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Hecla Mining Company (HL) Getting Ready For A Turnaround?

Hecla Mining Company (NYSE:HL) stock is presently standing at about $4.91 and lots of equity research firms seem to have a target price set on the stock. The median one-year price target of 10 analysts covering the company is $5.88, which suggests the stock could still rise over 16 percent. The highest analyst price target is $8.50, which implies a rally of 27 percent. And a quick view of analyst notes show that 2 are rating the stock a buy while 0 rate HL a strong buy. There are 7 equity research firms advocating a Hold and 0 consider it Sell.

Rodman & Renshaw analysts provided their view on Hecla Mining Company (NYSE:HL) recently. The rating firm issued a Buy rating to this company in a research note released on Sep 06, 2016. JP Morgan analysts disclosed their opinion on Hecla Mining Company (NYSE:HL) recently. The rating firm gave a Overweight rating to this stock in a research note published on Aug 09, 2016. According to a research note disclosed on Apr 08, 2016, analysts at CIBC have lowered their rating on these shares from Sector Outperform to Sector Perform.

Hecla Mining Company (NYSE:HL) Transactions Roundup

Several insiders were part of recent insider activity for the stock. Its Director TAYLOR ANTHONY P Sold 0 company shares for 182,700, in a transaction on Apr 13. Following the transaction, the Director is left with a stake of 30,000 shares, currently valued at $147,300. Meanwhile, Sr. VP – Exploration McDonald Dean WA sold 295,502 shares worth $627,500, through a transaction dated Dec 06. Following the completion of the transaction, the insider is left with a stake of 100,000 shares, amounting $491,000. HL VP & General Counsel Sienko David C also sold 0 shares, at a stock price of $5.85. This transaction occurred on Aug 26 totals $80,274. After this transaction, the insider’s stake stands at 13,722 shares, with a market value of $67,375.

Executives hold 1.61 percent of the stock. DIMENSIONAL FUND ADVISORS LP is one of the biggest insider owners in Hecla Mining Company (NYSE:HL), according to U.S. Securities and Exchange Commission (SEC) filings. The insider owns 33,366,407 shares which have current market value of around $163,829,058.VANGUARD GROUP INC is another major inside shareholder in the company. The insider owns 31,844,025 shares as of 03/31/2017, currently worth $156,354,163. VAN ECK ASSOCIATES CORP is ranked as third insider holder of the stock. This insider holds 27,690,113 shares with a market value around $135,958,455 as of recent close.

Hecla Mining Company (NYSE:HL) Earnings Outlook

In Hecla Mining Company (NYSE:HL)’s latest quarter, EPS moved to $0.04 from $0.03 in preceding quarter and revenues reached at $142.54M compared to $164.24M. Analysts had expected Hecla Mining Company (NYSE:HL) to post net income of about $0.03 per share on $160.24M in revenue. Looking ahead, analysts on average predict that earnings for the current quarter would come in the range of $-0.01 to $0.11. That is compared with the $0.07 in EPS it reported during the same period a year ago.

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