ValuEngine Upgrades Hecla Mining (HL) to Hold

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

Several other equities analysts also recently weighed in on the company. Canaccord Genuity reiterated a “buy” rating and set a $5.00 target price on shares of Hecla Mining in a research report on Monday, January 8th. HC Wainwright set a $9.00 target price on Hecla Mining and gave the company a “buy” rating in a research report on Thursday, February 8th. Zacks Investment Research downgraded Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. Royal Bank of Canada set a $5.00 target price on Hecla Mining and gave the company a “hold” rating in a research report on Tuesday, March 20th. Finally, BMO Capital Markets lowered their target price on Hecla Mining from $4.50 to $4.00 and set a “hold” rating on the stock in a research report on Tuesday, March 20th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $5.14.

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Shares of HL opened at $3.92 on Thursday. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.86 and a quick ratio of 2.37. Hecla Mining has a one year low of $3.25 and a one year high of $6.16. The firm has a market capitalization of $1,529.69, a P/E ratio of 39.20, a PEG ratio of 114.90 and a beta of 0.38.



Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 15th. The basic materials company reported $0.04 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.02. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The company had revenue of $160.10 million during the quarter, compared to analyst estimates of $156.85 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. Hecla Mining’s revenue was down 2.6% compared to the same quarter last year. equities research analysts predict that Hecla Mining will post 0.03 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in HL. Millennium Management LLC purchased a new position in shares of Hecla Mining in the fourth quarter valued at about $13,161,000. Alps Advisors Inc. lifted its position in shares of Hecla Mining by 179.6% in the fourth quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after acquiring an additional 1,184,666 shares in the last quarter. BlackRock Inc. lifted its position in shares of Hecla Mining by 2.8% in the fourth quarter. BlackRock Inc. now owns 25,922,232 shares of the basic materials company’s stock valued at $102,911,000 after acquiring an additional 694,899 shares in the last quarter. Old Mutual Global Investors UK Ltd. lifted its position in shares of Hecla Mining by 28.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,384,211 shares of the basic materials company’s stock valued at $9,465,000 after acquiring an additional 530,000 shares in the last quarter. Finally, Virtus Fund Advisers LLC lifted its position in shares of Hecla Mining by 7.7% in the fourth quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock valued at $28,573,000 after acquiring an additional 515,890 shares in the last quarter. Institutional investors and hedge funds own 59.93% of the company’s stock.

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Hecla Mining Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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