The price of Hecla Mining Company (NYSE:HL) shares last traded on Wall Street fell -4.30% to $4.01.
Based on available information, 11 analysts follow Hecla Mining Company (NYSE:HL). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $9.00 and a low of $4.00, we find $6.00. Given the previous closing price of $4.19, this indicates a potential upside of 43.2 percent. HL stock price is now -18.35% away from the 50-day moving average and -26.86% away from the 200-day moving average. The market capitalization of the company currently stands at $2.39B.
Among analysts, 4 rate the stock a hold while 7 rate it a buy. Brokers who have rated the stock have averaged $6.20 as their price target over the next twelve months.
In other news, Johnson George R, Director bought 8,500 shares of the company’s stock on Aug 22. The stock was bought for $34,585 at an average price of $4.07. Upon completion of the transaction, the Director now directly owns 25,773 shares in the company, valued at $0.1 million. Insiders disposed of 212,206 shares of company stock worth roughly $0.85 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 BESSEMER GROUP INC during the first quarter worth $2,761,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $1,373,000 in shares of HL during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Hecla Mining Company valued at approximately $967,000. QUANTBOT TECHNOLOGIES LP acquired a new stake in HL for approximately $854,000. GTS SECURITIES LLC purchased a new stake in HL valued at around $792,000 in the second quarter. In total, there are 413 active investors with 58.80% ownership of the company’s stock.
A candlestick chart of Hecla Mining Company (NYSE: HL) showed a price of $4.1800 on Tuesday morning. 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 0.29, a current ratio of 1.70, and a quick ratio of 1.10. The fifty day moving average price for HL is $4.8858 and a two-hundred day moving average price translates $5.4795 for the stock.
The latest earnings results from Hecla Mining Company (NYSE: HL) was released for Jun, 2023. The net profit margin was -6.60% and return on equity was -2.40% for HL. The company reported revenue of $178.13 million for the quarter, compared to $191.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -6.86 percent.
Moreover, the firm recently paid out its quarterly dividend on 09/07/2023. Investors who held shares on 08/24/2023 were paid a $0.00625 dividend. On an annualized basis, this represents a $0.02 dividend and a 0.57% percent yield. There was an ex-dividend date of 08/23/2023 for this dividend.
Hecla Mining Company(HL) Company Profile
Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold. It owns 100% interests in the Greens Creek mine located on Admiralty Island in southeast Alaska; the Lucky Friday mine situated in northern Idaho; the Keno Hill mine located in the Keno Hill Silver District of Yukon Territory, Canada; the Casa Berardi mine located in the Abitibi region of northwestern Quebec, Canada; and the San Sebastian mine situated in the city of Durango, Mexico. The company was incorporated in 1891 and is headquartered in Coeur d’Alene, Idaho.
