Analysts Set Hecla Mining (NYSE:HL) PT at $2.28

Shares of Hecla Mining (NYSE:HL) have received a consensus recommendation of “Hold” from the fourteen ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $2.28.

A number of analysts have recently commented on the stock. Canaccord Genuity cut shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price on the stock. in a report on Wednesday, August 7th. BMO Capital Markets set a $1.00 target price on shares of Hecla Mining and gave the company a “sell” rating in a report on Friday, July 19th. Bank of America set a $2.00 target price on shares of Hecla Mining and gave the company a “sell” rating in a report on Friday, June 7th. Zacks Investment Research upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. Finally, Cantor Fitzgerald set a $2.00 target price on shares of Hecla Mining and gave the company a “hold” rating in a report on Thursday, June 6th.

Shares of Hecla Mining stock opened at $1.46 on Tuesday. The company has a current ratio of 1.23, a quick ratio of 0.45 and a debt-to-equity ratio of 0.37. The company’s fifty day simple moving average is $1.78 and its two-hundred day simple moving average is $2.01. The company has a market cap of $715.77 million, a P/E ratio of -13.27 and a beta of 0.96. Hecla Mining has a 12-month low of $1.21 and a 12-month high of $3.12.



Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The company had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The firm’s revenue for the quarter was down 8.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.01 earnings per share. Analysts predict that Hecla Mining will post -0.15 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 3rd. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date of this dividend is Thursday, August 22nd. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.

Several hedge funds have recently made changes to their positions in the company. Wedbush Securities Inc. bought a new position in Hecla Mining in the 1st quarter worth about $25,000. Advisors Management Group Inc. ADV bought a new position in Hecla Mining in the 2nd quarter worth about $31,000. Piedmont Investment Advisors Inc. bought a new position in Hecla Mining in the 1st quarter worth about $32,000. Corient Capital Partners LLC bought a new position in Hecla Mining in the 2nd quarter worth about $41,000. Finally, First Allied Advisory Services Inc. bought a new position in Hecla Mining in the 2nd quarter worth about $41,000. Hedge funds and other institutional investors own 59.09% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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