Hecla Mining (NYSE:HL) Lowered to Sell Rating by Roth Capital

Key Points

• Hecla Mining has been downgraded from a "neutral" to a "sell" rating by Roth Capital, with a price target set at $8.75, suggesting a potential downside of 26.42% from its current stock price.
• Despite the downgrade, other firms have mixed ratings, with Wall Street Zen upgrading the stock to a "buy" while national analysts maintain a consensus rating of "hold" with an average target price of $7.75.
• In its latest earnings report, Hecla Mining beat estimates with $0.08 EPS and a revenue of $304.03 million, reflecting a 23.8% increase year-over-year.

Hecla Mining (NYSE:HL - Get Free Report) was downgraded by equities researchers at Roth Capital from a "neutral" rating to a "sell" rating in a research note issued on Friday, Marketbeat.com reports. They presently have a $8.75 price target on the basic materials company's stock. Roth Capital's target price would indicate a potential downside of 26.42% from the company's current price. Roth Capital also issued estimates for Hecla Mining's Q3 2025 earnings at $0.11 EPS and FY2025 earnings at $0.37 EPS.

Several other research firms have also weighed in on HL. Wall Street Zen upgraded shares of Hecla Mining from a "hold" rating to a "buy" rating in a research report on Saturday, August 9th. National Bankshares set a $7.00 price objective on shares of Hecla Mining in a research report on Friday, June 13th. HC Wainwright raised their target price on shares of Hecla Mining from $11.50 to $12.50 and gave the stock a "buy" rating in a report on Thursday, August 7th. Weiss Ratings reiterated a "hold (c)" rating on shares of Hecla Mining in a report on Saturday, September 27th. Finally, BMO Capital Markets raised their target price on shares of Hecla Mining from $6.00 to $6.50 and gave the stock a "market perform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $7.75.

Hecla Mining Stock Performance

Shares of HL opened at $11.89 on Friday. The firm has a 50-day moving average price of $9.00 and a 200 day moving average price of $6.80. The firm has a market capitalization of $7.97 billion, a PE ratio of 74.33 and a beta of 1.31. The company has a quick ratio of 1.99, a current ratio of 2.67 and a debt-to-equity ratio of 0.23. Hecla Mining has a 52-week low of $4.46 and a 52-week high of $12.55.

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

Insiders Place Their Bets

In related news, VP Stuart Maurice Absolom sold 14,472 shares of the firm's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $11.29, for a total transaction of $163,388.88. Following the transaction, the vice president owned 73,200 shares of the company's stock, 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 is available through the SEC website. Insiders own 0.62% of the company's stock.

Hedge Funds Weigh In On Hecla Mining

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC raised its position in Hecla Mining by 28.7% during the third quarter. GAMMA Investing LLC now owns 6,426 shares of the basic materials company's stock valued at $78,000 after acquiring an additional 1,434 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Hecla Mining by 35.8% in the second quarter. Thrivent Financial for Lutherans now owns 344,395 shares of the basic materials company's stock valued at $2,063,000 after purchasing an additional 90,834 shares during the period. Monarch Capital Management Inc. bought a new position in shares of Hecla Mining in the second quarter valued at approximately $65,000. B. Riley Wealth Advisors Inc. bought a new position in shares of Hecla Mining in the second quarter valued at approximately $2,256,000. Finally, Marex Group plc bought a new position in shares of Hecla Mining in the second quarter valued at approximately $218,000. Institutional investors 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.