Hecla Mining (NYSE:HL) was upgraded by Zacks Investment Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday, January 3rd. The firm presently has a $4.50 price objective on the basic materials company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 2.04% from the company’s current price.
According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “
Several other equities research analysts also recently weighed in on the company. B. Riley reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $6.00 price target on shares of Hecla Mining in a report on Wednesday, September 20th. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a report on Friday, November 3rd. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Canaccord Genuity raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Tuesday, November 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Hecla Mining presently has an average rating of “Hold” and an average price target of $5.54.
Shares of Hecla Mining (NYSE HL) traded down $0.08 during trading on Wednesday, reaching $4.41. 5,520,000 shares of the company’s stock traded hands, compared to its average volume of 4,610,000. The stock has a market capitalization of $1,760.00, a price-to-earnings ratio of 73.50, a P/E/G ratio of 24.92 and a beta of 0.20. Hecla Mining has a one year low of $3.43 and a one year high of $6.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.
Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The company’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period last year, the firm posted $0.07 earnings per share. sell-side analysts predict that Hecla Mining will post 0.05 earnings per share for the current year.
In other news, Director Theodore Crumley purchased 10,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average price of $3.49 per share, with a total value of $34,900.00. Following the purchase, the director now directly owns 126,536 shares of the company’s stock, valued at approximately $441,610.64. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Phillips S. Baker, Jr. purchased 13,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average cost of $3.76 per share, with a total value of $48,880.00. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Suntrust Banks Inc. grew its holdings in Hecla Mining by 0.4% in the 2nd quarter. Suntrust Banks Inc. now owns 395,829 shares of the basic materials company’s stock valued at $2,018,000 after buying an additional 1,404 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Hecla Mining by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock valued at $177,000 after buying an additional 1,643 shares during the period. PNC Financial Services Group Inc. grew its holdings in Hecla Mining by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock valued at $335,000 after buying an additional 1,934 shares during the period. Amalgamated Bank grew its holdings in Hecla Mining by 4.2% in the 2nd quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock valued at $255,000 after buying an additional 1,995 shares during the period. Finally, Pacad Investment Ltd. grew its holdings in Hecla Mining by 10.4% in the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after buying an additional 2,600 shares during the period. Hedge funds and other institutional investors own 60.28% of the company’s stock.
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Hecla Mining Company Profile
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.
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