BMO Capital Markets upgraded shares of Hecla Mining (NYSE:HL) from an underperform rating to a market perform rating in a research report report published on Thursday morning, Benzinga’s Daily Ratings Newsletter reports. BMO Capital Markets currently has $2.20 price objective on the basic materials company’s stock, up from their prior price objective of $1.60.
Other analysts also recently issued reports about the company. B. Riley decreased their target price on Hecla Mining from $2.30 to $1.80 and set a neutral rating for the company in a research report on Friday, October 11th. Canaccord Genuity downgraded Hecla Mining from a hold rating to a sell rating and set a $2.00 target price for the company. in a research report on Wednesday, August 7th. Zacks Investment Research downgraded Hecla Mining from a buy rating to a hold rating in a research report on Tuesday, November 5th. Finally, HC Wainwright lifted their target price on Hecla Mining from $3.00 to $3.75 and gave the stock a buy rating in a research report on Monday, August 19th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus price target of $2.10.
Shares of NYSE:HL traded up $0.08 on Thursday, hitting $2.31. 7,844,255 shares of the company’s stock were exchanged, compared to its average volume of 7,279,325. Hecla Mining has a 12 month low of $1.21 and a 12 month high of $3.07. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -21.00 and a beta of 0.97. The business’s 50 day simple moving average is $2.03 and its two-hundred day simple moving average is $1.80. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55.
Hecla Mining (NYSE:HL) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The business had revenue of $161.50 million for the quarter, compared to the consensus estimate of $179.40 million. During the same quarter last year, the business posted ($0.05) earnings per share. The firm’s revenue for the quarter was up 12.4% compared to the same quarter last year. Equities analysts forecast that Hecla Mining will post -0.13 EPS for the current fiscal year.
In other news, Director Catherine J. Boggs purchased 40,540 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were purchased at an average price of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the purchase, the director now owns 40,540 shares in the company, valued at approximately $60,810. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.80% of the company’s stock.
Several institutional investors have recently made changes to their positions in HL. Great Lakes Advisors LLC grew its stake in Hecla Mining by 9.2% in the second quarter. Great Lakes Advisors LLC now owns 1,619,799 shares of the basic materials company’s stock valued at $2,916,000 after purchasing an additional 136,780 shares during the last quarter. CWM Advisors LLC grew its stake in Hecla Mining by 46.1% in the second quarter. CWM Advisors LLC now owns 91,780 shares of the basic materials company’s stock valued at $165,000 after purchasing an additional 28,960 shares during the last quarter. Aperio Group LLC grew its stake in Hecla Mining by 6.0% in the second quarter. Aperio Group LLC now owns 225,450 shares of the basic materials company’s stock valued at $406,000 after purchasing an additional 12,737 shares during the last quarter. Alps Advisors Inc. grew its stake in Hecla Mining by 348.8% in the second quarter. Alps Advisors Inc. now owns 1,752,151 shares of the basic materials company’s stock valued at $3,154,000 after purchasing an additional 1,361,747 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Hecla Mining by 24.3% in the second quarter. First Trust Advisors LP now owns 631,418 shares of the basic materials company’s stock valued at $1,137,000 after purchasing an additional 123,633 shares during the last quarter. Hedge funds and other institutional investors own 56.61% of the company’s stock.
About Hecla Mining
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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