Hecla Mining (NYSE:HL) Upgraded to Hold at StockNews.com

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

A number of other brokerages have also commented on HL. HC Wainwright restated a “buy” rating and set a $10.25 price objective on shares of Hecla Mining in a report on Thursday, August 8th. Roth Mkm dropped their price objective on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Hecla Mining Stock Performance

NYSE HL opened at $6.43 on Wednesday. The firm has a market cap of $4.03 billion, a price-to-earnings ratio of -42.87 and a beta of 2.01. The company has a 50 day moving average of $6.01 and a 200-day moving average of $5.59. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $7.40.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results 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 business had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. During the same quarter last year, the business posted $0.03 earnings per share. On average, equities 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 firm’s stock in a transaction on 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 sale, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HL. Capital Fund Management S.A. grew its holdings in shares of 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 valued at $5,784,000 after buying an additional 100,468 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of Hecla Mining during the fourth quarter valued at about $628,000. Creekmur Asset Management LLC purchased a new position in Hecla Mining during the fourth quarter worth about $161,000. Wellington Management Group LLP boosted its holdings in Hecla Mining by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 1,762,303 shares of the basic materials company’s stock worth $8,477,000 after purchasing an additional 103,136 shares during the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Hecla Mining by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 57,913,541 shares of the basic materials company’s stock worth $278,564,000 after purchasing an additional 345,694 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

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.