Hecla Mining (NYSE:HL) Price Target Lowered to $6.50 at TD Securities

Hecla Mining (NYSE:HL) had its price target cut by TD Securities from $7.00 to $6.50 in a research note published on Friday,BayStreet.CA reports. They currently have a buy rating on the basic materials company’s stock.

Several other research analysts also recently weighed in on the stock. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Finally, Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Hecla Mining Price Performance

HL opened at $5.23 on Friday. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 52-week low of $3.40 and a 52-week high of $7.68. The company has a 50 day moving average of $5.42 and a two-hundred day moving average of $5.86. The company has a market cap of $3.30 billion, a P/E ratio of 104.52 and a beta of 1.91.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million during the quarter, compared to analysts’ expectations of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. On average, analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Hecla Mining Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 24th. Stockholders of record on Monday, March 10th will be given a $0.0038 dividend. The ex-dividend date is Monday, March 10th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.29%. Hecla Mining’s payout ratio is currently 20.00%.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov purchased 6,570 shares of Hecla Mining stock in a transaction dated Wednesday, February 19th. The shares were bought at an average cost of $5.29 per share, for a total transaction of $34,755.30. Following the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. This represents a 2.02 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Trading of Hecla Mining

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Hecla Mining by 771.8% during the 4th quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after buying an additional 4,438 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining during the 4th quarter worth about $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the 4th quarter worth about $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hecla Mining during the 3rd quarter worth about $28,000. Finally, Blue Trust Inc. raised its position in shares of Hecla Mining by 30.7% during the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after buying an additional 1,961 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

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.