HC Wainwright Forecasts Strong Price Appreciation for Hecla Mining (NYSE:HL) Stock

Hecla Mining (NYSE:HL) had its target price upped by analysts at HC Wainwright from $12.50 to $16.50 in a report released on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price target indicates a potential upside of 19.05% from the company’s current price. HC Wainwright also issued estimates for Hecla Mining’s FY2025 earnings at $0.34 EPS and FY2026 earnings at $0.51 EPS.

Several other research firms have also issued reports on HL. Roth Capital set a $8.75 price target on Hecla Mining and gave the company a “sell” rating in a report on Friday, October 3rd. BMO Capital Markets increased their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a “market perform” rating in a report on Thursday, August 7th. CIBC lifted their price target on shares of Hecla Mining from $12.50 to $15.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Wall Street Zen raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Sunday, November 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Hecla Mining in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $9.32.

Hecla Mining Stock Performance

Shares of NYSE:HL traded up $0.31 during trading on Thursday, hitting $13.86. The company’s stock had a trading volume of 19,508,746 shares, compared to its average volume of 22,024,551. The company has a 50-day moving average of $11.96 and a 200-day moving average of $8.12. Hecla Mining has a 12 month low of $4.46 and a 12 month high of $15.44. The company has a debt-to-equity ratio of 0.23, a current ratio of 2.67 and a quick ratio of 1.99. The firm has a market cap of $9.29 billion, a price-to-earnings ratio of 86.63 and a beta of 1.29.

Hecla Mining (NYSE:HL) last announced its earnings results on Wednesday, November 5th. The basic materials company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $409.54 million during the quarter, compared to analysts’ expectations of $315.60 million. Hecla Mining had a net margin of 9.55% and a return on equity of 5.51%. The firm’s revenue was up 67.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.03 earnings per share. On average, sell-side analysts expect that Hecla Mining will post 0.21 earnings per share for the current year.

Insider Buying and Selling at Hecla Mining

In other news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the sale, the vice president directly owned 73,200 shares of the company’s stock, valued at approximately $826,428. The trade was a 16.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is currently owned by insiders.

Institutional Trading of Hecla Mining

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Hecla Mining by 13.4% in the third quarter. Vanguard Group Inc. now owns 71,349,059 shares of the basic materials company’s stock worth $863,324,000 after purchasing an additional 8,452,401 shares during the last quarter. Pale Fire Capital SE purchased a new stake in shares of Hecla Mining during the 1st quarter valued at about $41,360,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Hecla Mining by 40.6% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 17,052,346 shares of the basic materials company’s stock valued at $102,144,000 after buying an additional 4,928,130 shares in the last quarter. Nuveen LLC bought a new position in shares of Hecla Mining in the 1st quarter valued at about $18,410,000. Finally, Principal Financial Group Inc. grew its position in Hecla Mining by 7,588.1% in the third quarter. Principal Financial Group Inc. now owns 3,189,473 shares of the basic materials company’s stock worth $38,593,000 after acquiring an additional 3,147,987 shares in the last quarter. Institutional investors own 63.01% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.