Brokerages Set Hecla Mining Company (NYSE:HL) Target Price at $22.25

Hecla Mining Company (NYSE:HL) has received an average rating of “Hold” from the nine research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have given a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.25.

HL has been the subject of a number of recent analyst reports. HC Wainwright reduced their target price on Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a report on Wednesday, May 6th. Canaccord Genuity Group raised Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, April 29th. Roth Mkm set a $13.00 target price on Hecla Mining in a report on Wednesday, February 18th. Canadian Imperial Bank of Commerce raised their target price on Hecla Mining from $27.00 to $32.00 and gave the company a “neutral” rating in a report on Wednesday, January 28th. Finally, Scotiabank lifted their price target on Hecla Mining from $15.00 to $25.00 and gave the stock a “sector perform” rating in a research note on Monday, January 26th.

Hecla Mining Price Performance

Hecla Mining stock opened at $17.64 on Monday. Hecla Mining has a one year low of $4.71 and a one year high of $34.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94. The business has a fifty day moving average of $19.02 and a two-hundred day moving average of $19.68. The company has a market cap of $11.83 billion, a P/E ratio of 43.03 and a beta of 1.26.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.24 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business had revenue of $411.43 million during the quarter, compared to analyst estimates of $407.63 million. During the same period last year, the business posted $0.04 EPS. Hecla Mining’s revenue was up 57.4% compared to the same quarter last year. As a group, analysts predict that Hecla Mining will post 0.93 earnings per share for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 10th. Stockholders of record on Friday, May 22nd will be paid a dividend of $0.0038 per share. This represents a $0.02 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend is Friday, May 22nd. Hecla Mining’s payout ratio is 2.44%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Quantinno Capital Management LP raised its stake in shares of Hecla Mining by 18.5% during the 1st quarter. Quantinno Capital Management LP now owns 87,565 shares of the basic materials company’s stock worth $1,631,000 after buying an additional 13,653 shares during the last quarter. Themes Management Co LLC raised its stake in shares of Hecla Mining by 96.7% during the 1st quarter. Themes Management Co LLC now owns 23,238 shares of the basic materials company’s stock worth $433,000 after buying an additional 11,427 shares during the last quarter. Waverly Advisors LLC acquired a new position in shares of Hecla Mining during the 1st quarter worth $398,000. Entropy Technologies LP raised its stake in shares of Hecla Mining by 443.9% during the 1st quarter. Entropy Technologies LP now owns 555,425 shares of the basic materials company’s stock worth $10,348,000 after buying an additional 453,301 shares during the last quarter. Finally, Renaissance Technologies LLC acquired a new position in shares of Hecla Mining during the 1st quarter worth $72,659,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

About Hecla Mining

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.