Hecla Mining Company (NYSE:HL)‘s stock had its “buy” rating restated by HC Wainwright in a report released on Friday. They currently have a $8.50 price target on the basic materials company’s stock. HC Wainwright’s price target suggests a potential upside of 91.01% from the company’s previous close.

Other analysts have also recently issued research reports about the company. TheStreet cut Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. Royal Bank Of Canada set a $6.00 price target on Hecla Mining and gave the stock a “hold” rating in a research report on Wednesday, October 18th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, October 11th. Canaccord Genuity restated a “hold” rating and issued a $5.25 price target on shares of Hecla Mining in a research report on Friday, October 6th. Finally, BMO Capital Markets restated a “hold” rating and issued a $6.00 price target on shares of Hecla Mining in a research report on Wednesday, September 20th. One 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’s stock. Hecla Mining presently has an average rating of “Hold” and a consensus price target of $6.52.

Hecla Mining (HL) traded down $0.18 during mid-day trading on Friday, reaching $4.45. The company’s stock had a trading volume of 4,124,985 shares, compared to its average volume of 3,364,217. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.14 and a current ratio of 2.56. The company has a market capitalization of $1,775.63, a P/E ratio of 44.50, a price-to-earnings-growth ratio of 85.58 and a beta of 0.31. Hecla Mining has a 52 week low of $4.43 and a 52 week high of $7.64.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The business’s quarterly revenue was down 21.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.06 EPS. sell-side analysts anticipate that Hecla Mining will post 0.05 EPS for the current year.

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In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.50% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas grew its position in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 802 shares in the last quarter. Suntrust Banks Inc. grew its position in shares of Hecla Mining by 0.4% during the second quarter. Suntrust Banks Inc. now owns 395,829 shares of the basic materials company’s stock worth $2,018,000 after purchasing an additional 1,404 shares in the last quarter. Ameritas Investment Partners Inc. grew its position in shares of Hecla Mining by 5.0% during the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after purchasing an additional 1,643 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of Hecla Mining by 3.0% during the second quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock worth $335,000 after purchasing an additional 1,934 shares in the last quarter. Finally, Amalgamated Bank grew its position in shares of Hecla Mining by 4.2% during the second quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock worth $255,000 after purchasing an additional 1,995 shares in the last quarter. Hedge funds and other institutional investors own 59.26% of the company’s stock.

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.

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