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

Hecla Mining (NYSE:HL) was upgraded by research analysts at Wall Street Zen from a “buy” rating to a “strong-buy” rating in a research report issued on Saturday.

Several other research analysts have also recently issued reports on HL. Weiss Ratings reissued a “hold (c+)” rating on shares of Hecla Mining in a report on Monday, December 29th. Canaccord Genuity Group set a $26.50 target price on Hecla Mining in a research report on Friday, January 23rd. HC Wainwright boosted their target price on shares of Hecla Mining from $16.50 to $36.50 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a report on Wednesday, February 18th. Finally, Zacks Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 13th. One analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Hecla Mining presently has an average rating of “Hold” and a consensus target price of $21.63.

Hecla Mining Price Performance

Hecla Mining stock opened at $17.18 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.22 and a debt-to-equity ratio of 0.10. The company has a fifty day simple moving average of $23.42 and a 200-day simple moving average of $17.75. The stock has a market cap of $11.51 billion, a P/E ratio of 35.05 and a beta of 1.22. Hecla Mining has a 12-month low of $4.46 and a 12-month high of $34.17.

Insider Transactions at Hecla Mining

In related news, VP Kurt Allen sold 52,219 shares of the stock in a transaction on Tuesday, January 6th. The stock was sold at an average price of $21.91, for a total value of $1,144,118.29. Following the completion of the sale, the vice president directly owned 216,641 shares in the company, valued at approximately $4,746,604.31. This represents a 19.42% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.62% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

Institutional investors and hedge funds have recently modified their holdings of the stock. Ninety One UK Ltd increased its position in shares of Hecla Mining by 1.7% during the third quarter. Ninety One UK Ltd now owns 6,219,902 shares of the basic materials company’s stock worth $75,261,000 after acquiring an additional 103,009 shares during the last quarter. Maryland State Retirement & Pension System purchased a new stake in Hecla Mining during the 3rd quarter worth approximately $1,150,000. Yousif Capital Management LLC acquired a new position in shares of Hecla Mining in the 3rd quarter valued at approximately $2,483,000. Berman McAleer LLC acquired a new stake in shares of Hecla Mining during the third quarter worth approximately $593,000. Finally, B. Riley Wealth Advisors Inc. acquired a new stake in shares of Hecla Mining during the second quarter worth approximately $2,256,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.