ValuEngine Downgrades Hecla Mining (NYSE:HL) to Hold

ValuEngine downgraded shares of Hecla Mining (NYSE:HL) from a buy rating to a hold rating in a report released on Wednesday, ValuEngine reports.

HL has been the topic of a number of other research reports. BMO Capital Markets upgraded shares of Hecla Mining from an underperform rating to a market perform rating and increased their price objective for the company from $1.60 to $2.20 in a research report on Thursday, November 7th. HC Wainwright lifted their target price on shares of Hecla Mining from $3.00 to $3.75 and gave the stock a buy rating in a research report on Monday, August 19th. B. Riley decreased 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. 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 target on the stock. in a research note on Wednesday, August 7th. Five research analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $2.10.

Shares of NYSE:HL opened at $2.78 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. The business has a 50-day simple moving average of $2.32 and a two-hundred day simple moving average of $1.88. Hecla Mining has a fifty-two week low of $1.21 and a fifty-two week high of $3.07.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.01). Hecla Mining had a negative net margin of 19.71% and a negative return on equity of 5.71%. The company had revenue of $161.50 million for the quarter, compared to analysts’ expectations of $179.40 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s revenue was up 12.4% compared to the same quarter last year. Research analysts expect that Hecla Mining will post -0.13 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a $0.002 dividend. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.29%. The ex-dividend date was Thursday, November 21st. Hecla Mining’s payout ratio is -9.09%.

A number of hedge funds and other institutional investors have recently made changes to their positions in HL. Great Lakes Advisors LLC raised its position in Hecla Mining by 9.2% in the second quarter. Great Lakes Advisors LLC now owns 1,619,799 shares of the basic materials company’s stock worth $2,916,000 after acquiring an additional 136,780 shares during the period. Aperio Group LLC grew its position in shares of Hecla Mining by 6.0% during the 2nd quarter. Aperio Group LLC now owns 225,450 shares of the basic materials company’s stock valued at $406,000 after acquiring an additional 12,737 shares during the period. Alps Advisors Inc. increased its stake in shares of Hecla Mining by 348.8% in the 2nd quarter. Alps Advisors Inc. now owns 1,752,151 shares of the basic materials company’s stock worth $3,154,000 after purchasing an additional 1,361,747 shares in the last quarter. First Trust Advisors LP increased its stake in shares of Hecla Mining by 24.3% in the 2nd quarter. First Trust Advisors LP now owns 631,418 shares of the basic materials company’s stock worth $1,137,000 after purchasing an additional 123,633 shares in the last quarter. Finally, California Public Employees Retirement System increased its stake in shares of Hecla Mining by 66.8% in the 3rd quarter. California Public Employees Retirement System now owns 892,371 shares of the basic materials company’s stock worth $1,571,000 after purchasing an additional 357,533 shares in the last quarter. Institutional investors own 56.98% of the company’s stock.

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.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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