Royal Bank of Canada set a $5.00 price objective on Hecla Mining (NYSE:HL) in a research report report published on Tuesday. The brokerage currently has a hold rating on the basic materials company’s stock.
A number of other research analysts have also weighed in on the company. HC Wainwright decreased their target price on Hecla Mining to $7.50 and set a buy rating on the stock in a report on Tuesday. BMO Capital Markets decreased their target price on Hecla Mining from $4.50 to $4.00 and set a hold rating on the stock in a report on Tuesday. Zacks Investment Research raised Hecla Mining from a sell rating to a hold rating in a report on Thursday, March 15th. ValuEngine lowered Hecla Mining from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $5.00 price objective on shares of Hecla Mining in a report on Monday, January 8th. Three research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. The company has an average rating of Hold and a consensus target price of $5.14.
Hecla Mining (NYSE:HL) opened at $3.65 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86. The firm has a market capitalization of $1,421.85, a P/E ratio of -60.83, a P/E/G ratio of 152.57 and a beta of 0.30. Hecla Mining has a 1-year low of $3.25 and a 1-year high of $6.17.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.03 EPS. analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 13th. Shareholders of record on Tuesday, March 6th were issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend was Monday, March 5th. Hecla Mining’s dividend payout ratio is -16.67%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB acquired a new position in Hecla Mining in the 4th quarter valued at $180,000. MetLife Investment Advisors LLC acquired a new position in Hecla Mining in the 4th quarter valued at $630,000. LPL Financial LLC grew its holdings in Hecla Mining by 23.7% in the 4th quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock valued at $484,000 after buying an additional 23,306 shares in the last quarter. Millennium Management LLC acquired a new position in Hecla Mining in the 4th quarter valued at $13,161,000. Finally, TIAA CREF Investment Management LLC grew its holdings in Hecla Mining by 29.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 1,419,693 shares of the basic materials company’s stock valued at $5,636,000 after buying an additional 319,706 shares in the last quarter. 59.98% of the stock is currently owned by hedge funds and other institutional investors.
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Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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