Hecla Mining (NYSE:HL) Stock Rating Upgraded by Wall Street Zen

Hecla Mining (NYSE:HL) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Sunday.

A number of other research analysts also recently issued reports on HL. HC Wainwright upped their price target on Hecla Mining from $11.50 to $12.50 and gave the company a “buy” rating in a report on Thursday, August 7th. CIBC upped their price target on Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Roth Capital set a $8.75 price target on Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. BMO Capital Markets upped their price objective on Hecla Mining from $6.00 to $6.50 and gave the company a “market perform” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Hecla Mining in a research report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $8.75.

Hecla Mining Trading Down 0.5%

Hecla Mining stock opened at $12.83 on Friday. The company has a current ratio of 2.67, a quick ratio of 1.99 and a debt-to-equity ratio of 0.23. The business’s fifty day simple moving average is $11.48 and its two-hundred day simple moving average is $7.89. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $15.44. The company has a market capitalization of $8.60 billion, a price-to-earnings ratio of 80.19 and a beta of 1.31.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Wednesday, August 6th. The basic materials company reported $0.08 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million for the quarter, compared to the consensus estimate of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.The company’s quarterly revenue was up 23.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.02 earnings per share. As a group, equities analysts predict that Hecla Mining will post 0.21 earnings per share for the current fiscal year.

Insider Buying and Selling at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of the company’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the completion of the transaction, the vice president owned 73,200 shares of the company’s stock, valued at $826,428. This represents a 16.51% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.62% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Hecla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HL. Transce3nd LLC bought a new position in Hecla Mining during the second quarter valued at approximately $25,000. USA Financial Formulas bought a new position in Hecla Mining during the third quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining during the first quarter valued at approximately $31,000. EverSource Wealth Advisors LLC boosted its stake in Hecla Mining by 255.6% during the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company’s stock valued at $37,000 after buying an additional 4,425 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in shares of Hecla Mining in the 2nd quarter valued at approximately $44,000. 63.01% of the stock is owned by institutional investors.

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.