Hecla Mining Company (NYSE:HL) Receives $21.63 Average Price Target from Brokerages

Shares of Hecla Mining Company (NYSE:HL) have been given a consensus recommendation of “Hold” by the ten research firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.6250.

Several brokerages have recently commented on HL. BMO Capital Markets upped their price objective on shares of Hecla Mining from $16.00 to $28.00 and gave the company a “market perform” rating in a research note on Tuesday, January 27th. Roth Mkm set a $13.00 price objective on shares of Hecla Mining in a research note on Wednesday, February 18th. Scotiabank upped their price objective on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research note on Monday, January 26th. Zacks Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th.

Institutional Trading of Hecla Mining

Institutional investors and hedge funds have recently bought and sold shares of the stock. Lodestone Wealth Management LLC purchased a new stake in Hecla Mining in the fourth quarter worth about $28,000. Quadrant Capital Group LLC lifted its holdings in Hecla Mining by 74.3% in the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after buying an additional 631 shares during the period. Sittner & Nelson LLC purchased a new stake in Hecla Mining in the fourth quarter worth about $29,000. Eurizon Capital SGR S.p.A. purchased a new stake in Hecla Mining in the fourth quarter worth about $31,000. Finally, Rothschild Investment LLC lifted its holdings in Hecla Mining by 93.5% in the fourth quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock worth $31,000 after buying an additional 781 shares during the period. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Stock Performance

Shares of NYSE:HL opened at $19.50 on Thursday. The company has a market cap of $13.07 billion, a price-to-earnings ratio of 39.79 and a beta of 1.40. The company has a 50-day moving average price of $20.58 and a 200-day moving average price of $18.92. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. Hecla Mining has a 12 month low of $4.51 and a 12 month high of $34.17.

Hecla Mining Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 24th. Shareholders of record on Monday, March 9th were issued a $0.0038 dividend. The ex-dividend date was Monday, March 9th. This represents a $0.02 annualized dividend and a yield of 0.1%. Hecla Mining’s dividend payout ratio (DPR) is 2.04%.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.