ValuEngine Downgrades Hecla Mining (HL) to Sell

ValuEngine lowered shares of Hecla Mining (NYSE:HL) from a hold rating to a sell rating in a report issued on Sunday.

HL has been the topic of a number of other research reports. HC Wainwright restated a buy rating and issued a $8.50 price objective on shares of Hecla Mining in a research report on Friday, October 13th. Cantor Fitzgerald started coverage on shares of Hecla Mining in a research report on Monday, December 4th. They issued a buy rating and a $5.00 price objective on the stock. Royal Bank of Canada set a $6.00 price objective on shares of Hecla Mining and gave the company a hold rating in a research report on Wednesday, October 18th. BMO Capital Markets began coverage on shares of Hecla Mining in a research report on Friday, November 17th. They issued a market perform rating and a $4.75 price objective on the stock. Finally, Canaccord Genuity reiterated a hold rating and set a $5.25 price target on shares of Hecla Mining in a research report on Friday, October 6th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Hecla Mining currently has a consensus rating of Hold and a consensus price target of $5.57.

Hecla Mining (NYSE HL) traded down $0.15 during mid-day trading on Friday, hitting $4.09. 5,287,200 shares of the company’s stock were exchanged, compared to its average volume of 5,210,700. Hecla Mining has a 12-month low of $3.43 and a 12-month high of $6.78. The stock has a market capitalization of $1,640.00, a PE ratio of 68.17, a price-to-earnings-growth ratio of 26.09 and a beta of 0.20. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same quarter in the previous year, the company earned $0.07 earnings per share. The company’s revenue for the quarter was down 21.5% compared to the same quarter last year. research analysts expect that Hecla Mining will post 0.05 EPS for the current fiscal year.

In other Hecla Mining news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were acquired at an average price of $3.76 per share, with a total value of $48,880.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The disclosure for this sale can be found here. 1.50% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its stake in Hecla Mining by 15.6% during the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after acquiring an additional 3,143 shares in the last quarter. Pacad Investment Ltd. boosted its stake in Hecla Mining by 10.4% during the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 2,600 shares in the last quarter. Advisor Group Inc. boosted its stake in Hecla Mining by 148.1% during the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock worth $142,000 after acquiring an additional 16,561 shares in the last quarter. Ameritas Investment Partners Inc. lifted its stake in shares of Hecla Mining by 5.0% in the second quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after buying an additional 1,643 shares in the last quarter. Finally, Parametrica Management Ltd bought a new position in shares of Hecla Mining in the third quarter worth approximately $187,000. 60.28% of the stock is currently owned by institutional investors and hedge funds.

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Hecla Mining Company Profile

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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

Analyst Recommendations for Hecla Mining (NYSE:HL)

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