Shares of Hecla Mining Company (NYSE:HL) have earned a consensus rating of “Hold” from the ten research firms that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $5.75.

Several brokerages have recently weighed in on HL. B. Riley restated a “neutral” rating on shares of Hecla Mining in a research report on Wednesday, November 1st. ValuEngine upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. Cantor Fitzgerald began coverage on shares of Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 price objective for the company. 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. 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.

In other Hecla Mining news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Theodore Crumley purchased 10,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 7th. The stock was acquired at an average price of $3.49 per share, with a total value of $34,900.00. Following the transaction, the director now owns 126,536 shares in the company, valued at $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in HL. BT Investment Management Ltd purchased a new stake in Hecla Mining in the 2nd quarter valued at $77,979,000. Van ECK Associates Corp raised its position in Hecla Mining by 37.6% in the 2nd quarter. Van ECK Associates Corp now owns 38,105,358 shares of the basic materials company’s stock valued at $194,337,000 after purchasing an additional 10,415,245 shares during the last quarter. Bank of New York Mellon Corp raised its position in Hecla Mining by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock valued at $21,623,000 after purchasing an additional 2,425,493 shares during the last quarter. JPMorgan Chase & Co. raised its position in Hecla Mining by 2,590.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock valued at $5,477,000 after purchasing an additional 1,033,961 shares during the last quarter. Finally, Prudential Financial Inc. raised its position in Hecla Mining by 1,745.2% in the 2nd quarter. Prudential Financial Inc. now owns 771,532 shares of the basic materials company’s stock valued at $3,935,000 after purchasing an additional 729,720 shares during the last quarter. Hedge funds and other institutional investors own 60.28% of the company’s stock.

Hecla Mining (NYSE:HL) opened at $3.98 on Thursday. Hecla Mining has a 12 month low of $3.43 and a 12 month high of $6.78. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,576.12, a P/E ratio of 56.43, a P/E/G ratio of 79.00 and a beta of 0.20.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data 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. The business had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The company’s revenue was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 EPS. equities research analysts forecast that Hecla Mining will post 0.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st were given a dividend of $0.0025 per share. The ex-dividend date of this dividend was Monday, November 20th. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. Hecla Mining’s dividend payout ratio is presently 16.67%.

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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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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