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

Hecla Mining (NYSE:HL) had its price objective increased by HC Wainwright from $3.00 to $3.75 in a research note released on Monday, August 19th, BenzingaRatingsTable reports. They currently have a buy rating on the basic materials company’s stock.

Several other equities research analysts also recently weighed in on HL. ValuEngine raised shares of Hecla Mining from a hold rating to a buy rating in a research report on Tuesday, July 2nd. BMO Capital Markets set a $1.00 price objective on shares of Hecla Mining and gave the stock a sell rating in a research note on Friday, July 19th. Scotiabank cut shares of Hecla Mining from a sector perform rating to an underperform rating and set a $1.00 price objective on the stock. in a report on Friday, May 10th. JPMorgan Chase & Co. lowered Hecla Mining from an overweight rating to a neutral rating in a report on Friday, May 10th. Finally, CIBC downgraded shares of Hecla Mining from a neutral rating to an underperform rating and set a $1.56 price target on the stock. in a research report on Tuesday, May 14th. Six research 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. Hecla Mining currently has a consensus rating of Hold and a consensus price target of $2.32.

Hecla Mining stock traded up $0.18 during trading on Monday, hitting $1.93. The company’s stock had a trading volume of 8,689,724 shares, compared to its average volume of 7,124,920. The stock has a market capitalization of $884.90 million, a price-to-earnings ratio of -17.55 and a beta of 0.96. Hecla Mining has a 1-year low of $1.21 and a 1-year high of $3.12. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.55 and a current ratio of 1.23. The stock’s fifty day moving average is $1.75 and its 200 day moving average is $1.91.

Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.04) by ($0.03). The business had revenue of $134.17 million during 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 business’s revenue was down 8.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.01 EPS. On average, research analysts anticipate that Hecla Mining will post -0.12 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 3rd. Shareholders of record on Friday, August 23rd were issued a dividend of $0.002 per share. The ex-dividend date was Thursday, August 22nd. This represents a $0.01 annualized dividend and a yield of 0.41%. Hecla Mining’s dividend payout ratio (DPR) is presently -9.09%.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC bought a new position in Hecla Mining in the 2nd quarter worth approximately $3,389,000. Price T Rowe Associates Inc. MD raised its holdings in Hecla Mining by 34.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 486,679 shares of the basic materials company’s stock worth $876,000 after buying an additional 124,956 shares during the period. UBS Asset Management Americas Inc. grew its holdings in shares of Hecla Mining by 11.8% during the second quarter. UBS Asset Management Americas Inc. now owns 284,999 shares of the basic materials company’s stock worth $513,000 after buying an additional 30,065 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Hecla Mining by 187.2% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 58,586 shares of the basic materials company’s stock worth $105,000 after acquiring an additional 38,186 shares in the last quarter. Finally, Advisors Management Group Inc. ADV bought a new position in Hecla Mining in the second quarter valued at $31,000. 58.18% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Company Profile

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.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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