Hecla Mining (NYSE:HL) Price Target Raised to $3.75

Hecla Mining (NYSE:HL) had its target price boosted by HC Wainwright from $3.00 to $3.75 in a report issued on Monday morning, BenzingaRatingsTable reports. They currently have a buy rating on the basic materials company’s stock.

Several other research analysts have also issued reports on the stock. BMO Capital Markets set a $1.00 target price on shares of Hecla Mining and gave the stock a sell rating in a research report on Friday, July 19th. Scotiabank lowered shares of Hecla Mining from a sector perform rating to an underperform rating and set a $1.00 target price for the company. in a research report on Friday, May 10th. Cantor Fitzgerald set a $2.00 target price on shares of Hecla Mining and gave the stock a hold rating in a research report on Thursday, June 6th. Zacks Investment Research upgraded shares of Hecla Mining from a sell rating to a hold rating in a research report on Tuesday, June 11th. Finally, Bank of America set a $2.00 target price on shares of Hecla Mining and gave the stock a sell rating in a research report on Friday, June 7th. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Hecla Mining has a consensus rating of Hold and an average target price of $2.39.

HL opened at $1.62 on Monday. The company has a fifty day moving average price of $1.75 and a 200-day moving average price of $1.99. The firm has a market capitalization of $781.95 million, a P/E ratio of -14.73 and a beta of 0.96. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. Hecla Mining has a one year low of $1.21 and a one year high of $3.12.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.03). The firm had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative net margin of 20.98% and a negative return on equity of 6.02%. The firm’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.01 earnings per share. On average, analysts expect that Hecla Mining will post -0.14 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd will be paid a $0.002 dividend. This represents a $0.01 annualized dividend and a yield of 0.49%. The ex-dividend date of this dividend is Thursday, August 22nd. Hecla Mining’s dividend payout ratio is presently -9.09%.

In other Hecla Mining news, Director Catherine J. Boggs purchased 40,540 shares of the stock in a transaction on Friday, August 16th. The stock was acquired at an average cost of $1.50 per share, with a total value of $60,810.00. Following the completion of the purchase, the director now directly owns 40,540 shares of the company’s stock, valued at approximately $60,810. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.80% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Wedbush Securities Inc. bought a new stake in Hecla Mining in the first quarter worth $25,000. Advisors Management Group Inc. ADV bought a new stake in Hecla Mining in the second quarter worth $31,000. Piedmont Investment Advisors Inc. bought a new stake in Hecla Mining in the first quarter worth $32,000. Corient Capital Partners LLC bought a new position in shares of Hecla Mining during the second quarter valued at about $41,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Hecla Mining during the second quarter valued at about $41,000. 57.10% of the stock is owned by institutional investors and hedge funds.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Featured Article: What is a Real Estate Investment Trust (REIT)?

Analyst Recommendations for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.