A number of firms have modified their ratings and price targets on shares of Hecla Mining (NYSE: HL) recently:

  • 8/13/2018 – Hecla Mining had its “hold” rating reaffirmed by analysts at Canaccord Genuity. They now have a $3.25 price target on the stock.
  • 8/10/2018 – Hecla Mining had its “hold” rating reaffirmed by analysts at Royal Bank of Canada. They now have a $4.00 price target on the stock.
  • 8/10/2018 – Hecla Mining was given a new $7.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 8/9/2018 – Hecla Mining had its “hold” rating reaffirmed by analysts at BMO Capital Markets. They now have a $3.50 price target on the stock, down previously from $4.00.
  • 8/7/2018 – Hecla Mining was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. 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. “
  • 7/25/2018 – Hecla Mining was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/24/2018 – Hecla Mining had its “overweight” rating reaffirmed by analysts at JPMorgan Chase & Co.. They now have a $6.00 price target on the stock.
  • 7/24/2018 – Hecla Mining was given a new $8.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 7/18/2018 – Hecla Mining was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. 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. “
  • 7/13/2018 – Hecla Mining was given a new $4.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 7/13/2018 – Hecla Mining was downgraded by analysts at Canaccord Genuity from a “buy” rating to a “hold” rating. They now have a $3.75 price target on the stock.
  • 7/11/2018 – Hecla Mining was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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. “
  • 7/2/2018 – Hecla Mining was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.

Shares of NYSE:HL traded down $0.10 during trading on Monday, hitting $2.93. The company’s stock had a trading volume of 137,555 shares, compared to its average volume of 6,253,116. Hecla Mining has a 12 month low of $2.85 and a 12 month high of $5.54. The company has a quick ratio of 2.62, a current ratio of 3.16 and a debt-to-equity ratio of 0.36. The stock has a market capitalization of $1.21 billion, a PE ratio of 29.30, a price-to-earnings-growth ratio of 56.81 and a beta of 0.15.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, August 9th. The basic materials company reported $0.01 earnings per share for the quarter. Hecla Mining had a negative net margin of 1.02% and a positive return on equity of 2.91%. The firm had revenue of $147.30 million for the quarter, compared to analysts’ expectations of $143.33 million. During the same quarter in the prior year, the business earned ($0.04) EPS. The business’s quarterly revenue was up 9.7% on a year-over-year basis. analysts expect that Hecla Mining will post 0.05 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Friday, August 24th will be paid a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.34%. The ex-dividend date is Thursday, August 23rd. Hecla Mining’s payout ratio is 10.00%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Commerzbank Aktiengesellschaft FI raised its position in shares of Hecla Mining by 25.1% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 1,211,561 shares of the basic materials company’s stock valued at $4,216,000 after buying an additional 242,703 shares during the last quarter. Merriman Wealth Management LLC bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $1,056,000. BlackRock Inc. raised its position in shares of Hecla Mining by 8.3% during the second quarter. BlackRock Inc. now owns 27,987,889 shares of the basic materials company’s stock valued at $97,399,000 after buying an additional 2,146,765 shares during the last quarter. GAM Holding AG bought a new stake in shares of Hecla Mining during the second quarter valued at approximately $186,000. Finally, Royce & Associates LP raised its position in shares of Hecla Mining by 2.9% during the second quarter. Royce & Associates LP now owns 1,889,564 shares of the basic materials company’s stock valued at $6,576,000 after buying an additional 53,000 shares during the last quarter. Institutional investors own 60.10% of the company’s stock.

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Further Reading: Diversification Important in Investing

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