The stock of Hecla Mining Company (NYSE:HL) last traded at $5.25, up 0.77% from the previous session.
Data from the available sources indicates that Hecla Mining Company (NYSE:HL) is covered by 10 analysts. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $10.00 and a low of $5.50, we find $7.00. Given the previous closing price of $5.21, this indicates a potential upside of 34.36 percent. HL stock price is now -3.25% away from the 50-day moving average and -5.27% away from the 200-day moving average. The market capitalization of the company currently stands at $3.26B.
In total, 4 analysts have assigned it a hold rating, and 6 have given it a buy rating. Brokers who have rated the stock have averaged $7.13 as their price target over the next twelve months.
With the price target of $7.50, National Bank Financial recently initiated with Outperform rating for Hecla Mining Company (NYSE: HL).
Insiders disposed of 212,206 shares of company stock worth roughly $1.11 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HL stock. A new stake in Hecla Mining Company shares was purchased by SCOUT INVESTMENTS, INC. during the first quarter worth $11,830,000. QUADRATURE CAPITAL LTD invested $1,620,000 in shares of HL during the first quarter. In the first quarter, CAPITAL FUND MANAGEMENT S.A. acquired a new stake in Hecla Mining Company valued at approximately $1,204,000. HRT FINANCIAL LP acquired a new stake in HL for approximately $1,087,000. SEI INVESTMENTS CO purchased a new stake in HL valued at around $789,000 in the second quarter. In total, there are 413 active investors with 58.80% ownership of the company’s stock.
With an opening price of $5.27 on Friday morning, Hecla Mining Company (NYSE: HL) set off the trading day. During the past 12 months, Hecla Mining Company has had a low of $3.41 and a high of $7.00. As of last week, the company has a debt-to-equity ratio of 0.26, a current ratio of 1.50, and a quick ratio of 1.00. The fifty day moving average price for HL is $5.42 and a two-hundred day moving average price translates $5.55 for the stock.
The latest earnings results from Hecla Mining Company (NYSE: HL) was released for Mar, 2023. According to the Other Precious Metals & Mining Company, earnings per share came in at $0.01, missing analysts’ expectations of $0.02 by -0.01. This compares to $0.01 EPS in the same period last year. The net profit margin was -6.20% and return on equity was -2.30% for HL. The company reported revenue of $199.5 million for the quarter, compared to $186.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 6.97 percent. For the current quarter, analysts expect HL to generate $171.36M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/09/2023. Investors who held shares on 05/22/2023 were paid a $0.00625 dividend. On an annualized basis, this represents a $0.02 dividend and a 0.44% percent yield. There was an ex-dividend date of 05/19/2023 for this dividend.
