Hecla Mining (NYSE:HL) Given New $20.00 Price Target at Scotiabank

Hecla Mining (NYSE:HL) had its price objective decreased by equities research analysts at Scotiabank from $21.00 to $20.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Scotiabank‘s price target suggests a potential upside of 34.14% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Zacks Research raised Hecla Mining to a “hold” rating in a research report on Friday, July 17th. Weiss Ratings cut Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Royal Bank Of Canada cut their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating for the company in a research report on Wednesday, September 16th. Finally, Jefferies Financial Group assumed coverage on Hecla Mining in a report on Thursday, August 20th. They set a “hold” rating and a $22.00 target price on the stock. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $23.22.

Hecla Mining Trading Up 12.9%

Shares of NYSE:HL traded up $1.70 on Wednesday, reaching $14.91. 45,354,803 shares of the company’s stock were exchanged, compared to its average volume of 27,545,250. The company has a fifty day moving average of $17.42 and a 200-day moving average of $18.60. Hecla Mining has a twelve month low of $11.81 and a twelve month high of $34.17. The company has a market capitalization of $10.02 billion, a price-to-earnings ratio of 30.43 and a beta of 1.44.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.14 by $0.08. Hecla Mining had a net margin of 20.84% and a return on equity of 18.91%. The company had revenue of $394.82 million for the quarter, compared to analysts’ expectations of $340.10 million. During the same period last year, the firm earned $0.15 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, equities research analysts forecast that Hecla Mining will post 0.46 EPS for the current fiscal year.

Institutional Trading of Hecla Mining

Several large investors have recently made changes to their positions in HL. BlackRock Inc. acquired a new position in Hecla Mining during the second quarter valued at approximately $1,085,779,000. Van ECK Associates Corp lifted its stake in Hecla Mining by 15.3% during the second quarter. Van ECK Associates Corp now owns 38,174,114 shares of the basic materials company’s stock worth $589,027,000 after purchasing an additional 5,053,624 shares during the last quarter. Bank of New York Mellon Corp acquired a new stake in shares of Hecla Mining in the 2nd quarter valued at $64,124,000. Renaissance Technologies LLC acquired a new stake in shares of Hecla Mining in the 1st quarter valued at $72,659,000. Finally, Empowered Funds LLC acquired a new stake in shares of Hecla Mining in the 2nd quarter valued at $22,599,000. Institutional investors and hedge funds own 63.01% of the company’s stock.

Trending Headlines about Hecla Mining

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Hecla reported Q3 adjusted earnings of $0.22 per share, beating the $0.14 consensus estimate, and revenue of $394.8 million, above expectations of $340.1 million. The company also reported record cash flow, supporting the positive reaction to its results. Hecla Reports Third Quarter 2026 Results
• Neutral Sentiment: The company revised its FY2026 production guidance. The available report does not specify the direction or scale of the revision, so its implications for future output are unclear. Hecla Mining Q3 Profit Climbs; Revises FY26 Production Guidance
• Neutral Sentiment: Hecla named Dale Andres to its board of directors; no financial or operational impact was detailed. Hecla Announces Dale Andres Joining the Board
• Negative Sentiment: Despite beating estimates, Q3 revenue was down 3.5% year over year, a sign of weaker sales compared with the same period last year. Hecla Mining Q3 Earnings, Revenue Rise

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.