Hecla Mining (NYSE:HL) Downgraded by StockNews.com to Sell

Hecla Mining (NYSE:HL) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Roth Mkm cut their target price on shares of Hecla Mining from $6.25 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. HC Wainwright reiterated a “buy” rating and set a $10.25 price target on shares of Hecla Mining in a report on Thursday, August 8th. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and an average target price of $7.56.

Hecla Mining Stock Performance

Shares of HL opened at $6.78 on Thursday. The company has a current ratio of 1.29, a quick ratio of 0.58 and a debt-to-equity ratio of 0.29. The stock has a market cap of $4.25 billion, a P/E ratio of -45.20 and a beta of 2.01. The company has a 50-day moving average of $6.20 and a two-hundred day moving average of $5.67. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.40.

Hecla Mining (NYSE:HL) last announced its earnings results on Tuesday, August 6th. The basic materials company reported $0.02 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The company had revenue of $245.66 million during the quarter, compared to analysts’ expectations of $208.80 million. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. During the same quarter in the previous year, the business posted $0.03 earnings per share. As a group, research analysts predict that Hecla Mining will post 0.07 EPS for the current fiscal year.

Insider Activity at Hecla Mining

In related news, VP Kurt Allen sold 108,612 shares of the business’s stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $6.77, for a total value of $735,303.24. Following the completion of the sale, the vice president now directly owns 173,700 shares in the company, valued at approximately $1,175,949. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.40% of the stock is owned by insiders.

Institutional Investors Weigh In On Hecla Mining

A number of institutional investors have recently bought and sold shares of HL. nVerses Capital LLC lifted its position in Hecla Mining by 36.5% during the third quarter. nVerses Capital LLC now owns 43,000 shares of the basic materials company’s stock valued at $287,000 after buying an additional 11,500 shares in the last quarter. SPC Financial Inc. lifted its position in Hecla Mining by 81.9% during the third quarter. SPC Financial Inc. now owns 25,100 shares of the basic materials company’s stock valued at $167,000 after buying an additional 11,300 shares in the last quarter. Creative Planning lifted its position in Hecla Mining by 10.0% during the third quarter. Creative Planning now owns 114,721 shares of the basic materials company’s stock valued at $765,000 after buying an additional 10,404 shares in the last quarter. Sound Income Strategies LLC acquired a new position in Hecla Mining during the third quarter valued at approximately $49,000. Finally, CWM LLC lifted its position in Hecla Mining by 29.8% during the third quarter. CWM LLC now owns 22,471 shares of the basic materials company’s stock valued at $150,000 after buying an additional 5,159 shares in the last quarter. 63.01% of the stock is currently owned by hedge funds and other institutional investors.

Hecla Mining Company Profile

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.