HC Wainwright Reiterates “Buy” Rating for Hecla Mining (NYSE:HL)

Hecla Mining (NYSE:HL)‘s stock had its “buy” rating restated by analysts at HC Wainwright in a report issued on Friday,Benzinga reports. They presently have a $11.50 target price on the basic materials company’s stock. HC Wainwright’s target price suggests a potential upside of 111.98% from the company’s current price.

Other analysts have also issued research reports about the company. TD Securities cut their target price on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a research report on Friday, November 8th. StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a research report on Thursday, October 17th. Finally, National Bank Financial lowered Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $8.25.

Hecla Mining Stock Down 14.8 %

HL stock opened at $5.43 on Friday. The firm has a market cap of $3.41 billion, a PE ratio of -135.63 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.54 and a current ratio of 1.09. The firm’s 50 day moving average price is $5.44 and its 200-day moving average price is $5.86. Hecla Mining has a one year low of $3.40 and a one year high of $7.68.

Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million for the quarter, compared to analysts’ expectations of $229.21 million. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. On average, equities research analysts anticipate that Hecla Mining will post 0.06 EPS for the current year.

Hedge Funds Weigh In On Hecla Mining

Several institutional investors have recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Hecla Mining by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 61,393,040 shares of the basic materials company’s stock worth $301,440,000 after acquiring an additional 774,000 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after purchasing an additional 2,238,559 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Hecla Mining by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 13,904,662 shares of the basic materials company’s stock worth $68,289,000 after purchasing an additional 39,421 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Hecla Mining by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,220,645 shares of the basic materials company’s stock worth $35,453,000 after purchasing an additional 502,094 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Hecla Mining by 5.0% during the fourth quarter. Northern Trust Corp now owns 6,098,558 shares of the basic materials company’s stock worth $29,944,000 after purchasing an additional 289,865 shares in the last quarter. Institutional investors and hedge funds own 63.01% of the company’s stock.

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.