Hecla Mining (NYSE:HL) Lifted to Hold at StockNews.com

Hecla Mining (NYSE:HL) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Friday.

Several other analysts also recently weighed in on HL. Roth Mkm reduced their target price on Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 8th. HC Wainwright reissued a “buy” rating and issued a $10.25 target price on shares of Hecla Mining in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Hecla Mining currently has a consensus rating of “Moderate Buy” and an average price target of $7.56.

Hecla Mining Trading Down 5.4 %

Shares of HL traded down $0.38 during mid-day trading on Friday, reaching $6.80. The stock had a trading volume of 13,990,560 shares, compared to its average volume of 8,695,729. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.29 and a quick ratio of 0.58. The firm has a market cap of $4.28 billion, a price-to-earnings ratio of -45.30 and a beta of 2.00. The business’s fifty day moving average is $5.90 and its 200 day moving average is $5.46. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.40.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Tuesday, August 6th. The basic materials company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The business had revenue of $245.66 million for the quarter, compared to analyst estimates of $208.80 million. Hecla Mining had a negative return on equity of 0.42% and a negative net margin of 5.56%. During the same quarter in the prior year, the company posted $0.03 EPS. On average, sell-side analysts predict that Hecla Mining will post 0.05 EPS for the current fiscal year.

Insider Transactions at Hecla Mining

In other news, VP Kurt Allen sold 108,612 shares of Hecla Mining stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the sale, the vice president now directly owns 173,700 shares of the company’s stock, valued at $1,175,949. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 1.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Continuum Advisory LLC boosted its position in shares of Hecla Mining by 313.6% in the second quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC bought a new stake in Hecla Mining during the 2nd quarter worth about $41,000. Ballentine Partners LLC bought a new stake in Hecla Mining during the second quarter worth $54,000. Oak Family Advisors LLC acquired a new stake in Hecla Mining during the 2nd quarter valued at $55,000. Finally, Empowered Funds LLC boosted its holdings in shares of Hecla Mining by 27.7% during the 1st quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company’s stock worth $65,000 after buying an additional 2,916 shares during the period. 63.01% of the stock is currently owned by institutional investors.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States, Canada, Japan, Korea, and China. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for custom smelters, metal traders, and third-party processors; and doré containing silver and gold.