Hecla Mining (NYSE:HL) Now Covered by StockNews.com

StockNews.com began coverage on shares of Hecla Mining (NYSE:HL – Get Rating) in a research report released on Thursday. The brokerage issued a sell rating on the basic materials company’s stock.

A number of other brokerages have also commented on HL. BMO Capital Markets increased their price objective on Hecla Mining from $4.75 to $5.00 and gave the company a market perform rating in a report on Friday, January 13th. HC Wainwright increased their target price on Hecla Mining from $6.25 to $7.00 and gave the company a buy rating in a research note on Thursday, February 16th. Finally, Canaccord Genuity Group decreased their target price on Hecla Mining from $7.25 to $6.25 and set a buy rating for the company in a research note on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average price target of $5.92.

Hecla Mining Trading Up 3.7 %

Shares of NYSE HL opened at $5.59 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.50 and a quick ratio of 0.99. The business’s 50-day simple moving average is $5.69 and its 200-day simple moving average is $5.07. Hecla Mining has a 52 week low of $3.41 and a 52 week high of $7.38.

Hecla Mining Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Investors of record on Thursday, March 9th will be paid a dividend of $0.006 per share. This is an increase from Hecla Mining’s previous quarterly dividend of $0.00. The ex-dividend date is Wednesday, March 8th. This represents a $0.02 annualized dividend and a yield of 0.43%. Hecla Mining’s dividend payout ratio is presently -42.85%.

Institutional Trading of Hecla Mining

Several hedge funds have recently added to or reduced their stakes in the business. Newbridge Financial Services Group Inc. lifted its position in shares of Hecla Mining by 200.0% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 4,500 shares of the basic materials company’s stock worth $25,000 after acquiring an additional 3,000 shares during the period. Belpointe Asset Management LLC bought a new stake in shares of Hecla Mining in the 4th quarter worth approximately $52,000. Captrust Financial Advisors lifted its position in shares of Hecla Mining by 104.3% in the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 4,932 shares during the period. Verition Fund Management LLC bought a new stake in shares of Hecla Mining in the 2nd quarter worth approximately $40,000. Finally, Private Advisor Group LLC bought a new stake in shares of Hecla Mining in the 3rd quarter worth approximately $42,000. Institutional investors own 59.73% of the company’s stock.

About Hecla Mining

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Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.