Cibc World Mkts Upgrades Hecla Mining (NYSE:HL) to “Hold”

Cibc World Mkts upgraded shares of Hecla Mining (NYSE:HL) to a hold rating in a research note published on Wednesday, Zacks.com reports.

HL has been the topic of several other research reports. CIBC boosted their target price on Hecla Mining from $6.75 to $7.50 and gave the company a neutral rating in a research note on Wednesday. StockNews.com upgraded Hecla Mining to a sell rating in a research note on Thursday, May 9th. HC Wainwright restated a buy rating and issued a $10.25 target price on shares of Hecla Mining in a research note on Thursday, May 9th. National Bank Financial restated an outperform market weight rating on shares of Hecla Mining in a research note on Monday, April 8th. Finally, Roth Mkm boosted their price target on Hecla Mining from $4.60 to $6.00 and gave the stock a buy rating in a research report on Tuesday, April 9th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Hecla Mining presently has a consensus rating of Moderate Buy and a consensus price target of $6.97.

Hecla Mining Trading Down 2.4 %

NYSE:HL opened at $5.63 on Wednesday. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. The stock has a market capitalization of $3.53 billion, a PE ratio of -37.53 and a beta of 2.21. The business’s 50-day simple moving average is $5.14 and its 200-day simple moving average is $4.57.

Hecla Mining Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 24th will be issued a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.43%. The ex-dividend date of this dividend is Thursday, May 23rd. Hecla Mining’s payout ratio is presently -20.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Van ECK Associates Corp boosted its stake in Hecla Mining by 6.8% in the 1st quarter. Van ECK Associates Corp now owns 60,513,592 shares of the basic materials company’s stock valued at $291,070,000 after purchasing an additional 3,827,580 shares during the period. Vanguard Group Inc. lifted its position in shares of Hecla Mining by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 59,420,114 shares of the basic materials company’s stock valued at $285,811,000 after acquiring an additional 1,506,573 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Hecla Mining by 0.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 34,919,446 shares of the basic materials company’s stock valued at $167,967,000 after acquiring an additional 168,185 shares during the period. Tidal Investments LLC bought a new stake in shares of Hecla Mining during the 1st quarter valued at $42,576,000. Finally, Jupiter Asset Management Ltd. lifted its position in shares of Hecla Mining by 19.0% during the 1st quarter. Jupiter Asset Management Ltd. now owns 7,310,422 shares of the basic materials company’s stock valued at $35,163,000 after acquiring an additional 1,165,256 shares during the period. 63.01% of the stock is owned by institutional investors and hedge funds.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.