Brokerages Set Hecla Mining (HL) Price Target at $4.33

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Hecla Mining (NYSE:HL) has been assigned a consensus recommendation of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $4.33.

A number of brokerages have recently weighed in on HL. Canaccord Genuity raised shares of Hecla Mining from a “hold” rating to a “buy” rating and lifted their target price for the company from $2.75 to $3.25 in a research note on Tuesday, January 8th. ValuEngine raised shares of Hecla Mining from a “hold” rating to a “buy” rating in a research note on Monday, December 17th. HC Wainwright set a $7.00 target price on shares of Hecla Mining and gave the company a “buy” rating in a research note on Wednesday, October 24th. B. Riley set a $4.00 target price on shares of Hecla Mining and gave the company a “buy” rating in a research note on Monday, November 26th. Finally, TheStreet lowered shares of Hecla Mining from a “c-” rating to a “d” rating in a research note on Monday, November 26th.

Shares of Hecla Mining stock traded down $0.02 on Friday, reaching $2.57. 66,622 shares of the company traded hands, compared to its average volume of 4,642,399. Hecla Mining has a 52 week low of $2.17 and a 52 week high of $4.15. The company has a market capitalization of $1.24 billion, a P/E ratio of 25.76, a P/E/G ratio of 622.50 and a beta of 0.37. The company has a quick ratio of 0.92, a current ratio of 1.50 and a debt-to-equity ratio of 0.32.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Thursday, November 8th. The basic materials company reported ($0.04) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.03) by ($0.01). The business had revenue of $143.70 million during the quarter, compared to the consensus estimate of $149.34 million. Hecla Mining had a positive return on equity of 0.60% and a negative net margin of 5.18%. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. During the same period last year, the business posted $0.04 earnings per share. Equities analysts expect that Hecla Mining will post -0.06 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Hecla Mining by 29.2% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,353 shares of the basic materials company’s stock worth $76,000 after buying an additional 7,312 shares during the last quarter. Clean Yield Group raised its holdings in Hecla Mining by 59.9% in the fourth quarter. Clean Yield Group now owns 26,700 shares of the basic materials company’s stock worth $63,000 after buying an additional 10,000 shares during the last quarter. Strategic Family Wealth Counselors L.L.C. purchased a new position in Hecla Mining in the fourth quarter worth about $34,000. Bank of Montreal Can raised its holdings in Hecla Mining by 69.4% in the fourth quarter. Bank of Montreal Can now owns 57,121 shares of the basic materials company’s stock worth $135,000 after buying an additional 23,403 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Hecla Mining by 19.2% in the third quarter. JPMorgan Chase & Co. now owns 181,355 shares of the basic materials company’s stock worth $506,000 after buying an additional 29,221 shares during the last quarter. 59.08% of the stock is currently owned by institutional investors and hedge funds.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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