Hecla Mining (NYSE:HL) Stock Rating Reaffirmed by HC Wainwright

Hecla Mining (NYSE:HL - Get Free Report)'s stock had its "buy" rating reiterated by analysts at HC Wainwright in a report released on Thursday, Benzinga reports. They presently have a $10.25 target price on the basic materials company's stock. HC Wainwright's target price would suggest a potential upside of 87.39% from the company's current price.

Other equities research analysts have also recently issued research reports about the stock. National Bank Financial reaffirmed an "outperform market weight" rating on shares of Hecla Mining in a report on Monday, April 8th. Roth Mkm boosted their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a "buy" rating in a report on Tuesday, April 9th. Finally, StockNews.com raised Hecla Mining to a "sell" rating in a report on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $6.89.

Hecla Mining Stock Up 11.4 %

Shares of NYSE:HL traded up $0.56 during trading on Thursday, reaching $5.47. 18,016,660 shares of the stock were exchanged, compared to its average volume of 7,880,230. Hecla Mining has a 1-year low of $3.33 and a 1-year high of $6.23. The stock has a fifty day moving average of $4.75 and a two-hundred day moving average of $4.44. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.65 and a quick ratio of 1.06. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of -35.40 and a beta of 2.21.

Hecla Mining (NYSE:HL - Get Free Report) last announced its earnings results 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). The company had revenue of $160.69 million for the quarter, compared to analysts' expectations of $151.51 million. Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The firm's quarterly revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.02 EPS. Research analysts anticipate that Hecla Mining will post 0.02 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hecla Mining

Hedge funds and other institutional investors have recently modified their holdings of the company. Byrne Asset Management LLC bought a new position in shares of Hecla Mining in the first quarter worth about $34,000. Advisor Partners II LLC purchased a new position in Hecla Mining during the third quarter valued at approximately $52,000. Empowered Funds LLC boosted its position in shares of Hecla Mining by 27.7% in the first quarter. Empowered Funds LLC now owns 13,447 shares of the basic materials company's stock worth $65,000 after purchasing an additional 2,916 shares during the period. Cornerstone Wealth Management LLC bought a new stake in shares of Hecla Mining during the 4th quarter valued at $72,000. Finally, Banco Santander S.A. lifted its stake in shares of Hecla Mining by 15.6% during the 3rd quarter. Banco Santander S.A. now owns 18,687 shares of the basic materials company's stock valued at $73,000 after buying an additional 2,525 shares in the last quarter. 63.01% of the stock is owned by institutional investors.

About Hecla Mining

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.