Hecla Mining (NYSE:HL) Price Target Increased to $7.50 by Analysts at CIBC

Hecla Mining (NYSE:HL - Get Free Report) had its target price hoisted by analysts at CIBC from $6.75 to $7.50 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. CIBC's price objective would suggest a potential upside of 26.05% from the company's previous close.

A number of other equities research analysts have also issued reports on HL. StockNews.com upgraded shares of Hecla Mining to a "sell" rating in a report on Thursday, May 9th. Cantor Fitzgerald upgraded shares of Hecla Mining to a "strong-buy" rating in a report on Thursday, May 9th. National Bank Financial reiterated an "outperform market weight" rating on shares of Hecla Mining in a report on Monday, April 8th. HC Wainwright reiterated a "buy" rating and set a $10.25 target price on shares of Hecla Mining in a report on Thursday, May 9th. Finally, 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 report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $6.97.

Hecla Mining Trading Down 3.7 %

Shares of HL stock traded down $0.23 during trading hours on Wednesday, hitting $5.95. The company had a trading volume of 10,243,417 shares, compared to its average volume of 8,205,857. The company's fifty day moving average is $5.09 and its 200 day moving average is $4.55. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.67 and a quick ratio of 1.00. Hecla Mining has a fifty-two week low of $3.33 and a fifty-two week high of $6.29. The stock has a market capitalization of $3.73 billion, a PE ratio of -39.67 and a beta of 2.21.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. grew its position in Hecla Mining by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company's stock worth $225,090,000 after purchasing an additional 487,299 shares during the last quarter. Russell Investments Group Ltd. grew its position in Hecla Mining by 21.5% during the 4th quarter. Russell Investments Group Ltd. now owns 223,508 shares of the basic materials company's stock worth $1,075,000 after purchasing an additional 39,494 shares during the last quarter. Jump Financial LLC grew its position in Hecla Mining by 53.8% during the 3rd quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company's stock worth $2,215,000 after purchasing an additional 198,254 shares during the last quarter. Northern Trust Corp grew its position in Hecla Mining by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company's stock worth $23,182,000 after purchasing an additional 69,308 shares during the last quarter. Finally, TIAA Trust National Association purchased a new position in Hecla Mining during the 4th quarter worth $156,000. 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.