Brokerages Set Hecla Mining (NYSE:HL) Target Price at $7.56

Shares of Hecla Mining (NYSE:HL) have been given an average recommendation of “Moderate Buy” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $7.94.

HL has been the subject of a number of research reports. TD Securities dropped their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Roth Mkm dropped their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 8th. StockNews.com lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. HC Wainwright restated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. Finally, National Bank Financial lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th.

Hecla Mining Trading Down 0.5 %

HL opened at $5.43 on Thursday. The company’s 50 day moving average is $6.52 and its 200-day moving average is $5.84. The company has a market cap of $3.41 billion, a P/E ratio of -135.75 and a beta of 2.00. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The company has a current ratio of 1.09, a quick ratio of 0.54 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. The business had revenue of $245.09 million during the quarter, compared to analyst estimates of $232.03 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The firm’s quarterly revenue was up 34.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.01) EPS. Equities research analysts predict that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.0138 per share. This represents a $0.06 annualized dividend and a dividend yield of 1.01%. The ex-dividend date is Thursday, November 21st. Hecla Mining’s dividend payout ratio (DPR) is -125.00%.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the firm’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the sale, the vice president now owns 173,700 shares of the company’s stock, valued at $1,175,949. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.40% of the company’s stock.

Institutional Trading of Hecla Mining

Hedge funds have recently bought and sold shares of the business. Continuum Advisory LLC grew its position in Hecla Mining by 313.6% in the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after purchasing an additional 4,967 shares during the period. Sound Income Strategies LLC purchased a new position in Hecla Mining during the 3rd quarter worth $49,000. Innealta Capital LLC purchased a new position in Hecla Mining during the 2nd quarter worth $41,000. GFG Capital LLC purchased a new position in Hecla Mining during the 3rd quarter worth $67,000. Finally, Ballentine Partners LLC purchased a new position in Hecla Mining during the 2nd quarter worth $54,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.