Brokerages Set Hecla Mining (NYSE:HL) PT at $7.94

Shares of Hecla Mining (NYSE:HL - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $7.94.

A number of analysts recently weighed in on HL shares. National Bank Financial lowered shares of Hecla Mining from a "strong-buy" rating to a "hold" rating in a report on Friday, November 8th. TD Securities lowered their target price on Hecla Mining from $8.50 to $8.00 and set a "buy" rating for the company in a research note on Friday, November 8th. Finally, StockNews.com lowered Hecla Mining from a "hold" rating to a "sell" rating in a research note on Thursday, October 17th.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in Hecla Mining by 43.8% in the third quarter. JPMorgan Chase & Co. now owns 3,481,761 shares of the basic materials company's stock worth $23,223,000 after purchasing an additional 1,059,929 shares during the period. Franklin Resources Inc. raised its stake in Hecla Mining by 2,757.4% during the 3rd quarter. Franklin Resources Inc. now owns 460,610 shares of the basic materials company's stock worth $3,017,000 after buying an additional 444,490 shares during the period. Sanctuary Advisors LLC bought a new position in Hecla Mining during the third quarter worth about $245,000. Virtu Financial LLC acquired a new position in Hecla Mining in the third quarter valued at about $371,000. Finally, Geode Capital Management LLC increased its holdings in shares of Hecla Mining by 5.4% in the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company's stock worth $92,499,000 after acquiring an additional 711,676 shares in the last quarter. Institutional investors own 63.01% of the company's stock.

Hecla Mining Price Performance

Hecla Mining stock traded down $0.09 on Friday, reaching $5.01. The company's stock had a trading volume of 7,984,559 shares, compared to its average volume of 9,387,113. Hecla Mining has a twelve month low of $3.33 and a twelve month high of $7.68. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -125.25 and a beta of 1.92. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The business's fifty day moving average price is $5.81 and its 200 day moving average price is $5.83.

Hecla Mining (NYSE:HL - Get Free Report) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The business had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The firm's quarterly revenue was up 34.7% on a year-over-year basis. Equities analysts expect that Hecla Mining will post 0.06 earnings per share for the current fiscal year.

Hecla Mining Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 4th. Stockholders of record on Thursday, November 21st were paid a $0.0138 dividend. This represents a $0.06 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date was Thursday, November 21st. Hecla Mining's dividend payout ratio (DPR) is currently -125.00%.

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.