Hecla Mining Company (NYSE:HL) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

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. “

Several other equities research analysts also recently issued reports on the stock. Canaccord Genuity reissued a “hold” rating and set a $5.25 price objective on shares of Hecla Mining in a research report on Friday, October 6th. BMO Capital Markets reissued a “hold” rating and set a $6.00 price objective on shares of Hecla Mining in a research report on Wednesday, September 20th. ValuEngine raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. HC Wainwright reissued a “buy” rating and set a $8.50 price objective on shares of Hecla Mining in a research report on Tuesday, August 29th. Finally, TheStreet downgraded shares of Hecla Mining from a “b-” rating to a “c” rating in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $6.52.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.05). Hecla Mining had a return on equity of 2.56% and a net margin of 7.88%. The company had revenue of $134.30 million for the quarter, compared to the consensus estimate of $130.54 million. During the same period in the prior year, the company earned $0.06 EPS. The firm’s revenue was down 21.6% on a year-over-year basis.

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A number of institutional investors have recently added to or reduced their stakes in HL. Bank of New York Mellon Corp grew its position in Hecla Mining by 7.4% in the first quarter. Bank of New York Mellon Corp now owns 1,814,282 shares of the basic materials company’s stock valued at $9,597,000 after purchasing an additional 125,779 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Hecla Mining by 21.7% in the first quarter. UBS Asset Management Americas Inc. now owns 227,544 shares of the basic materials company’s stock valued at $1,204,000 after purchasing an additional 40,512 shares in the last quarter. Karp Capital Management Corp bought a new position in Hecla Mining in the first quarter valued at $378,000. Ameriprise Financial Inc. grew its position in Hecla Mining by 27.8% in the first quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,384 shares in the last quarter. Finally, Parametric Portfolio Associates LLC grew its position in Hecla Mining by 14.5% in the first quarter. Parametric Portfolio Associates LLC now owns 728,355 shares of the basic materials company’s stock valued at $3,853,000 after purchasing an additional 92,081 shares in the last quarter. 59.35% 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. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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