Hecla Mining (HL) Stock Rating Reaffirmed by Canaccord Genuity

Canaccord Genuity reiterated their buy rating on shares of Hecla Mining (NYSE:HL) in a research report report published on Monday. Canaccord Genuity currently has a $5.00 price target on the basic materials company’s stock.

Several other analysts also recently commented on the company. Zacks Investment Research upgraded Hecla Mining from a hold rating to a strong-buy rating and set a $4.50 target price for the company in a research note on Wednesday, January 3rd. ValuEngine cut shares of Hecla Mining from a hold rating to a sell rating in a research report on Sunday, December 31st. Cantor Fitzgerald assumed coverage on shares of Hecla Mining in a research report on Monday, December 4th. They issued a buy rating and a $5.00 price target on the stock. B. Riley raised shares of Hecla Mining from a neutral rating to a buy rating and set a $5.00 price target on the stock in a research report on Thursday, November 30th. Finally, BMO Capital Markets assumed coverage on shares of Hecla Mining in a research report on Friday, November 17th. They issued a market perform rating and a $4.75 price target on the stock. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $5.54.

Shares of Hecla Mining (NYSE HL) traded down $0.08 on Monday, hitting $4.41. The stock had a trading volume of 5,519,829 shares, compared to its average volume of 5,019,600. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The firm has a market cap of $1,760.00, a P/E ratio of 73.50, a PEG ratio of 24.92 and a beta of 0.20. Hecla Mining has a 12 month low of $3.43 and a 12 month high of $6.78.

Hecla Mining (NYSE:HL) last issued its earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The firm’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same period last year, the business posted $0.07 EPS. equities research analysts predict that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

In other Hecla Mining news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $3.76 per share, with a total value of $48,880.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Theodore Crumley bought 10,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were purchased at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the transaction, the director now owns 126,536 shares in the company, valued at $441,610.64. The disclosure for this purchase can be found here. 1.50% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. lifted its position in shares of Hecla Mining by 15.6% during the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after buying an additional 3,143 shares in the last quarter. Pacad Investment Ltd. lifted its position in shares of Hecla Mining by 10.4% during the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after buying an additional 2,600 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Hecla Mining by 148.1% during the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after buying an additional 16,561 shares in the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Hecla Mining by 5.0% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after buying an additional 1,643 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Hecla Mining during the 3rd quarter worth approximately $187,000. 60.28% of the stock is currently owned by hedge funds and other institutional investors.

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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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