Hecla Mining (NYSE:HL) Rating Lowered to Hold at ValuEngine

Hecla Mining (NYSE:HL) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Several other research firms have also recently weighed in on HL. B. Riley reduced their target price on shares of Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research note on Friday, October 11th. BMO Capital Markets upgraded Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $1.60 to $2.20 in a research note on Thursday, November 7th. Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a report on Friday, November 8th. Finally, Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 price objective for the company. in a research report on Wednesday, August 7th. Five analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $2.10.

NYSE:HL opened at $2.92 on Wednesday. The stock has a market cap of $1.41 billion, a P/E ratio of -26.55 and a beta of 0.97. Hecla Mining has a one year low of $1.21 and a one year high of $3.07. The company has a fifty day moving average price of $2.30 and a 200 day moving average price of $1.87. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.01). Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. The company had revenue of $161.50 million during the quarter, compared to analyst estimates of $179.40 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The business’s revenue for the quarter was up 12.4% on a year-over-year basis. As a group, equities research analysts anticipate that Hecla Mining will post -0.14 EPS for the current year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Great Lakes Advisors LLC boosted its stake in shares of Hecla Mining by 9.2% in the 2nd quarter. Great Lakes Advisors LLC now owns 1,619,799 shares of the basic materials company’s stock valued at $2,916,000 after purchasing an additional 136,780 shares in the last quarter. Aperio Group LLC boosted its position in Hecla Mining by 6.0% in the second quarter. Aperio Group LLC now owns 225,450 shares of the basic materials company’s stock valued at $406,000 after buying an additional 12,737 shares in the last quarter. Alps Advisors Inc. grew its stake in Hecla Mining by 348.8% during the second quarter. Alps Advisors Inc. now owns 1,752,151 shares of the basic materials company’s stock worth $3,154,000 after buying an additional 1,361,747 shares during the last quarter. First Trust Advisors LP grew its stake in Hecla Mining by 24.3% during the second quarter. First Trust Advisors LP now owns 631,418 shares of the basic materials company’s stock worth $1,137,000 after buying an additional 123,633 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of Hecla Mining by 66.8% during the third quarter. California Public Employees Retirement System now owns 892,371 shares of the basic materials company’s stock worth $1,571,000 after buying an additional 357,533 shares in the last quarter. 56.98% of the stock is currently owned by institutional investors.

Hecla Mining Company Profile

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

Further Reading: Discount Rate

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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