National Bank Financial Reiterates “Outperform Market Weight” Rating for Hecla Mining (NYSE:HL)

Hecla Mining (NYSE:HL)‘s stock had its “outperform market weight” rating reissued by stock analysts at National Bank Financial in a report issued on Monday, Zacks.com reports.

HL has been the subject of several other research reports. StockNews.com raised shares of Hecla Mining to a “sell” rating in a research note on Wednesday. Roth Mkm increased their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Hecla Mining has a consensus rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Stock Up 0.7 %

Hecla Mining stock opened at $5.54 on Monday. Hecla Mining has a 12-month low of $3.33 and a 12-month high of $7.00. The company has a 50-day moving average price of $4.18 and a 200 day moving average price of $4.28. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The firm had revenue of $160.69 million for the quarter, compared to analyst estimates of $151.51 million. During the same quarter in the previous year, the business posted $0.02 earnings per share. Hecla Mining’s revenue for the quarter was down 17.5% on a year-over-year basis. As a group, analysts expect that Hecla Mining will post 0.04 EPS for the current fiscal year.

Institutional Trading of Hecla Mining

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in shares of Hecla Mining by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 57,913,541 shares of the basic materials company’s stock worth $278,564,000 after purchasing an additional 345,694 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Hecla Mining by 6.2% during the 4th quarter. Wellington Management Group LLP now owns 1,762,303 shares of the basic materials company’s stock worth $8,477,000 after purchasing an additional 103,136 shares in the last quarter. Creekmur Asset Management LLC purchased a new stake in shares of Hecla Mining during the 4th quarter worth $161,000. Virtu Financial LLC purchased a new stake in shares of Hecla Mining during the 4th quarter worth $628,000. Finally, Price T Rowe Associates Inc. MD boosted its position in shares of Hecla Mining by 4.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 427,396 shares of the basic materials company’s stock worth $2,056,000 after buying an additional 19,751 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.