Hecla Mining (NYSE:HL) Upgraded by StockNews.com to “Sell”

StockNews.com upgraded shares of Hecla Mining (NYSE:HL) to a sell rating in a research report report published on Wednesday morning.

HL has been the subject of a number of other reports. Roth Mkm increased their price target on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a buy rating in a research report on Tuesday. National Bank Financial reissued an outperform market weight rating on shares of Hecla Mining in a research report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of $6.68.

Hecla Mining Stock Performance

Shares of HL opened at $5.50 on Wednesday. Hecla Mining has a one year low of $3.33 and a one year high of $7.00. The company has a 50-day moving average of $4.15 and a two-hundred day moving average of $4.27. The stock has a market cap of $3.39 billion, a price-to-earnings ratio of -36.66 and a beta of 2.20. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). The firm had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.02 earnings per share. On average, equities research analysts expect that Hecla Mining will post 0.01 earnings per share for the current year.

Hecla Mining Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were issued a dividend of $0.006 per share. The ex-dividend date was Monday, March 11th. This represents a $0.02 annualized dividend and a yield of 0.44%. Hecla Mining’s dividend payout ratio (DPR) is presently -20.00%.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Hecla Mining by 0.9% during the third quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock valued at $225,090,000 after purchasing an additional 487,299 shares during the last quarter. Jump Financial LLC grew its holdings in Hecla Mining by 53.8% during the third quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock valued at $2,215,000 after purchasing an additional 198,254 shares during the last quarter. Northern Trust Corp grew its holdings in Hecla Mining by 1.2% during the third quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock valued at $23,182,000 after purchasing an additional 69,308 shares during the last quarter. TIAA Trust National Association acquired a new position in Hecla Mining during the fourth quarter valued at approximately $156,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Hecla Mining by 225.3% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company’s stock worth $1,635,000 after acquiring an additional 289,703 shares during the last quarter. Institutional investors and hedge funds 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.