Hecla Mining Company (NYSE:HL) Receives $21.63 Consensus Price Target from Brokerages

Shares of Hecla Mining Company (NYSE:HL) have been assigned an average recommendation of “Hold” from the ten analysts that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $21.6250.

HL has been the topic of several research reports. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research report on Wednesday, February 18th. BMO Capital Markets boosted their target price on shares of Hecla Mining from $16.00 to $28.00 and gave the stock a “market perform” rating in a report on Tuesday, January 27th. Canadian Imperial Bank of Commerce increased their target price on shares of Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a research note on Wednesday, January 28th. Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Finally, HC Wainwright lifted their price target on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $24.90 on Wednesday. The stock has a market cap of $16.69 billion, a price-to-earnings ratio of 50.82 and a beta of 1.25. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 2.22. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $34.17. The stock’s 50 day moving average price is $23.36 and its 200 day moving average price is $16.44.

Hecla Mining Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 24th. Stockholders of record on Monday, March 9th will be issued a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Monday, March 9th. Hecla Mining’s dividend payout ratio is currently 2.04%.

Insiders Place Their Bets

In related news, VP Kurt Allen sold 52,219 shares of Hecla Mining stock in a transaction dated Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the transaction, the vice president owned 216,641 shares of the company’s stock, valued at approximately $4,746,604.31. This trade represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, VP David C. Sienko sold 207,553 shares of the company’s stock in a transaction dated Wednesday, December 17th. The shares were sold at an average price of $19.42, for a total transaction of $4,030,679.26. Following the sale, the vice president directly owned 906,370 shares of the company’s stock, valued at $17,601,705.40. This represents a 18.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.62% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacer Advisors Inc. acquired a new stake in Hecla Mining during the 4th quarter valued at $1,557,000. Invesco Ltd. raised its position in Hecla Mining by 102.1% during the fourth quarter. Invesco Ltd. now owns 4,327,712 shares of the basic materials company’s stock valued at $83,049,000 after buying an additional 2,186,601 shares during the period. Axxcess Wealth Management LLC raised its position in Hecla Mining by 9.1% during the fourth quarter. Axxcess Wealth Management LLC now owns 10,905 shares of the basic materials company’s stock valued at $209,000 after buying an additional 905 shares during the period. Mercer Global Advisors Inc. ADV lifted its stake in Hecla Mining by 10.9% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 21,120 shares of the basic materials company’s stock worth $405,000 after acquiring an additional 2,075 shares in the last quarter. Finally, Summit Global Investments acquired a new stake in Hecla Mining during the 4th quarter worth about $1,279,000. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

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.