hecla Mining in a research note on Thursday, September 7th. Finally, BMO Capital Markets restated a hold rating and set a $6.00 price objective on shares of Hecla Mining in a research report on Wednesday, September 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Hecla Mining currently has an average rating of Hold and an average price target of $6.52.
Hecla Mining (HL) traded down $0.15 during trading on Thursday, hitting $4.04. The company had a trading volume of 5,914,100 shares, compared to its average volume of 5,654,649. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15. The stock has a market cap of $1,612.04, a P/E ratio of 57.71, a P/E/G ratio of 101.00 and a beta of 0.31. Hecla Mining has a 52 week low of $4.03 and a 52 week high of $6.78.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The company had revenue of $140.80 million for the quarter, compared to the consensus estimate of $151.32 million. During the same quarter in the prior year, the business posted $0.07 EPS. The firm’s quarterly revenue was down 21.5% compared to the same quarter last year. research analysts predict that Hecla Mining will post 0.04 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. The ex-dividend date of this dividend is Monday, November 20th. Hecla Mining’s dividend payout ratio is presently 16.67%.
In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction that occurred on 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 the SEC website. Insiders own 1.50% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the company. Van ECK Associates Corp lifted its position in Hecla Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock valued at $193,428,000 after purchasing an additional 426,023 shares during the period. Dimensional Fund Advisors LP grew its stake in Hecla Mining by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock valued at $168,350,000 after acquiring an additional 198,411 shares in the last quarter. Vanguard Group Inc. grew its stake in Hecla Mining by 0.9% during the 2nd quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock valued at $163,877,000 after acquiring an additional 288,819 shares in the last quarter. BlackRock Inc. grew its stake in Hecla Mining by 25,993.9% during the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after acquiring an additional 24,960,628 shares in the last quarter. Finally, State Street Corp grew its stake in shares of Hecla Mining by 17.2% in the 1st quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock valued at $82,046,000 after buying an additional 2,275,928 shares during the period. 59.13% of the stock is currently owned by hedge funds and other institutional investors.
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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