HC Wainwright reissued their buy rating on shares of Hecla Mining (NYSE:HL) in a research note released on Thursday. HC Wainwright currently has a $7.50 price target on the basic materials company’s stock.
Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Hecla Mining from a hold rating to a sell rating in a research report on Wednesday. Royal Bank of Canada set a $5.00 price objective on shares of Hecla Mining and gave the company a hold rating in a report on Tuesday, March 20th. BMO Capital Markets decreased their price objective on shares of Hecla Mining from $4.50 to $4.00 and set a hold rating on the stock in a report on Tuesday, March 20th. ValuEngine downgraded shares of Hecla Mining from a hold rating to a sell rating in a report on Friday, February 2nd. Finally, Canaccord Genuity reaffirmed a buy rating and set a $5.00 price objective on shares of Hecla Mining in a report on Monday, January 8th. Three analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of $5.14.
HL stock traded up $0.06 during midday trading on Thursday, hitting $3.77. 1,416,817 shares of the stock traded hands, compared to its average volume of 4,805,059. The firm has a market cap of $1,473.78, a PE ratio of 37.70, a P/E/G ratio of 158.14 and a beta of 0.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86. Hecla Mining has a 1-year low of $3.25 and a 1-year high of $6.16.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The company had revenue of $160.10 million for the quarter, compared to analyst estimates of $156.85 million. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The firm’s revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share. research analysts predict that Hecla Mining will post 0.02 earnings per share for the current fiscal year.
Several large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of Hecla Mining by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 1,087,772 shares of the basic materials company’s stock worth $5,428,000 after buying an additional 13,894 shares in the last quarter. California Public Employees Retirement System lifted its stake in shares of Hecla Mining by 2.8% in the fourth quarter. California Public Employees Retirement System now owns 650,228 shares of the basic materials company’s stock worth $2,581,000 after buying an additional 17,800 shares in the last quarter. New York State Common Retirement Fund lifted its stake in shares of Hecla Mining by 4.5% in the third quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock worth $2,112,000 after buying an additional 18,200 shares in the last quarter. American International Group Inc. lifted its stake in shares of Hecla Mining by 8.1% in the third quarter. American International Group Inc. now owns 264,342 shares of the basic materials company’s stock worth $1,327,000 after buying an additional 19,764 shares in the last quarter. Finally, LPL Financial LLC lifted its stake in shares of Hecla Mining by 23.7% in the fourth quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock worth $484,000 after buying an additional 23,306 shares in the last quarter. 59.98% of the stock is currently owned by hedge funds and other institutional investors.
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Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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