Hecla Mining (NYSE:HL) Given Average Rating of “Buy” by Brokerages

Shares of Hecla Mining (NYSE:HLGet Free Report) have received a consensus rating of “Buy” from the eight brokerages that are presently covering the company, MarketBeat reports. Seven research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $6.89.

A number of research firms have weighed in on HL. National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Cantor Fitzgerald raised Hecla Mining to a “strong-buy” rating in a report on Thursday, May 9th. StockNews.com raised shares of Hecla Mining to a “sell” rating in a report on Thursday, May 9th. HC Wainwright reiterated a “buy” rating and issued a $10.25 price objective on shares of Hecla Mining in a report on Thursday, May 9th. Finally, Roth Mkm raised their target price on Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th.

Check Out Our Latest Analysis on Hecla Mining

Hecla Mining Trading Up 2.2 %

Shares of NYSE:HL opened at $6.24 on Thursday. The business’s 50-day moving average is $5.02 and its 200 day moving average is $4.52. The firm has a market capitalization of $3.90 billion, a P/E ratio of -41.57 and a beta of 2.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. Hecla Mining has a 1 year low of $3.33 and a 1 year high of $6.29.

Hecla Mining Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 24th will be given a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a yield of 0.38%. The ex-dividend date is Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is -20.00%.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Banco Santander S.A. boosted its stake in shares of Hecla Mining by 15.6% in the third quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company’s stock valued at $73,000 after buying an additional 2,525 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hecla Mining by 1.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 172,171 shares of the basic materials company’s stock valued at $828,000 after buying an additional 2,868 shares during the period. Empowered Funds LLC grew its position in Hecla Mining by 27.7% in the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock valued at $65,000 after acquiring an additional 2,916 shares in the last quarter. Amalgamated Bank lifted its holdings in Hecla Mining by 4.7% in the 3rd quarter. Amalgamated Bank now owns 66,578 shares of the basic materials company’s stock worth $260,000 after buying an additional 2,984 shares in the last quarter. Finally, Sigma Planning Corp grew its position in shares of Hecla Mining by 22.0% during the third quarter. Sigma Planning Corp now owns 19,887 shares of the basic materials company’s stock worth $78,000 after buying an additional 3,586 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

Hecla Mining Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for Hecla Mining (NYSE:HL)

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