Hecla Mining (NYSE:HL) PT Lowered to $4.00 at Roth Mkm

Hecla Mining (NYSE:HL) had its price target dropped by analysts at Roth Mkm from $4.50 to $4.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. Roth Mkm’s price target indicates a potential downside of 2.44% from the company’s previous close.

A number of other analysts also recently issued reports on HL. HC Wainwright cut their target price on Hecla Mining from $9.25 to $9.00 and set a “buy” rating for the company in a research note on Tuesday. TD Securities lowered their price objective on Hecla Mining from $8.00 to $7.50 and set a “buy” rating for the company in a research report on Thursday, August 10th. BMO Capital Markets began coverage on Hecla Mining in a research note on Thursday, September 14th. They set an “outperform” rating and a $5.50 target price on the stock. National Bank Financial began coverage on shares of Hecla Mining in a research note on Tuesday, June 27th. They set an “outperform” rating and a $7.50 target price for the company. Finally, StockNews.com started coverage on Hecla Mining in a research note on Thursday, August 17th. They set a “sell” rating for the company. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $6.59.

Hecla Mining Price Performance

HL stock traded down $0.09 during mid-day trading on Tuesday, hitting $4.10. The company had a trading volume of 573,792 shares, compared to its average volume of 7,401,021. The company has a market capitalization of $2.53 billion, a price-to-earnings ratio of -45.44 and a beta of 2.09. The company has a 50-day moving average price of $4.89 and a 200 day moving average price of $5.39. The company has a quick ratio of 1.09, a current ratio of 1.71 and a debt-to-equity ratio of 0.28. Hecla Mining has a 12-month low of $3.41 and a 12-month high of $7.00.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, August 8th. The basic materials company reported $0.03 earnings per share for the quarter. Hecla Mining had a positive return on equity of 1.23% and a negative net margin of 6.52%. The firm had revenue of $178.13 million during the quarter, compared to the consensus estimate of $183.71 million. During the same period in the previous year, the company posted $0.04 earnings per share. On average, research analysts anticipate that Hecla Mining will post 0.03 earnings per share for the current year.

Insider Activity

In other news, Director George R. Johnson acquired 8,500 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $4.07 per share, with a total value of $34,595.00. Following the completion of the acquisition, the director now directly owns 25,773 shares in the company, valued at $104,896.11. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.30% of the company’s stock.

Institutional Investors Weigh In On Hecla Mining

Several large investors have recently made changes to their positions in the company. Van ECK Associates Corp increased its position in Hecla Mining by 10.3% in the 1st quarter. Van ECK Associates Corp now owns 60,912,197 shares of the basic materials company’s stock valued at $385,574,000 after acquiring an additional 5,686,975 shares during the period. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 2.4% in the third quarter. Vanguard Group Inc. now owns 52,765,176 shares of the basic materials company’s stock worth $207,896,000 after purchasing an additional 1,225,682 shares in the last quarter. BlackRock Inc. increased its holdings in shares of Hecla Mining by 4.7% during the second quarter. BlackRock Inc. now owns 44,923,690 shares of the basic materials company’s stock valued at $231,357,000 after purchasing an additional 2,036,173 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Hecla Mining by 3.2% during the second quarter. Dimensional Fund Advisors LP now owns 34,992,930 shares of the basic materials company’s stock valued at $180,213,000 after purchasing an additional 1,072,891 shares in the last quarter. Finally, State Street Corp lifted its holdings in Hecla Mining by 23.3% in the first quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock worth $209,748,000 after purchasing an additional 6,033,244 shares during the period. Institutional investors and hedge funds own 59.00% 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 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.