Hecla Mining (HL) Downgraded to Underperform at BMO Capital Markets

BMO Capital Markets lowered shares of Hecla Mining (NYSE:HL) from a market perform rating to an underperform rating in a report released on Monday, BenzingaRatingsTable reports. The brokerage currently has $1.10 price target on the basic materials company’s stock, down from their prior price target of $2.30.

HL has been the subject of several other reports. Canaccord Genuity cut Hecla Mining from a buy rating to a hold rating in a research report on Tuesday, January 15th. ValuEngine cut Hecla Mining from a buy rating to a hold rating in a research report on Friday, April 19th. Royal Bank of Canada cut Hecla Mining from a sector perform rating to an underperform rating and reduced their price objective for the company from $46.00 to $2.45 in a research report on Thursday, January 17th. HC Wainwright set a $6.00 target price on Hecla Mining and gave the stock a buy rating in a research report on Monday, April 22nd. Finally, B. Riley reaffirmed a neutral rating and issued a $3.00 target price (down from $3.50) on shares of Hecla Mining in a research report on Friday, March 1st. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Hecla Mining currently has an average rating of Hold and an average price target of $3.19.

HL opened at $1.55 on Monday. Hecla Mining has a 1-year low of $1.52 and a 1-year high of $4.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.21 and a quick ratio of 0.56. The company has a market capitalization of $763.38 million, a PE ratio of -14.09 and a beta of 0.33.



Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, May 9th. The basic materials company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.76%. The business had revenue of $152.60 million during the quarter, compared to the consensus estimate of $150.31 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm’s revenue was up 9.2% compared to the same quarter last year.

The company also recently announced a dividend, which will be paid on Tuesday, June 4th. Investors of record on Friday, May 24th will be given a $0.002 dividend. The ex-dividend date is Thursday, May 23rd. Hecla Mining’s dividend payout ratio (DPR) is currently -9.09%.

A number of hedge funds have recently modified their holdings of the stock. Van ECK Associates Corp raised its stake in Hecla Mining by 1.9% during the fourth quarter. Van ECK Associates Corp now owns 60,487,065 shares of the basic materials company’s stock worth $142,749,000 after acquiring an additional 1,151,059 shares in the last quarter. Vanguard Group Inc raised its stake in Hecla Mining by 19.8% during the third quarter. Vanguard Group Inc now owns 42,416,876 shares of the basic materials company’s stock worth $118,343,000 after acquiring an additional 7,019,088 shares in the last quarter. Vanguard Group Inc. raised its stake in Hecla Mining by 19.8% during the third quarter. Vanguard Group Inc. now owns 42,416,876 shares of the basic materials company’s stock worth $118,343,000 after acquiring an additional 7,019,088 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Hecla Mining by 0.5% during the first quarter. Dimensional Fund Advisors LP now owns 36,345,916 shares of the basic materials company’s stock worth $83,597,000 after acquiring an additional 163,967 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Hecla Mining by 0.9% during the fourth quarter. BlackRock Inc. now owns 32,792,082 shares of the basic materials company’s stock worth $77,389,000 after acquiring an additional 278,529 shares in the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

About Hecla Mining

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.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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