Hecla Mining Company Sees Large Decline in Short Interest (HL)
Hecla Mining Company (NYSE:HL) was the recipient of a significant drop in short interest in January. As of March 31st, there was short interest totalling 18,012,097 shares, a drop of 32.4% from the March 14th total of 26,649,560 shares, AnalystRatings.Net reports. Currently, 5.3% of the shares of the stock are short sold. Based on an average trading volume of 6,653,293 shares, the days-to-cover ratio is presently 2.7 days.
HL has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Hecla Mining Company from a “sell” rating to a “hold” rating in a research note on Thursday, April 17th. Finally, analysts at Roth Capital downgraded shares of Hecla Mining Company from a “buy” rating to a “neutral” rating in a research note on Thursday, February 20th. They now have a $3.50 price target on the stock, down previously from $3.75. Five research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $3.85.
Hecla Mining Company (NYSE:HL) opened at 3.07 on Wednesday. Hecla Mining Company has a one year low of $2.63 and a one year high of $4.03. The stock has a 50-day moving average of $3.25 and a 200-day moving average of $3.14. The company’s market cap is $1.052 billion.
Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.
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