Hecla Mining (HL) Rating Increased to Hold at Zacks Investment Research

Hecla Mining (NYSE:HL) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “

Several other equities research analysts also recently commented on HL. B. Riley reduced their price objective on Hecla Mining from $5.30 to $5.00 and set a “buy” rating for the company in a report on Friday, May 11th. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a report on Monday, July 2nd. Canaccord Genuity downgraded Hecla Mining from a “buy” rating to a “hold” rating and set a $3.75 price objective for the company. in a report on Friday, July 13th. HC Wainwright set a $8.00 price objective on Hecla Mining and gave the stock a “buy” rating in a report on Tuesday, July 24th. Finally, BMO Capital Markets set a $4.00 price objective on Hecla Mining and gave the stock a “hold” rating in a report on Friday, July 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Hecla Mining currently has an average rating of “Hold” and a consensus price target of $5.16.

Shares of Hecla Mining opened at $3.01 on Tuesday, MarketBeat reports. Hecla Mining has a 1-year low of $2.95 and a 1-year high of $5.54. The firm has a market cap of $1.23 billion, a PE ratio of 30.10, a P/E/G ratio of 57.38 and a beta of 0.15. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.36.

Hecla Mining (NYSE:HL) last released its quarterly earnings data 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 positive return on equity of 1.66% and a negative net margin of 7.32%. The company had revenue of $139.70 million during the quarter, compared to the consensus estimate of $139.63 million. During the same period last year, the company earned $0.04 EPS. Hecla Mining’s revenue for the quarter was down 2.0% on a year-over-year basis. sell-side analysts predict that Hecla Mining will post 0.05 EPS for the current fiscal year.

Large investors have recently made changes to their positions in the business. First Trust Advisors LP lifted its position in shares of Hecla Mining by 1,751.5% during the 2nd quarter. First Trust Advisors LP now owns 277,004 shares of the basic materials company’s stock valued at $964,000 after buying an additional 262,043 shares in the last quarter. Alps Advisors Inc. lifted its position in shares of Hecla Mining by 43.9% during the 2nd quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after buying an additional 563,063 shares in the last quarter. Creative Planning lifted its position in shares of Hecla Mining by 45.4% during the 2nd quarter. Creative Planning now owns 796,260 shares of the basic materials company’s stock valued at $2,771,000 after buying an additional 248,538 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of Hecla Mining during the 1st quarter valued at about $296,000. Finally, Suntrust Banks Inc. lifted its position in shares of Hecla Mining by 12.8% during the 1st quarter. Suntrust Banks Inc. now owns 540,800 shares of the basic materials company’s stock valued at $1,984,000 after buying an additional 61,419 shares in the last quarter. 60.65% of the stock is currently owned by institutional investors and hedge funds.

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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