Hecla Mining’s (HL) “Buy” Rating Reiterated at HC Wainwright

Hecla Mining (NYSE:HL)‘s stock had its “buy” rating reaffirmed by equities researchers at HC Wainwright in a report issued on Wednesday, TipRanks reports. They currently have a $7.75 price objective on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 25.40% from the company’s current price.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday. Cantor Fitzgerald raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $7.00 target price on the stock in a report on Wednesday, September 8th. TheStreet cut shares of Hecla Mining from a “b-” rating to a “c” rating in a report on Monday, June 28th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $6.62 target price on shares of Hecla Mining in a report on Monday, July 26th. Finally, CIBC raised their target price on shares of Hecla Mining from $7.50 to $8.95 and gave the stock a “neutral” rating in a report on Wednesday, May 19th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining currently has an average rating of “Buy” and an average target price of $7.51.

NYSE:HL traded up $0.03 during mid-day trading on Wednesday, hitting $6.18. The stock had a trading volume of 103,149 shares, compared to its average volume of 8,940,882. Hecla Mining has a twelve month low of $4.32 and a twelve month high of $9.44. The stock has a market cap of $3.32 billion, a price-to-earnings ratio of 88.29, a PEG ratio of 33.61 and a beta of 2.17. The company’s 50 day simple moving average is $6.32 and its 200 day simple moving average is $6.87. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.92 and a current ratio of 2.56.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, August 5th. The basic materials company reported $0.06 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.05 by $0.01. The firm had revenue of $218.00 million for the quarter, compared to analysts’ expectations of $221.49 million. Hecla Mining had a net margin of 4.18% and a return on equity of 5.92%. The business’s revenue was up 31.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.01 EPS. As a group, equities analysts forecast that Hecla Mining will post 0.18 earnings per share for the current year.

In other Hecla Mining news, VP David C. Sienko sold 70,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 17th. The shares were sold at an average price of $7.99, for a total value of $559,300.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of HL. US Bancorp DE lifted its holdings in shares of Hecla Mining by 162.4% during the second quarter. US Bancorp DE now owns 4,695 shares of the basic materials company’s stock worth $35,000 after purchasing an additional 2,906 shares during the period. Proffitt & Goodson Inc. lifted its holdings in shares of Hecla Mining by 32.8% during the second quarter. Proffitt & Goodson Inc. now owns 8,100 shares of the basic materials company’s stock worth $60,000 after purchasing an additional 2,000 shares during the period. IFP Advisors Inc lifted its holdings in shares of Hecla Mining by 2,010.9% during the second quarter. IFP Advisors Inc now owns 9,710 shares of the basic materials company’s stock worth $73,000 after purchasing an additional 9,250 shares during the period. Ergoteles LLC acquired a new position in shares of Hecla Mining during the second quarter worth $78,000. Finally, The PNC Financial Services Group Inc. lifted its holdings in shares of Hecla Mining by 38.3% during the first quarter. The PNC Financial Services Group Inc. now owns 10,840 shares of the basic materials company’s stock worth $61,000 after purchasing an additional 3,000 shares during the period. Hedge funds and other institutional investors own 59.92% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Co operates as a silver and gold production company. The firm produces lead, zinc and bulk concentrates for custom smelters and brokers; and develops unrefined precipitate and bullion bars for precious metals traders. It operates through the following business segments: The Greens Creek, The Lucky Friday, The Casa Berardi, The Nevada Operations, and The San Sebastian.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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