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

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

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

Hecla Mining Trading Up 4.9 %

NYSE:HL opened at $5.65 on Tuesday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The firm has a market cap of $3.57 billion, a price-to-earnings ratio of 112.92 and a beta of 1.91. Hecla Mining has a 52 week low of $3.40 and a 52 week high of $7.68. The firm has a 50-day moving average price of $5.42 and a two-hundred day moving average price of $5.86.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 EPS 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, equities analysts expect that Hecla Mining will post 0.2 earnings per share for the current fiscal year.

Hecla Mining Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HL. Tidal Investments LLC boosted its holdings in Hecla Mining by 100.5% in the 4th quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company’s stock worth $77,999,000 after buying an additional 7,960,826 shares during the period. Wealthfront Advisers LLC bought a new position in Hecla Mining in the 4th quarter valued at $18,441,000. Marshall Wace LLP boosted its holdings in Hecla Mining by 182.4% in the 4th quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock valued at $24,580,000 after purchasing an additional 3,233,116 shares during the period. Van ECK Associates Corp boosted its holdings in Hecla Mining by 4.3% in the 3rd quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock valued at $391,510,000 after purchasing an additional 2,238,559 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in Hecla Mining in the 3rd quarter valued at $14,623,000. 63.01% of the stock is owned by institutional investors.

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.