Hecla Mining (NYSE:HL) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Hecla Mining (NYSE:HLGet Rating) from a hold rating to a sell rating in a report published on Tuesday morning.

A number of other research firms also recently commented on HL. Zacks Investment Research raised Hecla Mining from a strong sell rating to a hold rating in a report on Tuesday, April 26th. HC Wainwright raised their target price on Hecla Mining from $7.75 to $8.25 and gave the company a buy rating in a report on Wednesday, April 13th. Finally, Roth Capital downgraded Hecla Mining from a buy rating to a neutral rating and raised their target price for the company from $6.25 to $6.50 in a report on Wednesday, April 13th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $7.76.

Shares of NYSE HL opened at $4.55 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.13 and a quick ratio of 1.71. The stock has a fifty day moving average price of $6.22 and a 200 day moving average price of $5.74. Hecla Mining has a 1-year low of $4.07 and a 1-year high of $9.44. The company has a market cap of $2.45 billion, a PE ratio of -28.44 and a beta of 2.07.

Hecla Mining (NYSE:HLGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The basic materials company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Hecla Mining had a return on equity of 2.76% and a net margin of 2.02%. The company had revenue of $186.50 million for the quarter, compared to analyst estimates of $186.09 million. During the same period in the prior year, the business earned $0.06 earnings per share. Hecla Mining’s revenue for the quarter was down 11.6% compared to the same quarter last year. Analysts anticipate that Hecla Mining will post 0.12 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 10th. Stockholders of record on Wednesday, May 25th will be paid a dividend of $0.006 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.53%. The ex-dividend date of this dividend is Tuesday, May 24th. Hecla Mining’s dividend payout ratio (DPR) is presently -18.75%.

Large investors have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC acquired a new position in shares of Hecla Mining during the 4th quarter worth $63,000. National Bank of Canada FI acquired a new position in shares of Hecla Mining during the 4th quarter worth $100,000. ProShare Advisors LLC increased its position in Hecla Mining by 70.5% during the 4th quarter. ProShare Advisors LLC now owns 116,149 shares of the basic materials company’s stock worth $606,000 after purchasing an additional 48,010 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Hecla Mining by 2.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 29,656,061 shares of the basic materials company’s stock worth $163,108,000 after purchasing an additional 644,131 shares in the last quarter. Finally, Kestra Advisory Services LLC increased its position in Hecla Mining by 47.3% during the 4th quarter. Kestra Advisory Services LLC now owns 204,483 shares of the basic materials company’s stock worth $1,067,000 after purchasing an additional 65,679 shares in the last quarter. 59.78% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Company Profile (Get Rating)

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors,; and doré containing silver and gold.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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