Hecla Mining (NYSE:HL) had its price objective lowered by equities researchers at BMO Capital Markets from $4.50 to $4.00 in a research note issued to investors on Tuesday. The brokerage currently has a “hold” rating on the basic materials company’s stock. BMO Capital Markets’ price target indicates a potential upside of 22.32% from the stock’s previous close.
Several other equities research analysts have also commented on the stock. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “strong-buy” rating and set a $4.50 price target for the company in a research report on Wednesday, January 3rd. B. Riley raised shares of Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.00 price target for the company in a research report on Thursday, November 30th. HC Wainwright set a $9.00 price target on shares of Hecla Mining and gave the company a “buy” rating in a research report on Thursday, February 8th. ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st. Finally, Cantor Fitzgerald assumed coverage on shares of Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 price target for the company. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $5.21.
Hecla Mining (NYSE:HL) opened at $3.27 on Tuesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86. The stock has a market cap of $1,329.99, a PE ratio of -54.50, a price-to-earnings-growth ratio of 266.40 and a beta of 0.30. Hecla Mining has a one year low of $3.25 and a one year high of $6.17.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The business had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $156.85 million. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The business’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.03 EPS. equities research analysts forecast that Hecla Mining will post 0.01 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Millennium Management LLC purchased a new stake in shares of Hecla Mining during the 4th quarter valued at about $13,161,000. Alps Advisors Inc. increased its holdings in Hecla Mining by 179.6% in the 4th quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock worth $7,322,000 after acquiring an additional 1,184,666 shares in the last quarter. BlackRock Inc. increased its holdings in Hecla Mining by 2.8% in the 4th quarter. BlackRock Inc. now owns 25,922,232 shares of the basic materials company’s stock worth $102,911,000 after acquiring an additional 694,899 shares in the last quarter. Old Mutual Global Investors UK Ltd. increased its holdings in Hecla Mining by 28.6% in the 4th quarter. Old Mutual Global Investors UK Ltd. now owns 2,384,211 shares of the basic materials company’s stock worth $9,465,000 after acquiring an additional 530,000 shares in the last quarter. Finally, Virtus Fund Advisers LLC increased its holdings in Hecla Mining by 7.7% in the 4th quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock worth $28,573,000 after acquiring an additional 515,890 shares in the last quarter. 59.98% of the stock is owned by hedge funds and other institutional investors.
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About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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