Shares of Hecla Mining (NYSE:HL) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $4.36.
HL has been the topic of several recent research reports. Canaccord Genuity raised Hecla Mining to a “hold” rating and set a $6.00 price target on the stock in a research note on Wednesday. Zacks Investment Research downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday. Royal Bank of Canada raised Hecla Mining from an “underperform” rating to a “sector perform” rating and lifted their price target for the company from $2.50 to $4.50 in a research note on Friday, July 17th. B. Riley raised Hecla Mining from a “neutral” rating to a “buy” rating and set a $5.70 target price on the stock in a research report on Tuesday, July 14th. Finally, HC Wainwright reaffirmed a “buy” rating and issued a $4.00 target price on shares of Hecla Mining in a research report on Monday, July 6th.
HL opened at $5.52 on Tuesday. The business’s 50-day moving average price is $3.80 and its two-hundred day moving average price is $2.98. Hecla Mining has a 1 year low of $1.38 and a 1 year high of $5.68. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of -29.05, a P/E/G ratio of 2,208.00 and a beta of 1.82. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.92 and a quick ratio of 2.28.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, May 7th. The basic materials company reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.02). Hecla Mining had a negative net margin of 13.87% and a negative return on equity of 3.86%. The firm had revenue of $136.90 million during the quarter, compared to analyst estimates of $153.38 million. During the same period in the prior year, the business earned ($0.04) EPS. The business’s revenue for the quarter was down 10.3% compared to the same quarter last year.
Several large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in Hecla Mining by 9.1% during the fourth quarter. Victory Capital Management Inc. now owns 89,790 shares of the basic materials company’s stock worth $304,000 after buying an additional 7,495 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Hecla Mining by 7.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 80,232 shares of the basic materials company’s stock worth $272,000 after buying an additional 5,226 shares during the last quarter. Amalgamated Bank increased its position in Hecla Mining by 12.0% during the fourth quarter. Amalgamated Bank now owns 79,052 shares of the basic materials company’s stock worth $268,000 after buying an additional 8,448 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in Hecla Mining by 19.8% during the fourth quarter. UBS Asset Management Americas Inc. now owns 460,272 shares of the basic materials company’s stock worth $1,560,000 after buying an additional 76,066 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC acquired a new position in Hecla Mining during the fourth quarter worth approximately $118,000. 58.20% 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 properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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