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

Shares of Hecla Mining Company (NYSE:HL) have been assigned an average recommendation of “Hold” from the nine brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $22.25.

Several research firms have weighed in on HL. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price objective on the stock in a research report on Wednesday, April 29th. Zacks Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 13th. Scotiabank lifted their price objective on Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. BMO Capital Markets lifted their price objective on Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research report on Tuesday, January 27th. Finally, HC Wainwright cut their price objective on Hecla Mining from $36.50 to $26.75 and set a “buy” rating on the stock in a research report on Wednesday, May 6th.

Hecla Mining Stock Up 2.3%

Shares of NYSE:HL opened at $21.04 on Monday. Hecla Mining has a 1 year low of $4.68 and a 1 year high of $34.17. The company has a market cap of $14.11 billion, a PE ratio of 51.31 and a beta of 1.26. The company has a debt-to-equity ratio of 0.10, a current ratio of 4.94 and a quick ratio of 4.53. The stock’s 50-day moving average is $19.14 and its 200 day moving average is $19.59.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million for the quarter, compared to analysts’ expectations of $407.63 million. During the same quarter in the prior year, the firm earned $0.04 EPS. The firm’s revenue for the quarter was up 57.4% on a year-over-year basis. Sell-side analysts anticipate that Hecla Mining will post 0.93 EPS for the current year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s payout ratio is currently 2.44%.

Institutional Trading of Hecla Mining

Hedge funds have recently made changes to their positions in the stock. Lodestone Wealth Management LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth approximately $28,000. Quadrant Capital Group LLC lifted its position in Hecla Mining by 74.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after acquiring an additional 631 shares in the last quarter. Sittner & Nelson LLC bought a new position in Hecla Mining in the 4th quarter valued at approximately $29,000. UMB Bank n.a. lifted its position in Hecla Mining by 2,390.0% in the 3rd quarter. UMB Bank n.a. now owns 2,490 shares of the basic materials company’s stock valued at $30,000 after acquiring an additional 2,390 shares in the last quarter. Finally, Rothschild Investment LLC lifted its position in Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

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.