Hecla Mining (HL) Receives Average Recommendation of “Hold” from Analysts

Hecla Mining (NYSE:HL) has received a consensus recommendation of “Hold” from the ten analysts that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $4.41.

Several research firms have recently commented on HL. Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. ValuEngine upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating in a report on Thursday, April 4th. HC Wainwright restated a “buy” rating and issued a $7.00 price target on shares of Hecla Mining in a report on Friday, February 15th. Canaccord Genuity lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Finally, B. Riley restated a “neutral” rating and issued a $3.00 price target (down previously from $3.50) on shares of Hecla Mining in a report on Friday, March 1st.

Hecla Mining stock traded up $0.01 during trading hours on Wednesday, hitting $2.30. The company had a trading volume of 2,694,539 shares, compared to its average volume of 5,277,666. The stock has a market cap of $1.11 billion, a price-to-earnings ratio of -20.91 and a beta of 0.39. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.21 and a quick ratio of 0.56. Hecla Mining has a 1 year low of $2.17 and a 1 year high of $4.15.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 21st. The basic materials company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $136.50 million during the quarter, compared to analysts’ expectations of $148.84 million. Hecla Mining had a negative net margin of 4.68% and a negative return on equity of 2.13%. Hecla Mining’s quarterly revenue was down 14.7% on a year-over-year basis. During the same period last year, the firm earned ($0.07) earnings per share.

Several large investors have recently bought and sold shares of the company. Van ECK Associates Corp raised its stake in shares of Hecla Mining by 1.9% during the 4th quarter. Van ECK Associates Corp now owns 60,487,065 shares of the basic materials company’s stock worth $142,749,000 after acquiring an additional 1,151,059 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Hecla Mining by 19.8% during the 3rd quarter. Vanguard Group Inc. now owns 42,416,876 shares of the basic materials company’s stock worth $118,343,000 after acquiring an additional 7,019,088 shares in the last quarter. Vanguard Group Inc raised its stake in shares of Hecla Mining by 19.8% during the 3rd quarter. Vanguard Group Inc now owns 42,416,876 shares of the basic materials company’s stock worth $118,343,000 after acquiring an additional 7,019,088 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Hecla Mining by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 36,181,949 shares of the basic materials company’s stock worth $85,389,000 after acquiring an additional 3,640,249 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Hecla Mining by 0.9% during the 4th quarter. BlackRock Inc. now owns 32,792,082 shares of the basic materials company’s stock worth $77,389,000 after acquiring an additional 278,529 shares in the last quarter. Institutional investors and hedge funds own 60.94% of the company’s stock.

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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Analyst Recommendations for Hecla Mining (NYSE:HL)

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