Hecla Mining (NYSE:HL) Earns Market Perform Rating from Analysts at BMO Capital Markets

Equities researchers at BMO Capital Markets began coverage on shares of Hecla Mining (NYSE:HL) in a research note issued on Friday, November 17th, MarketBeat Ratings reports. The firm set a “market perform” rating and a $4.75 price target on the basic materials company’s stock. BMO Capital Markets’ price objective points to a potential upside of 27.69% from the stock’s previous close.

A number of other research firms have also recently issued reports on HL. B. Riley reiterated a “neutral” rating on shares of Hecla Mining in a research report on Wednesday, November 1st. ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. HC Wainwright restated a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a report on Tuesday, August 29th. Canaccord Genuity restated a “hold” rating and set a $5.00 price target on shares of Hecla Mining in a report on Thursday, September 7th. Finally, Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the stock. Hecla Mining has an average rating of “Hold” and a consensus target price of $6.06.

Hecla Mining (HL) opened at $3.72 on Friday. The company has a market capitalization of $1,484.35, a PE ratio of 53.14, a P/E/G ratio of 68.89 and a beta of 0.20. Hecla Mining has a 52 week low of $3.63 and a 52 week high of $6.78. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating the Zacks’ consensus estimate of $0.02 by $0.02. The business had revenue of $140.80 million during the quarter, compared to the consensus estimate of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. Hecla Mining’s revenue for the quarter was down 21.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.07 earnings per share. equities analysts expect that Hecla Mining will post 0.05 EPS for the current year.

In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $5.24, for a total value of $327,500.00. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of HL. Ameriprise Financial Inc. raised its position in shares of Hecla Mining by 27.8% during the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after purchasing an additional 4,384 shares during the period. Trexquant Investment LP acquired a new position in shares of Hecla Mining during the second quarter worth approximately $124,000. Pacad Investment Ltd. raised its position in shares of Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after purchasing an additional 2,600 shares during the period. Advisor Group Inc. raised its position in shares of Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after purchasing an additional 16,561 shares during the period. Finally, Teacher Retirement System of Texas raised its position in shares of Hecla Mining by 2.6% during the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock worth $162,000 after purchasing an additional 802 shares during the period. 60.33% of the stock is currently owned by hedge funds and other institutional investors.

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Hecla Mining Company Profile

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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