Hecla Mining (NYSE:HL) Raised to “Hold” at StockNews.com

Hecla Mining (NYSE:HL) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Friday.

Other equities research analysts also recently issued reports about the company. HC Wainwright reiterated a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a research report on Thursday, August 8th. Roth Mkm dropped their price target on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $7.56.

Hecla Mining Stock Performance

Hecla Mining stock traded down $0.38 during trading on Friday, reaching $6.80. The company had a trading volume of 13,990,560 shares, compared to its average volume of 8,695,729. The firm has a market capitalization of $4.28 billion, a price-to-earnings ratio of -45.30 and a beta of 2.00. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The firm’s 50-day simple moving average is $5.90 and its 200 day simple moving average is $5.46. Hecla Mining has a 52 week low of $3.33 and a 52 week high of $7.40.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm had revenue of $245.66 million for the quarter, compared to analysts’ expectations of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same period in the previous year, the firm earned $0.03 EPS. Sell-side analysts forecast that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

Insider Activity

In other Hecla Mining news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction dated Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the transaction, the vice president now directly owns 173,700 shares in the company, valued at $1,175,949. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.40% of the company’s stock.

Institutional Trading of Hecla Mining

Several large investors have recently added to or reduced their stakes in the company. SCP Investment LP raised its holdings in shares of Hecla Mining by 34.7% during the fourth quarter. SCP Investment LP now owns 38,800 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 10,000 shares during the last quarter. Norges Bank acquired a new position in shares of Hecla Mining in the 4th quarter valued at about $13,761,000. TFO Wealth Partners LLC boosted its stake in shares of Hecla Mining by 82,825.0% in the fourth quarter. TFO Wealth Partners LLC now owns 23,219 shares of the basic materials company’s stock worth $112,000 after buying an additional 23,191 shares during the last quarter. Capital Fund Management S.A. grew its holdings in Hecla Mining by 9.1% during the fourth quarter. Capital Fund Management S.A. now owns 1,202,485 shares of the basic materials company’s stock worth $5,784,000 after acquiring an additional 100,468 shares during the period. Finally, Sprott Inc. raised its position in Hecla Mining by 1.6% during the fourth quarter. Sprott Inc. now owns 2,664,692 shares of the basic materials company’s stock valued at $12,817,000 after acquiring an additional 42,033 shares in the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.