Hecla Mining (NYSE:HL)‘s stock had its “buy” rating reissued by investment analysts at HC Wainwright in a research report issued to clients and investors on Friday, March 9th. They currently have a $8.00 price objective on the basic materials company’s stock. HC Wainwright’s price objective indicates a potential upside of 120.39% from the stock’s previous close.
HL has been the subject of several other reports. Cantor Fitzgerald assumed coverage on Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 target price for the company. Zacks Investment Research cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, January 12th. BMO Capital Markets assumed coverage on Hecla Mining in a report on Friday, November 17th. They issued a “market perform” rating and a $4.75 price objective for the company. ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a report on Sunday, December 31st. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $5.00 price objective on shares of Hecla Mining in a report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Hecla Mining currently has a consensus rating of “Hold” and an average price target of $5.14.
Shares of HL traded down $0.04 during mid-day trading on Friday, hitting $3.63. The stock had a trading volume of 3,933,024 shares, compared to its average volume of 4,945,781. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.86 and a quick ratio of 2.37. Hecla Mining has a 52 week low of $3.25 and a 52 week high of $6.17. The firm has a market cap of $1,465.79, a PE ratio of 36.30, a PEG ratio of 157.29 and a beta of 0.38.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The company had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. During the same period in the previous year, the company posted $0.03 EPS. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. sell-side analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Van ECK Associates Corp raised its position in Hecla Mining by 1.1% during the 3rd quarter. Van ECK Associates Corp now owns 38,531,381 shares of the basic materials company’s stock valued at $193,428,000 after purchasing an additional 426,023 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Hecla Mining by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock worth $168,350,000 after acquiring an additional 198,411 shares in the last quarter. BlackRock Inc. raised its position in shares of Hecla Mining by 2.8% in the 4th quarter. BlackRock Inc. now owns 25,922,232 shares of the basic materials company’s stock worth $102,911,000 after acquiring an additional 694,899 shares in the last quarter. Virtus Fund Advisers LLC raised its position in shares of Hecla Mining by 7.7% in the 4th quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock worth $28,573,000 after acquiring an additional 515,890 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in shares of Hecla Mining by 10.0% in the 4th quarter. Bank of New York Mellon Corp now owns 4,910,815 shares of the basic materials company’s stock worth $19,496,000 after acquiring an additional 446,213 shares in the last quarter. 59.98% of the stock is owned by institutional investors and hedge funds.
About Hecla Mining
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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