Hecla Mining (HL) Stock Rating Lowered by ValuEngine

Hecla Mining (NYSE:HL) was downgraded by investment analysts at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Thursday.

Several other equities research analysts also recently issued reports on the stock. HC Wainwright set a $9.00 price objective on shares of Hecla Mining and gave the stock a “buy” rating in a research note on Thursday, February 8th. Zacks Investment Research downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, January 24th. Royal Bank of Canada set a $5.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a research note on Tuesday, March 20th. Finally, BMO Capital Markets set a $5.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a research note on Thursday, February 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Hecla Mining currently has an average rating of “Hold” and a consensus target price of $5.14.

Hecla Mining traded up $0.05, hitting $3.95, on Thursday, MarketBeat.com reports. 3,360,218 shares of the company were exchanged, compared to its average volume of 4,498,714. Hecla Mining has a twelve month low of $3.86 and a twelve month high of $3.92. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.62 and a current ratio of 3.16. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 39.50, a price-to-earnings-growth ratio of 61.74 and a beta of 0.40.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, May 10th. The basic materials company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. Hecla Mining had a negative net margin of 7.32% and a positive return on equity of 1.66%. The firm had revenue of $139.70 million during the quarter, compared to analyst estimates of $139.63 million. During the same quarter in the prior year, the business posted $0.04 earnings per share. Hecla Mining’s revenue for the quarter was down 2.0% compared to the same quarter last year. equities analysts forecast that Hecla Mining will post 0.06 EPS for the current fiscal year.

Large investors have recently modified their holdings of the business. First Allied Advisory Services Inc. acquired a new stake in shares of Hecla Mining during the fourth quarter worth $108,000. Financial Advocates Investment Management acquired a new stake in shares of Hecla Mining during the first quarter worth $103,000. Stone Ridge Asset Management LLC acquired a new stake in shares of Hecla Mining during the fourth quarter worth $146,000. Xact Kapitalforvaltning AB acquired a new stake in shares of Hecla Mining during the fourth quarter worth $180,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Hecla Mining during the fourth quarter worth $192,000. 60.18% of the stock is currently owned by institutional investors.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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