Canaccord Genuity upgraded shares of Hecla Mining Company (NYSE:HL) from a hold rating to a buy rating in a report issued on Tuesday morning. The firm currently has $5.25 target price on the basic materials company’s stock.
HL has been the topic of a number of other reports. HC Wainwright reiterated a buy rating and issued a $8.50 price target on shares of Hecla Mining in a research report on Friday, October 13th. ValuEngine cut Hecla Mining from a hold rating to a sell rating in a research report on Friday, August 4th. Royal Bank Of Canada set a $6.00 price target on Hecla Mining and gave the company a hold rating in a research report on Wednesday, October 18th. BMO Capital Markets reiterated a hold rating on shares of Hecla Mining in a research report on Wednesday, November 8th. Finally, TheStreet cut Hecla Mining from a b- rating to a c rating in a research report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $6.27.
Shares of Hecla Mining (HL) opened at $3.88 on Tuesday. Hecla Mining has a 1 year low of $3.63 and a 1 year high of $6.78. The firm has a market capitalization of $1,580.00, a price-to-earnings ratio of 53.57, a price-to-earnings-growth ratio of 75.00 and a beta of 0.31. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same period in the prior year, the business posted $0.07 earnings per share. The business’s revenue was down 21.5% compared to the same quarter last year. equities research analysts anticipate that Hecla Mining will post 0.05 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Tuesday, November 21st will be paid a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.26%. The ex-dividend date is Monday, November 20th. Hecla Mining’s dividend payout ratio is currently 16.67%.
In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.50% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the company. Ameriprise Financial Inc. lifted its stake in shares of Hecla Mining by 27.8% during the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after acquiring an additional 4,384 shares during the period. Trexquant Investment LP acquired a new position in shares of Hecla Mining during the second quarter valued at $124,000. Pacad Investment Ltd. lifted its stake in shares of Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 2,600 shares during the period. Advisor Group Inc. lifted its stake in shares of Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 16,561 shares during the period. Finally, Teacher Retirement System of Texas lifted its stake in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 802 shares during the period. 59.13% of the stock is currently owned by institutional investors and hedge funds.
About Hecla Mining
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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