According to Bloomberg, the seven research firms following Hecla Mining (NYSE: HL) have given the company an average “Moderate Buy” rating for the stock they are tracking.
These research firms determined this rating to be appropriate.
There have been a total of six analysts who have recommended to investors that they should buy the stock, while only one has recommended that investors continue to hold onto it.
The stock price is anticipated to be $5.92, according to the majority forecast offered by market analysts who have covered it in the preceding twelve months.
During the most recent period, numerous hedge funds and other institutional investors bought and sold HL shares.
During the last three months of 2018, Newbridge Financial Services Group INC increased the proportion of Hecla Mining holdings by 200 percentage points. Following the acquisition of an additional 3,000 shares during the period in question, Newbridge Financial Services Group INC now holds 4,500 shares of stock in the basic materials company.
These 4,500 shares have a combined value of $2,500 because the company has invested in them.
During the three months that ended on December 31, Belpointe Asset Management LLC spent $52,000 purchasing new shares of Hecla Mining.
These shares represented a fresh investment in the company.
During the second quarter, the investment portfolio managed by Captrust Financial Advisors saw a 104.3% increase in the percentage of Hecla Mining shares it held compared to the first quarter. Captrust Financial Advisors now has 9,659 shares of the stock held by the basic materials company due to the purchase of an additional 4,932 shares throughout the period above.
There is a value of $38,000 associated with these shares.
During the second quarter of the fiscal year, Verition Fund Management LLC made a new investment in Hecla Mining by paying forty thousand dollars.
Last but not least, during the third quarter, Private Advisor Group LLC put $42,000 into an investment in Hecla Mining.
This expenditure should not be considered the least important.
The company’s outstanding shares are currently owned by hedge funds and other types of institutional investors, for 59.73% of the total.
HL has been the subject of several reports compiled by various analysts.
In a research report released on Friday, January 13, BMO Capital Markets increased their price target for Hecla Mining from $4.75 to $5.00.
The report was about the company’s stock.
In addition, the company’s stock was given a rating of “market perform” by the research firm. StockNews.com was the first news outlet to cover the company whose stock was Hecla Mining in a story made available on Thursday. StockNews.com was the first news outlet.
They suggested that customers “sell” the company to the company.
In a report made public on February 16, Canaccord Genuity Group stated that the price target they had established for Hecla Mining shares had been reduced from $7.25 to $6.25.
Even though this change was made, the company continued to maintain its “buy” recommendation on the stock. HC Wainwright upgraded their rating on shares of Hecla Mining from “hold” to “buy” and raised their price target on the stock in a report released on Thursday, February 16.
The report was published on the company’s website.
On Friday, shares of NYSE: HL began trading at $5.59 each when the market opened.
A share of Hecla Mining fluctuates yearly, typically from $3.41 to $7.38.
The company has a price-to-earnings ratio of -79.85, a beta value of 2.02, and a market capitalization of $3.40 billion.
The debt-to-equity ratio comes in at 0.26, the current ratio at 1.50, and the quick ratio at 0.99.
All of these figures are presented in ratio form.
The stock has traded at an average price of $5.06 over the past 200 trading days, with a moving average price of $5.69 over the past 50 trading days.
In addition, the company has announced that it will distribute its quarterly dividend on March 24.
The company has declared the dividend. On March 9, stockholders who had complete records as of March 9 will be eligible to receive a dividend payment of $0.006 per share.
Because Hecla Mining’s most recent quarterly dividend was $0.00, this represents an increase compared to that figure.
This coming Wednesday, March 8, marks the last day dividends will be distributed to shareholders.
This equates to an annual dividend payment of $0.02 and a dividend yield of 0.43 percent for the stock.
A negative value of -42.85% has been assigned to the dividend payout ratio for Hecla Mining.
The Hecla Mining Company is in charge of the mining operations for both gold and silver.
In addition to producing lead, zinc, and bulk concentrates for specialized smelters and brokers, the company also sells unprocessed precipitate and bullion bars to precious metals dealers.
In addition to that, the business manufactures bullion bars.
The corporation comprises several distinct business divisions, the most notable of which are Greens Creek, Lucky Friday, Casa Berardi, and Nevada Operations.