Shares of Hecla Mining (NYSE:HL – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $6.43.
A number of research analysts have commented on HL shares. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Friday, November 17th. HC Wainwright cut their price target on shares of Hecla Mining from $9.00 to $8.75 and set a “buy” rating on the stock in a report on Wednesday, November 8th. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a report on Wednesday, January 3rd. Finally, TD Securities cut their price target on shares of Hecla Mining from $7.00 to $6.50 and set a “buy” rating on the stock in a report on Wednesday, November 8th.
Hecla Mining Stock Performance
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. FNY Investment Advisers LLC purchased a new stake in shares of Hecla Mining during the third quarter worth about $31,000. US Bancorp DE boosted its position in Hecla Mining by 107.9% in the fourth quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock valued at $37,000 after buying an additional 3,963 shares during the last quarter. Captrust Financial Advisors increased its holdings in Hecla Mining by 104.3% in the 2nd quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock worth $38,000 after buying an additional 4,932 shares during the period. Verition Fund Management LLC acquired a new stake in shares of Hecla Mining in the second quarter worth $40,000. Finally, Nomura Holdings Inc. purchased a new position in shares of Hecla Mining during the second quarter worth $45,000. 59.00% of the stock is currently owned by institutional investors.
Hecla Mining Company Profile
Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold.
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