Hecla Mining (HL) Given Consensus Recommendation of “Hold” by Analysts

Shares of Hecla Mining (NYSE:HL) have been assigned an average rating of “Hold” from the ten brokerages that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.79.

A number of research analysts have issued reports on the stock. B. Riley reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Wednesday, November 1st. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Thursday. ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. HC Wainwright set a $9.00 price target on shares of Hecla Mining and gave the stock a “buy” rating in a report on Thursday. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $5.00 price target on shares of Hecla Mining in a report on Monday, January 8th.

Hecla Mining (NYSE:HL) opened at $3.59 on Friday. The stock has a market cap of $1,430.00, a price-to-earnings ratio of 59.83, a price-to-earnings-growth ratio of 23.42 and a beta of 0.26. Hecla Mining has a fifty-two week low of $3.43 and a fifty-two week high of $6.74. The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The business’s quarterly revenue was down 21.5% on a year-over-year basis. During the same quarter last year, the company posted $0.07 earnings per share. sell-side analysts expect that Hecla Mining will post 0.05 EPS for the current year.

In other Hecla Mining news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were purchased at an average price of $3.76 per share, for a total transaction of $48,880.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Theodore Crumley acquired 10,000 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was acquired at an average price of $3.49 per share, for a total transaction of $34,900.00. Following the purchase, the director now directly owns 126,536 shares of the company’s stock, valued at $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in HL. Van ECK Associates Corp grew its position in Hecla Mining by 1.1% during the third quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock valued at $193,428,000 after buying an additional 426,023 shares during the period. Dimensional Fund Advisors LP grew its position in Hecla Mining by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock valued at $168,350,000 after buying an additional 198,411 shares during the period. Vanguard Group Inc. grew its position in Hecla Mining by 0.9% during the second quarter. Vanguard Group Inc. now owns 32,132,844 shares of the basic materials company’s stock valued at $163,877,000 after buying an additional 288,819 shares during the period. State of New Jersey Common Pension Fund D grew its position in Hecla Mining by 2.5% during the third quarter. State of New Jersey Common Pension Fund D now owns 7,150,000 shares of the basic materials company’s stock valued at $35,893,000 after buying an additional 175,000 shares during the period. Finally, Northern Trust Corp grew its position in Hecla Mining by 4.4% during the second quarter. Northern Trust Corp now owns 4,874,491 shares of the basic materials company’s stock valued at $24,860,000 after buying an additional 203,876 shares during the period. Hedge funds and other institutional investors own 60.29% of the company’s stock.

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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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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