National Bank Financial Downgrades Hecla Mining (NYSE:HL) to Hold

Hecla Mining (NYSE:HL) was downgraded by analysts at National Bank Financial from a “strong-buy” rating to a “hold” rating in a report released on Friday,Zacks.com reports.

Several other brokerages also recently commented on HL. StockNews.com downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a research report on Thursday, August 8th. TD Securities lowered their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research report on Friday. Finally, Roth Mkm lowered their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.94.

Hecla Mining Stock Down 2.8 %

NYSE HL opened at $5.57 on Friday. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.68. The company has a 50 day moving average of $6.52 and a 200-day moving average of $5.84. The company has a market cap of $3.51 billion, a price-to-earnings ratio of -139.25 and a beta of 2.00.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.76%. The company had revenue of $245.09 million during the quarter, compared to the consensus estimate of $232.03 million. During the same period in the previous year, the business earned ($0.01) earnings per share. The firm’s quarterly revenue was up 34.7% on a year-over-year basis. On average, equities research analysts expect that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of the company’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total transaction of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.40% of the company’s stock.

Institutional Trading of Hecla Mining

Institutional investors have recently modified their holdings of the business. Continuum Advisory LLC grew its stake in shares of Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 4,967 shares during the last quarter. Sound Income Strategies LLC bought a new stake in Hecla Mining during the third quarter valued at $49,000. Innealta Capital LLC bought a new stake in Hecla Mining during the second quarter valued at $41,000. GFG Capital LLC bought a new stake in Hecla Mining during the third quarter valued at $67,000. Finally, Ballentine Partners LLC bought a new stake in Hecla Mining during the second quarter valued at $54,000. Institutional investors own 63.01% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.