Hecla Mining Company (NYSE:HL)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a note issued to investors on Friday. They presently have a $8.50 target price on the basic materials company’s stock. HC Wainwright’s price objective indicates a potential upside of 62.84% from the company’s previous close.

Several other research analysts also recently commented on HL. Canaccord Genuity reiterated a “hold” rating and set a $5.00 target price on shares of Hecla Mining in a research note on Thursday, September 7th. ValuEngine upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a research note on Wednesday. BMO Capital Markets reiterated a “hold” rating and set a $6.00 target price on shares of Hecla Mining in a research note on Wednesday, September 20th. Finally, BidaskClub downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Hecla Mining has an average rating of “Hold” and a consensus target price of $6.52.

Shares of Hecla Mining (HL) opened at 5.22 on Friday. Hecla Mining has a 12 month low of $4.61 and a 12 month high of $7.64. The company has a market cap of $2.08 billion, a PE ratio of 42.44 and a beta of 0.32. The firm’s 50-day moving average price is $5.18 and its 200-day moving average price is $5.33.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.05). The company had revenue of $134.30 million during the quarter, compared to the consensus estimate of $130.54 million. Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The firm’s revenue for the quarter was down 21.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. Equities analysts predict that Hecla Mining will post $0.06 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Gideon Capital Advisors Inc. bought a new stake in Hecla Mining in the 4th quarter valued at $102,000. Ameriprise Financial Inc. boosted its stake in Hecla Mining by 27.8% in the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,384 shares during the period. Bayesian Capital Management LP bought a new stake in Hecla Mining in the 4th quarter valued at $113,000. Investors Capital Advisory Services boosted its stake in Hecla Mining by 0.3% in the 2nd quarter. Investors Capital Advisory Services now owns 22,489 shares of the basic materials company’s stock valued at $114,000 after purchasing an additional 57 shares during the period. Finally, Strs Ohio boosted its stake in Hecla Mining by 174.4% in the 3rd quarter. Strs Ohio now owns 22,500 shares of the basic materials company’s stock valued at $128,000 after purchasing an additional 14,300 shares during the period. Institutional investors and hedge funds own 59.35% of the company’s stock.

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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