A number of other equities analysts also recently weighed in on HL. Canaccord Genuity downgraded shares of Hecla Mining from a buy rating to a hold rating in a research note on Tuesday, January 15th. HC Wainwright reaffirmed a buy rating and set a $5.50 target price on shares of Hecla Mining in a research note on Wednesday, January 16th. Royal Bank of Canada downgraded shares of Hecla Mining from a sector perform rating to an underperform rating and decreased their target price for the company from $46.00 to $2.45 in a research note on Thursday, January 17th. ValuEngine downgraded shares of Hecla Mining from a buy rating to a hold rating in a research note on Tuesday, January 22nd. Finally, B. Riley reiterated a neutral rating and set a $3.00 price target (down previously from $3.50) on shares of Hecla Mining in a report on Friday, March 1st. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Hecla Mining presently has an average rating of Hold and a consensus target price of $3.37.
Shares of NYSE HL opened at $1.58 on Friday. Hecla Mining has a fifty-two week low of $1.52 and a fifty-two week high of $4.05. The company has a market cap of $861.26 million, a price-to-earnings ratio of -14.36 and a beta of 0.33. The company has a quick ratio of 0.56, a current ratio of 1.21 and a debt-to-equity ratio of 0.32.
Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, May 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.76%. The business had revenue of $152.60 million for the quarter, compared to the consensus estimate of $150.31 million. During the same period in the prior year, the business posted $0.02 EPS. Hecla Mining’s revenue for the quarter was up 9.2% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Sunday, June 9th. Stockholders of record on Friday, May 24th will be issued a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.63%. The ex-dividend date of this dividend is Thursday, May 23rd. Hecla Mining’s payout ratio is -9.09%.
Several large investors have recently bought and sold shares of the company. Wedbush Securities Inc. purchased a new stake in Hecla Mining in the first quarter worth approximately $25,000. Brookstone Capital Management purchased a new stake in Hecla Mining in the fourth quarter worth approximately $27,000. Piedmont Investment Advisors Inc. purchased a new stake in Hecla Mining in the first quarter worth approximately $32,000. Strategic Family Wealth Counselors L.L.C. purchased a new stake in Hecla Mining in the fourth quarter worth approximately $34,000. Finally, Timber Hill LLC purchased a new stake in Hecla Mining in the fourth quarter worth approximately $35,000. Hedge funds and other institutional investors own 60.60% of the company’s stock.
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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