Hecla Mining (HL) Earns Hold Rating from Canaccord Genuity

Hecla Mining (NYSE:HL)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a research note issued to investors on Monday. They presently have a $3.25 target price on the basic materials company’s stock. Canaccord Genuity’s target price would indicate a potential upside of 14.04% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. HC Wainwright set a $8.00 target price on Hecla Mining and gave the stock a “buy” rating in a report on Tuesday, July 24th. B. Riley decreased their target price on Hecla Mining from $5.30 to $5.00 and set a “buy” rating for the company in a research report on Friday, May 11th. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. BMO Capital Markets set a $4.00 target price on Hecla Mining and gave the stock a “hold” rating in a research report on Friday, July 13th. Finally, Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Wednesday, July 11th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $4.78.

Shares of NYSE HL opened at $2.85 on Monday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.77 and a current ratio of 3.35. The firm has a market capitalization of $1.45 billion, a P/E ratio of 29.50, a P/E/G ratio of 56.81 and a beta of 0.15. Hecla Mining has a 52-week low of $2.85 and a 52-week high of $5.54.



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

A number of institutional investors and hedge funds have recently modified their holdings of HL. Ceredex Value Advisors LLC bought a new position in Hecla Mining during the first quarter valued at about $29,057,000. Van ECK Associates Corp increased its stake in Hecla Mining by 7.4% during the second quarter. Van ECK Associates Corp now owns 44,849,502 shares of the basic materials company’s stock valued at $156,076,000 after acquiring an additional 3,102,585 shares during the period. BlackRock Inc. increased its stake in 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 acquiring an additional 2,146,765 shares during the period. Old Mutual Global Investors UK Ltd. increased its stake in Hecla Mining by 40.5% during the first quarter. Old Mutual Global Investors UK Ltd. now owns 3,349,211 shares of the basic materials company’s stock valued at $12,291,000 after acquiring an additional 965,000 shares during the period. Finally, GSA Capital Partners LLP bought a new position in Hecla Mining during the first quarter valued at about $2,655,000. Hedge funds and other institutional investors own 60.10% of the company’s stock.

About Hecla Mining

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.

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