Roth Mkm Cuts Hecla Mining (NYSE:HL) Price Target to $6.50

Hecla Mining (NYSE:HL) had its target price decreased by Roth Mkm from $6.60 to $6.50 in a report published on Tuesday morning,Benzinga reports. Roth Mkm currently has a buy rating on the basic materials company’s stock.

A number of other research firms also recently issued reports on HL. HC Wainwright reaffirmed a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday. TD Securities dropped their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a report on Friday, November 8th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Four analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $8.38.

Hecla Mining Stock Up 4.9 %

Shares of NYSE:HL opened at $5.65 on Tuesday. The firm has a fifty day moving average price of $5.42 and a two-hundred day moving average price of $5.86. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.08 and a quick ratio of 0.55. Hecla Mining has a one year low of $3.40 and a one year high of $7.68. The company has a market cap of $3.57 billion, a price-to-earnings ratio of 112.92 and a beta of 1.91.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The company had revenue of $249.66 million for the quarter, compared to the consensus estimate of $229.21 million. Analysts anticipate that Hecla Mining will post 0.2 EPS for the current fiscal year.

Hecla Mining Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 24th. Investors of record on Monday, March 10th will be given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.27%. The ex-dividend date of this dividend is Monday, March 10th. Hecla Mining’s payout ratio is presently 100.02%.

Hedge Funds Weigh In On Hecla Mining

Large investors have recently added to or reduced their stakes in the business. Charles Schwab Investment Management Inc. raised its position in Hecla Mining by 7.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,718,551 shares of the basic materials company’s stock worth $44,813,000 after purchasing an additional 456,107 shares during the period. FMR LLC increased its position in shares of Hecla Mining by 51.3% in the third quarter. FMR LLC now owns 5,435,909 shares of the basic materials company’s stock valued at $36,258,000 after acquiring an additional 1,842,991 shares during the period. Intech Investment Management LLC purchased a new position in shares of Hecla Mining in the third quarter valued at about $1,210,000. Geode Capital Management LLC increased its position in shares of Hecla Mining by 5.4% in the third quarter. Geode Capital Management LLC now owns 13,865,241 shares of the basic materials company’s stock valued at $92,499,000 after acquiring an additional 711,676 shares during the period. Finally, BNP Paribas Financial Markets increased its position in shares of Hecla Mining by 378.1% in the third quarter. BNP Paribas Financial Markets now owns 897,261 shares of the basic materials company’s stock valued at $5,985,000 after acquiring an additional 709,576 shares during the period. Hedge funds and other institutional investors own 63.01% of the company’s stock.

About Hecla Mining

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.