Hecla Mining (NYSE:HL) Receives Consensus Rating of “Moderate Buy” from Brokerages

Hecla Mining (NYSE:HL) has earned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $7.56.

Several equities analysts have recently issued reports on HL shares. HC Wainwright reissued a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. StockNews.com cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, Roth Mkm reduced their price objective 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.

Insider Buying and Selling at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Hecla Mining

A number of large investors have recently added to or reduced their stakes in HL. KBC Group NV increased its stake in Hecla Mining by 19.2% in the 3rd quarter. KBC Group NV now owns 18,075 shares of the basic materials company’s stock worth $121,000 after purchasing an additional 2,909 shares in the last quarter. Cable Hill Partners LLC purchased a new position in shares of Hecla Mining in the third quarter worth approximately $208,000. GSA Capital Partners LLP acquired a new stake in shares of Hecla Mining during the third quarter valued at approximately $787,000. Sigma Planning Corp lifted its position in shares of Hecla Mining by 15.4% in the 3rd quarter. Sigma Planning Corp now owns 26,371 shares of the basic materials company’s stock valued at $176,000 after acquiring an additional 3,517 shares in the last quarter. Finally, Hollencrest Capital Management boosted its stake in Hecla Mining by 1.0% in the 3rd quarter. Hollencrest Capital Management now owns 248,727 shares of the basic materials company’s stock worth $1,659,000 after purchasing an additional 2,367 shares during the period. 63.01% of the stock is currently owned by institutional investors.

Hecla Mining Stock Performance

Shares of NYSE HL opened at $6.20 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.29 and a debt-to-equity ratio of 0.29. The firm’s 50-day moving average price is $6.52 and its two-hundred day moving average price is $5.82. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.68. The stock has a market capitalization of $3.90 billion, a P/E ratio of -77.50 and a beta of 2.00.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. The business had revenue of $245.66 million during the quarter, compared to analyst estimates of $208.80 million. During the same quarter in the previous year, the firm posted $0.03 EPS. As a group, sell-side analysts forecast that Hecla Mining will post 0.07 earnings per share for the current year.

About Hecla Mining

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.