Hecla Mining Co. (NYSE:HL) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage presently has a $5.75 price target on the stock. Zacks Investment Research’s price objective would indicate a potential upside of 12.30% from the stock’s previous close.

According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “

A number of other brokerages also recently commented on HL. Rodman & Renshaw began coverage on shares of Hecla Mining in a research note on Tuesday, September 6th. They set a “buy” rating and a $9.00 target price for the company. BMO Capital Markets downgraded shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research note on Tuesday, August 23rd. Deutsche Bank AG boosted their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. upgraded shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a research note on Tuesday, August 9th. Finally, FBR & Co boosted their target price on shares of Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 9th. Seven research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $5.51.

Analyst Recommendations for Hecla Mining (NYSE:HL)

Shares of Hecla Mining (NYSE:HL) traded down 2.85% on Tuesday, reaching $5.12. The company had a trading volume of 6,262,685 shares. The stock’s market capitalization is $1.98 billion. The company’s 50 day moving average price is $5.69 and its 200-day moving average price is $5.02. Hecla Mining has a 1-year low of $1.45 and a 1-year high of $7.26.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to the consensus estimate of $141.25 million. Hecla Mining had a negative net margin of 9.44% and a positive return on equity of 1.54%. The company’s quarterly revenue was up 64.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.05) earnings per share. Equities analysts predict that Hecla Mining will post $0.19 EPS for the current year.

In other news, VP David C. Sienko sold 13,722 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $5.85, for a total value of $80,273.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Taylor sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total transaction of $30,450.00. Following the completion of the sale, the director now directly owns 45,000 shares of the company’s stock, valued at $274,050. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by insiders.

Several large investors have recently made changes to their positions in HL. Raymond James & Associates boosted its position in Hecla Mining by 88.8% in the second quarter. Raymond James & Associates now owns 20,780 shares of the company’s stock valued at $106,000 after buying an additional 9,776 shares in the last quarter. Investors Capital Advisory Services boosted its position in Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock valued at $114,000 after buying an additional 57 shares in the last quarter. Washington Trust Bank boosted its position in Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock valued at $120,000 after buying an additional 967 shares in the last quarter. Public Employees Retirement System of Ohio boosted its position in Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock valued at $121,000 after buying an additional 143 shares in the last quarter. Finally, Nuveen Asset Management LLC boosted its position in Hecla Mining by 6.6% in the second quarter. Nuveen Asset Management LLC now owns 25,262 shares of the company’s stock valued at $129,000 after buying an additional 1,567 shares in the last quarter. 57.97% of the stock is owned by institutional investors and hedge funds.

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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.

5 Day Chart for NYSE:HL

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