Hecla Mining Company (HL) Stock Rating Reaffirmed by BMO Capital Markets
Hecla Mining Company (NYSE:HL)‘s stock had its “hold” rating reaffirmed by BMO Capital Markets in a research note issued on Wednesday.
HL has been the topic of a number of other reports. HC Wainwright reissued a “buy” rating and issued a $8.50 price objective on shares of Hecla Mining in a report on Friday, October 13th. ValuEngine lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Royal Bank Of Canada set a $6.00 price objective on Hecla Mining and gave the company a “hold” rating in a report on Wednesday, October 18th. Canaccord Genuity reissued a “hold” rating and issued a $5.25 price objective on shares of Hecla Mining in a report on Friday, October 6th. Finally, TheStreet lowered Hecla Mining from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Hecla Mining currently has a consensus rating of “Hold” and a consensus target price of $6.52.
Hecla Mining (NYSE HL) opened at $4.19 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,839.48, a PE ratio of 65.86, a PEG ratio of 88.65 and a beta of 0.31. Hecla Mining has a 1-year low of $4.03 and a 1-year high of $7.08.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The company’s revenue was down 21.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.07 earnings per share. sell-side analysts anticipate that Hecla Mining will post 0.05 EPS for the current fiscal year.
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In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of the firm’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.50% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently modified their holdings of HL. Ameriprise Financial Inc. grew its holdings 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 during the period. Trexquant Investment LP acquired a new stake in Hecla Mining in the second quarter valued at approximately $124,000. Pacad Investment Ltd. grew its holdings in Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 2,600 shares during the period. Advisor Group Inc. grew its holdings in Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 16,561 shares during the period. Finally, Virtu Financial LLC acquired a new stake in Hecla Mining in the second quarter valued at approximately $143,000. 59.34% of the stock is currently owned by institutional investors.
About Hecla Mining
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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