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.
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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