According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “
Several other research analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Hecla Mining from an overweight rating to a neutral rating in a report on Friday, May 10th. HC Wainwright set a $6.00 price objective on shares of Hecla Mining and gave the company a buy rating in a report on Monday, April 22nd. BMO Capital Markets set a $2.00 price objective on shares of Hecla Mining and gave the company a hold rating in a report on Monday, April 22nd. B. Riley reaffirmed a neutral rating and issued a $3.00 price target (down previously from $3.50) on shares of Hecla Mining in a report on Friday, March 1st. Finally, Scotiabank downgraded shares of Hecla Mining from a sector perform rating to an underperform rating and set a $1.00 price target for the company. in a report on Friday, May 10th. Five analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $2.99.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.74%. The company had revenue of $152.60 million for the quarter, compared to the consensus estimate of $150.31 million. During the same period last year, the company earned $0.02 EPS. The firm’s revenue for the quarter was up 9.2% on a year-over-year basis. On average, sell-side analysts forecast that Hecla Mining will post -0.07 EPS for the current fiscal year.
The firm also recently declared a dividend, which was paid on Tuesday, June 4th. Investors of record on Friday, May 24th were issued a $0.002 dividend. The ex-dividend date of this dividend was Thursday, May 23rd. Hecla Mining’s payout ratio is -9.09%.
Large investors have recently made changes to their positions in the stock. Wedbush Securities Inc. purchased a new stake in shares of Hecla Mining in the 1st quarter valued at approximately $25,000. Brookstone Capital Management purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $27,000. Piedmont Investment Advisors Inc. purchased a new stake in shares of Hecla Mining in the 1st quarter valued at approximately $32,000. Timber Hill LLC purchased a new stake in shares of Hecla Mining in the 4th quarter valued at approximately $35,000. Finally, Envestnet Asset Management Inc. purchased a new stake in shares of Hecla Mining in the 1st quarter valued at approximately $40,000. 59.41% of the stock is owned by hedge funds and other institutional investors.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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