Shares of Hecla Mining Company (NYSE:HL) have been given a consensus rating of “Hold” by the twelve brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $6.93.

Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Royal Bank Of Canada set a $6.00 price objective on Hecla Mining and gave the stock a “hold” rating in a research note on Monday, April 24th. TheStreet upgraded Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. HC Wainwright restated a “buy” rating and issued a $8.00 price objective on shares of Hecla Mining in a research note on Sunday, June 25th. Finally, BidaskClub lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th.

Hecla Mining (HL) opened at 5.38 on Monday. The stock has a 50 day moving average price of $5.32 and a 200 day moving average price of $5.61. The stock has a market capitalization of $2.13 billion, a PE ratio of 21.78 and a beta of 0.43. Hecla Mining has a 12 month low of $4.61 and a 12 month high of $7.64.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Monday, May 8th. The basic materials company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. The firm had revenue of $142.50 million during the quarter, compared to analyst estimates of $160.24 million. Hecla Mining had a return on equity of 5.45% and a net margin of 14.75%. Hecla Mining’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. On average, equities research analysts forecast that Hecla Mining will post $0.14 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in shares of Hecla Mining by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 33,366,407 shares of the basic materials company’s stock worth $176,507,000 after buying an additional 225,517 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 4.8% in the first quarter. Vanguard Group Inc. now owns 31,844,025 shares of the basic materials company’s stock worth $168,455,000 after buying an additional 1,458,387 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of Hecla Mining by 17.4% in the first quarter. Van ECK Associates Corp now owns 27,690,113 shares of the basic materials company’s stock worth $146,481,000 after buying an additional 4,112,479 shares during the last quarter. BlackRock Inc. raised its stake in shares of Hecla Mining by 25,993.9% in the first quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock worth $132,549,000 after buying an additional 24,960,628 shares during the last quarter. Finally, State Street Corp raised its stake in shares of Hecla Mining by 17.2% in the first quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock worth $82,046,000 after buying an additional 2,275,928 shares during the last quarter. Institutional investors and hedge funds own 57.45% of the company’s stock.

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About Hecla Mining

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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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