HC Wainwright Reaffirms "Buy" Rating for Hecla Mining (NYSE:HL)

HC Wainwright reiterated their buy rating on shares of Hecla Mining (NYSE:HL - Free Report) in a research report report published on Friday,Benzinga reports. They currently have a $11.50 price target on the basic materials company's stock.

HL has been the topic of several other reports. TD Securities reduced their target price on Hecla Mining from $8.50 to $8.00 and set a "buy" rating on the stock in a research report on Friday, November 8th. National Bank Financial downgraded shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. Finally, StockNews.com cut shares of Hecla Mining from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $8.38.

Hecla Mining Stock Up 2.1 %

Shares of Hecla Mining stock traded up $0.12 on Friday, reaching $5.56. The stock had a trading volume of 21,122,562 shares, compared to its average volume of 17,253,600. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24. The stock has a market capitalization of $3.49 billion, a P/E ratio of -138.88 and a beta of 1.91. The company has a 50 day moving average price of $5.43 and a 200 day moving average price of $5.86. Hecla Mining has a 1 year low of $3.40 and a 1 year high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. The firm had revenue of $249.66 million during the quarter, compared to analysts' expectations of $229.21 million. As a group, equities research analysts forecast that Hecla Mining will post 0.06 EPS for the current year.

Hecla Mining Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be paid a $0.0038 dividend. This represents a $0.02 annualized dividend and a dividend yield of 0.27%. The ex-dividend date is Monday, March 10th. Hecla Mining's payout ratio is -125.00%.

Institutional Investors Weigh In On Hecla Mining

Large investors have recently bought and sold shares of the company. Neo Ivy Capital Management acquired a new stake in Hecla Mining during the 4th quarter valued at approximately $1,547,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Hecla Mining by 8.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,578,828 shares of the basic materials company's stock valued at $7,752,000 after purchasing an additional 127,756 shares during the period. Two Sigma Advisers LP boosted its holdings in Hecla Mining by 185.0% in the fourth quarter. Two Sigma Advisers LP now owns 140,853 shares of the basic materials company's stock valued at $692,000 after purchasing an additional 91,424 shares during the last quarter. Tidal Investments LLC grew its position in Hecla Mining by 100.5% during the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company's stock worth $77,999,000 after purchasing an additional 7,960,826 shares during the period. Finally, Torno Capital LLC purchased a new position in shares of Hecla Mining during the 4th quarter valued at about $560,000. Hedge funds and other institutional investors own 63.01% of the company's stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.