In yesterday’s Wall Street session, Hecla Mining Co. (NYSE:HL) shares traded at $4.26, unchanged from the previous session.
As of this writing, 11 analysts cover Hecla Mining Co. (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 $4.40, we find $6.00. Given the previous closing price of $4.26, this indicates a potential upside of 40.85 percent. HL stock price is now 2.91% away from the 50-day moving average and -19.65% away from the 200-day moving average. The market capitalization of the company currently stands at $2.63B.
There are 3 analysts who have given it a hold rating, whereas 8 have given it a buy rating. Brokers who have rated the stock have averaged $6.15 as their price target over the next twelve months.
With the price target enhanced from $4 to $4.40, ROTH MKM Upgraded its rating from Neutral to Buy for Hecla Mining Co. (NYSE: HL).
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 $0.11 million. Insiders disposed of 212,206 shares of company stock worth roughly $0.9 million over the past 1 year. A total of 7.14% 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 Co. shares was purchased by BESSEMER GROUP INC during the first quarter worth $2,933,000. OCCUDO QUANTITATIVE STRATEGIES LP invested $1,459,000 in shares of HL during the first quarter. In the first quarter, EXODUSPOINT CAPITAL MANAGEMENT, LP acquired a new stake in Hecla Mining Co. valued at approximately $1,027,000. QUANTBOT TECHNOLOGIES LP acquired a new stake in HL for approximately $908,000. GTS SECURITIES LLC purchased a new stake in HL valued at around $842,000 in the second quarter. In total, there are 413 active investors with 62.23% ownership of the company’s stock.
Friday morning saw Hecla Mining Co. (NYSE: HL) opened at $4.2500. During the past 12 months, Hecla Mining Co. has had a low of $3.55 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 1.71, and a quick ratio of 1.09. The fifty day moving average price for HL is $4.1336 and a two-hundred day moving average price translates $5.2973 for the stock.
The latest earnings results from Hecla Mining Co. (NYSE: HL) was released for Jun, 2023. According to the Other Precious Metals & Mining Company, earnings per share came in at $0.03, beating analysts’ expectations of $0 by 0.03. This compares to -$0.03 EPS in the same period last year. The net profit margin was -6.59% and return on equity was -2.48% 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. For the current quarter, analysts expect HL to generate $175.33M in revenue.
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 $0.03 dividend and a 0.70% percent yield. There was an ex-dividend date of 08/23/2023 for this dividend.
