Brokerages Set Hecla Mining Company (NYSE:HL) Price Target at $21.63

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

A number of research analysts recently issued reports on HL shares. Scotiabank boosted their target price on shares of Hecla Mining from $15.00 to $25.00 and gave the company a “sector perform” rating in a research report on Monday, January 26th. Wall Street Zen upgraded shares of Hecla Mining from a “buy” rating to a “strong-buy” rating in a report on Saturday. HC Wainwright raised their target price on Hecla Mining from $16.50 to $36.50 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Hecla Mining in a research report on Monday, December 29th. Finally, Canadian Imperial Bank of Commerce upped their price target on Hecla Mining from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 28th.

Hecla Mining Price Performance

Hecla Mining stock opened at $17.91 on Friday. The stock has a market capitalization of $12.01 billion, a price-to-earnings ratio of 36.56 and a beta of 1.22. Hecla Mining has a 52-week low of $4.46 and a 52-week high of $34.17. The stock’s 50 day moving average price is $23.16 and its two-hundred day moving average price is $18.00. The company has a debt-to-equity ratio of 0.10, a quick ratio of 2.22 and a current ratio of 2.72.

Hecla Mining Announces Dividend

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

Insider Buying and Selling at Hecla Mining

In other news, VP Kurt Allen sold 52,219 shares of the company’s stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total transaction of $1,144,118.29. Following the transaction, the vice president directly owned 216,641 shares of the company’s stock, valued at $4,746,604.31. This represents a 19.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.40% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of HL. Lodestone Wealth Management LLC bought a new position in shares of Hecla Mining in the fourth quarter valued at $28,000. Quadrant Capital Group LLC increased its position in shares of Hecla Mining by 74.3% during the fourth quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 631 shares in the last quarter. Sittner & Nelson LLC acquired a new stake in shares of Hecla Mining in the 4th quarter worth about $29,000. Eurizon Capital SGR S.p.A. acquired a new stake in shares of Hecla Mining in the 4th quarter worth about $31,000. Finally, Rothschild Investment LLC lifted its position in Hecla Mining by 93.5% in the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after acquiring an additional 781 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.