Hecla Mining (NYSE:HL) Earns Hold (C) Rating from Weiss Ratings

Hecla Mining (NYSE:HL - Get Free Report)'s stock had its "hold (c)" rating reiterated by equities research analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

Other equities research analysts have also recently issued research reports about the company. Roth Capital set a $8.75 target price on Hecla Mining and gave the company a "sell" rating in a report on Friday, October 3rd. HC Wainwright increased their target price on Hecla Mining from $11.50 to $12.50 and gave the company a "buy" rating in a report on Thursday, August 7th. BMO Capital Markets raised their price objective on Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. CIBC raised their price objective on Hecla Mining from $7.50 to $8.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded Hecla Mining from a "hold" rating to a "buy" rating in a report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Hecla Mining has an average rating of "Hold" and a consensus target price of $7.75.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $13.34 on Wednesday. The business's fifty day moving average price is $9.40 and its two-hundred day moving average price is $6.94. The stock has a market cap of $8.94 billion, a PE ratio of 83.38 and a beta of 1.31. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.99 and a current ratio of 2.67. Hecla Mining has a one year low of $4.46 and a one year high of $13.36.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results on Wednesday, August 6th. The basic materials company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.05 by $0.03. The firm had revenue of $304.03 million for the quarter, compared to analysts' expectations of $248.93 million. Hecla Mining had a return on equity of 5.51% and a net margin of 9.55%.Hecla Mining's quarterly revenue was up 23.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.02 EPS. On average, analysts forecast that Hecla Mining will post 0.21 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, VP Stuart Maurice Absolom sold 14,472 shares of Hecla Mining stock in a transaction on Friday, September 12th. The stock was sold at an average price of $11.29, for a total value of $163,388.88. Following the transaction, the vice president owned 73,200 shares in the company, valued at approximately $826,428. This trade represents a 16.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.62% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Transce3nd LLC purchased a new position in Hecla Mining in the second quarter valued at about $25,000. Migdal Insurance & Financial Holdings Ltd. purchased a new position in Hecla Mining in the first quarter valued at about $31,000. EverSource Wealth Advisors LLC raised its position in Hecla Mining by 255.6% in the second quarter. EverSource Wealth Advisors LLC now owns 6,156 shares of the basic materials company's stock valued at $37,000 after purchasing an additional 4,425 shares during the period. GAMMA Investing LLC raised its position in Hecla Mining by 28.7% in the third quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company's stock valued at $78,000 after purchasing an additional 1,434 shares during the period. Finally, Headlands Technologies LLC purchased a new stake in shares of Hecla Mining during the second quarter worth about $44,000. 63.01% of the stock is 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.

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