Hecla Mining Co. (NYSE:HL) was upgraded by Vetr from a “buy” rating to a “strong-buy” rating in a note issued to investors on Monday. The firm presently has a $6.84 price target on the stock. Vetr‘s price target indicates a potential upside of 11.04% from the stock’s previous close.
HL has been the subject of several other reports. BMO Capital Markets cut shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research note on Tuesday, August 23rd. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Tuesday, October 11th. FBR & Co upped their target price on shares of Hecla Mining from $5.00 to $6.00 and gave the company a “mkt perform” rating in a research note on Tuesday, August 9th. Canaccord Genuity started coverage on shares of Hecla Mining in a report on Tuesday, October 25th. They issued a “hold” rating and a $6.00 price target on the stock. Finally, JPMorgan Chase & Co. raised shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price target on the stock in a report on Tuesday, August 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $6.04.
Shares of Hecla Mining (NYSE:HL) traded up 2.16% during mid-day trading on Monday, reaching $6.16. 16,664,031 shares of the company traded hands. The stock’s 50 day moving average is $6.00 and its 200 day moving average is $5.64. Hecla Mining has a 52-week low of $1.45 and a 52-week high of $7.64. The stock’s market capitalization is $2.43 billion.
Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, November 8th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. The firm earned $179.40 million during the quarter, compared to analysts’ expectations of $163.48 million. Hecla Mining had a negative net margin of 2.29% and a positive return on equity of 4.88%. The business’s quarterly revenue was up 70.9% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.05) EPS. On average, analysts anticipate that Hecla Mining will post $0.20 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Stockholders of record on Monday, November 21st will be issued a $0.0025 dividend. This represents a $0.01 annualized dividend and a dividend yield of 0.16%. The ex-dividend date of this dividend is Thursday, November 17th. Hecla Mining’s payout ratio is -24.99%.
Large investors have recently modified their holdings of the company. Brookfield Asset Management Inc. bought a new stake in shares of Hecla Mining during the third quarter worth approximately $3,848,000. Price T Rowe Associates Inc. MD raised its stake in shares of Hecla Mining by 57.5% in the third quarter. Price T Rowe Associates Inc. MD now owns 243,400 shares of the company’s stock worth $1,387,000 after buying an additional 88,900 shares in the last quarter. LPL Financial LLC raised its stake in shares of Hecla Mining by 24.2% in the third quarter. LPL Financial LLC now owns 43,686 shares of the company’s stock worth $225,000 after buying an additional 8,516 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Hecla Mining by 683.5% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 239,175 shares of the company’s stock worth $1,363,000 after buying an additional 208,650 shares in the last quarter. Finally, Panagora Asset Management Inc. bought a new stake in shares of Hecla Mining during the third quarter worth approximately $633,000. 53.62% of the stock is currently owned by hedge funds and other institutional investors.
Hecla Mining Company Profile
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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.