Hecla Mining Company (NYSE:HL) Stock Has Consensus Price Target of $23.34 According to Brokerages

Hecla Mining Company (NYSE:HL) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $23.22.

HL has been the subject of several recent research reports. Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Weiss Ratings downgraded shares of Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Scotiabank cut their target price on shares of Hecla Mining from $21.00 to $20.00 and set a “sector perform” rating on the stock in a research report on Wednesday, November 4th. Jefferies Financial Group began coverage on shares of Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 target price on the stock. Finally, Royal Bank Of Canada decreased their price target on shares of Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th.

Hecla Mining Stock Down 0.1%

Shares of HL opened at $14.72 on Monday. The stock has a market cap of $9.89 billion, a PE ratio of 26.29 and a beta of 1.44. Hecla Mining has a 12-month low of $12.80 and a 12-month high of $34.17. The business has a 50-day simple moving average of $17.04 and a two-hundred day simple moving average of $18.43.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.08. The firm had revenue of $394.82 million for the quarter, compared to analyst estimates of $340.10 million. Hecla Mining had a return on equity of 20.94% and a net margin of 24.11%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same period last year, the firm posted $0.15 earnings per share. On average, equities research analysts expect that Hecla Mining will post 0.46 EPS for the current year.

Hecla Mining Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 8th. Stockholders of record on Monday, November 23rd will be issued a dividend of $0.0037 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date is Monday, November 23rd. Hecla Mining’s payout ratio is 1.79%.

Institutional Trading of Hecla Mining

Institutional investors have recently modified their holdings of the business. EFG International AG acquired a new stake in Hecla Mining during the second quarter worth approximately $36,000. International Assets Investment Management LLC lifted its stake in Hecla Mining by 154.6% in the first quarter. International Assets Investment Management LLC now owns 2,470 shares of the basic materials company’s stock valued at $47,000 after buying an additional 1,500 shares during the period. Trust Co. of Vermont acquired a new position in Hecla Mining in the second quarter valued at approximately $39,000. Root Financial Partners LLC lifted its stake in Hecla Mining by 26.9% in the first quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after buying an additional 538 shares during the period. Finally, Bullseye Investment Management LLC bought a new position in shares of Hecla Mining during the 2nd quarter worth approximately $42,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company is a precious-metals mining company founded in 1891 and headquartered in Coeur d’Alene, Idaho. It explores for, develops and operates mines producing silver and gold, with lead and zinc recovered as byproducts at some operations.

Hecla’s mining operations are located in the United States and Canada, including the Greens Creek mine in Alaska, the Lucky Friday mine in Idaho, the Keno Hill silver district in Yukon and the Casa Berardi gold mine in Quebec.