Hecla Mining Now Covered by BB&T Corp. (HL)
Equities researchers at BB&T Corp. initiated coverage on shares of Hecla Mining (NYSE:HL) in a research report issued on Monday, ARN reports. The firm set a “hold” rating on the stock. The analysts noted that the move was a valuation call.
Shares of Hecla Mining (NYSE:HL) traded up 1.08% during mid-day trading on Monday, hitting $2.80. The stock had a trading volume of 1,061,396 shares. Hecla Mining has a one year low of $2.65 and a one year high of $6.15. The stock has a 50-day moving average of $3.00 and a 200-day moving average of $3.20. The company’s market cap is $959.4 million.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 5th. The company reported ($0.03) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.02) by $0.01. The company had revenue of $106.60 million for the quarter, compared to the consensus estimate of $111.50 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was up 30.2% on a year-over-year basis. Analysts expect that Hecla Mining will post $-0.03 EPS for the current fiscal year.
Separately, analysts at Roth Capital initiated coverage on shares of Hecla Mining in a research note to investors on Thursday, October 10th. They set a “buy” rating and a $4.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and an average target price of $4.24.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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