Brokerages Set Hecla Mining Company (NYSE:HL) Price Target at $22.25

Hecla Mining Company (NYSE:HL) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $22.25.

A number of analysts have issued reports on the company. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Wednesday, April 29th. HC Wainwright decreased their price target on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research note on Wednesday, May 6th. Wall Street Zen lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Weiss Ratings lowered Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, June 5th. Finally, Zacks Research lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Hecla Mining by 20.9% in the first quarter. Goldman Sachs Group Inc. now owns 4,285,345 shares of the basic materials company’s stock worth $23,827,000 after acquiring an additional 739,360 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Hecla Mining by 24.1% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 1,959,276 shares of the basic materials company’s stock worth $10,894,000 after purchasing an additional 380,448 shares during the last quarter. Cetera Investment Advisers increased its holdings in Hecla Mining by 10.9% during the 2nd quarter. Cetera Investment Advisers now owns 65,536 shares of the basic materials company’s stock worth $393,000 after purchasing an additional 6,450 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Hecla Mining by 71.6% in the 2nd quarter. Prudential Financial Inc. now owns 78,395 shares of the basic materials company’s stock valued at $435,000 after acquiring an additional 32,714 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in shares of Hecla Mining by 1.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 153,867 shares of the basic materials company’s stock valued at $922,000 after acquiring an additional 2,793 shares during the last quarter. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Trading Up 6.5%

Shares of HL stock opened at $14.97 on Friday. Hecla Mining has a fifty-two week low of $5.47 and a fifty-two week high of $34.17. The stock has a market cap of $10.04 billion, a P/E ratio of 36.51 and a beta of 1.25. The business has a fifty day simple moving average of $18.03 and a 200-day simple moving average of $20.06. The company has a quick ratio of 4.53, a current ratio of 4.94 and a debt-to-equity ratio of 0.10.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The company’s quarterly revenue was up 57.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.04 EPS.

Hecla Mining Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.0038 per share. The ex-dividend date was Friday, May 22nd. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. Hecla Mining’s payout ratio is presently 2.44%.

About Hecla Mining

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.