HC Wainwright reaffirmed their buy rating on shares of Hecla Mining (NYSE:HL) in a research note published on Friday morning. They currently have a $8.00 price target on the basic materials company’s stock.
Several other research analysts also recently issued reports on the stock. Canaccord Genuity upgraded shares of Hecla Mining from a hold rating to a buy rating and set a $5.25 price objective on the stock in a report on Tuesday, November 14th. Zacks Investment Research upgraded shares of Hecla Mining from a hold rating to a strong-buy rating and set a $4.50 price objective on the stock in a report on Wednesday, January 3rd. BMO Capital Markets initiated coverage on shares of Hecla Mining in a research report on Friday, November 17th. They set a market perform rating and a $4.75 target price on the stock. B. Riley upgraded shares of Hecla Mining from a neutral rating to a buy rating and set a $5.00 target price on the stock in a research report on Thursday, November 30th. Finally, ValuEngine lowered shares of Hecla Mining from a hold rating to a sell rating in a research report on Thursday, November 9th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $5.50.
Hecla Mining (NYSE:HL) opened at $3.93 on Friday. Hecla Mining has a twelve month low of $3.38 and a twelve month high of $6.17. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34. The stock has a market cap of $1,570.00, a PE ratio of -28.07, a PEG ratio of 256.00 and a beta of 0.30.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 13th. Stockholders of record on Tuesday, March 6th will be given a dividend of $0.0025 per share. The ex-dividend date is Monday, March 5th. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. Hecla Mining’s dividend payout ratio (DPR) is currently -7.14%.
In other Hecla Mining news, CEO Phillips S. Baker, Jr. bought 13,000 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $3.76 per share, for a total transaction of $48,880.00. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 1.50% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the business. First Allied Advisory Services Inc. acquired a new position in Hecla Mining in the fourth quarter valued at about $108,000. Ameriprise Financial Inc. boosted its position in Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after buying an additional 3,143 shares in the last quarter. Stone Ridge Asset Management LLC acquired a new position in Hecla Mining in the fourth quarter valued at about $146,000. Xact Kapitalforvaltning AB acquired a new position in Hecla Mining in the fourth quarter valued at about $180,000. Finally, Virtu Financial LLC boosted its position in Hecla Mining by 550.7% in the third quarter. Virtu Financial LLC now owns 182,184 shares of the basic materials company’s stock valued at $186,000 after buying an additional 154,185 shares in the last quarter. Hedge funds and other institutional investors own 60.00% of the company’s stock.
Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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