Hecla Mining (HL) Stock Rating Upgraded by ValuEngine

ValuEngine upgraded shares of Hecla Mining (NYSE:HL) from a sell rating to a hold rating in a report issued on Saturday, ValuEngine reports.

A number of other equities research analysts also recently commented on the company. HC Wainwright set a $6.00 price objective on Hecla Mining and gave the company a buy rating in a report on Monday, April 22nd. BMO Capital Markets set a $2.00 price objective on Hecla Mining and gave the company a hold rating in a report on Monday, April 22nd. JPMorgan Chase & Co. downgraded Hecla Mining from an overweight rating to a neutral rating in a report on Friday, May 10th. B. Riley reiterated a neutral rating and issued a $3.00 price objective (down previously from $3.50) on shares of Hecla Mining in a report on Friday, March 1st. Finally, Zacks Investment Research upgraded Hecla Mining from a hold rating to a buy rating and set a $2.50 price objective for the company in a report on Wednesday, May 1st. Four investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Hecla Mining currently has an average rating of Hold and an average price target of $3.19.

NYSE HL opened at $1.45 on Friday. The stock has a market capitalization of $739.07 million, a P/E ratio of -13.18 and a beta of 0.33. The company has a quick ratio of 0.56, a current ratio of 0.98 and a debt-to-equity ratio of 0.33. Hecla Mining has a 12 month low of $1.32 and a 12 month high of $4.05.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, May 9th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $152.60 million during the quarter, compared to the consensus estimate of $150.31 million. Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.74%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 EPS. On average, equities research analysts predict that Hecla Mining will post -0.07 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Tuesday, June 4th. Shareholders of record on Friday, May 24th will be issued a $0.002 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is currently -9.09%.

Several institutional investors have recently made changes to their positions in HL. Bank of New York Mellon Corp increased its holdings in shares of Hecla Mining by 2.0% in the third quarter. Bank of New York Mellon Corp now owns 5,556,962 shares of the basic materials company’s stock worth $15,504,000 after acquiring an additional 107,055 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Hecla Mining in the third quarter worth about $1,019,000. Teachers Advisors LLC increased its holdings in shares of Hecla Mining by 17.0% in the third quarter. Teachers Advisors LLC now owns 907,397 shares of the basic materials company’s stock worth $2,532,000 after acquiring an additional 131,706 shares in the last quarter. TIAA CREF Investment Management LLC increased its holdings in shares of Hecla Mining by 4.8% in the third quarter. TIAA CREF Investment Management LLC now owns 1,306,711 shares of the basic materials company’s stock worth $3,646,000 after acquiring an additional 59,809 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in shares of Hecla Mining by 39.8% in the third quarter. Legal & General Group Plc now owns 187,944 shares of the basic materials company’s stock worth $524,000 after acquiring an additional 53,544 shares in the last quarter. Institutional investors own 61.57% 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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