TD Securities Issues Pessimistic Forecast for Hecla Mining (NYSE:HL) Stock Price

Hecla Mining (NYSE:HL) had its target price reduced by stock analysts at TD Securities from $7.00 to $6.50 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a “buy” rating on the basic materials company’s stock. TD Securities’ target price suggests a potential upside of 24.40% from the stock’s previous close.

HL has been the subject of several other reports. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, February 17th. Roth Mkm lowered their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating for the company in a research note on Tuesday, February 18th. HC Wainwright restated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a research note on Friday, February 14th. Finally, National Bank Financial downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.00.

Hecla Mining Price Performance

NYSE HL opened at $5.23 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The firm’s 50 day moving average price is $5.42 and its 200-day moving average price is $5.87. Hecla Mining has a 52-week low of $3.40 and a 52-week high of $7.68. The company has a market cap of $3.30 billion, a PE ratio of 104.52 and a beta of 1.91.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million during the quarter, compared to analyst estimates of $229.21 million. Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. Sell-side analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Insider Transactions at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov bought 6,570 shares of Hecla Mining stock in a transaction that occurred on Wednesday, February 19th. The stock was purchased at an average price of $5.29 per share, with a total value of $34,755.30. Following the completion of the acquisition, the chief executive officer now directly owns 331,856 shares in the company, valued at approximately $1,755,518.24. This trade represents a 2.02 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC raised its holdings in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of Hecla Mining during the fourth quarter worth $25,000. Principal Securities Inc. purchased a new position in shares of Hecla Mining during the fourth quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hecla Mining during the third quarter worth $28,000. Finally, Blue Trust Inc. increased its holdings in Hecla Mining by 30.7% in the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock valued at $41,000 after buying an additional 1,961 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.