Hecla Mining Company (NYSE:HL) was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating in a report issued on Friday.

Other equities analysts have also issued reports about the stock. TheStreet upgraded shares of Hecla Mining from a “c+” rating to a “b” rating in a research report on Monday, June 12th. HC Wainwright reiterated a “buy” rating and issued a $8.00 price objective on shares of Hecla Mining in a research report on Sunday, June 25th. Royal Bank Of Canada reiterated a “hold” rating and issued a $6.00 price objective on shares of Hecla Mining in a research report on Tuesday, May 30th. Zacks Investment Research lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Finally, BidaskClub lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, June 16th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.81.

Shares of Hecla Mining (NYSE:HL) traded down 1.77% during mid-day trading on Friday, reaching $5.00. 4,833,247 shares of the company were exchanged. Hecla Mining has a 12 month low of $4.61 and a 12 month high of $7.64. The stock has a 50 day moving average price of $5.22 and a 200-day moving average price of $5.59. The stock has a market capitalization of $1.98 billion, a P/E ratio of 20.24 and a beta of 0.44.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by $0.05. Hecla Mining had a net margin of 14.75% and a return on equity of 5.45%. The firm had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. During the same quarter last year, the business earned $0.06 earnings per share. The business’s quarterly revenue was down 21.6% on a year-over-year basis. Analysts predict that Hecla Mining will post $0.14 earnings per share for the current year.

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Large investors have recently modified their holdings of the company. BlackRock Inc. increased its stake in shares of Hecla Mining by 25,993.9% in the first quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after buying an additional 24,960,628 shares during the last quarter. Van ECK Associates Corp increased its stake in shares of Hecla Mining by 17.4% in the first quarter. Van ECK Associates Corp now owns 27,690,113 shares of the basic materials company’s stock valued at $146,481,000 after buying an additional 4,112,479 shares during the last quarter. Bank of New York Mellon Corp increased its stake in shares of Hecla Mining by 133.7% in the second quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock valued at $21,623,000 after buying an additional 2,425,493 shares during the last quarter. State Street Corp increased its stake in shares of Hecla Mining by 17.2% in the first quarter. State Street Corp now owns 15,508,845 shares of the basic materials company’s stock valued at $82,046,000 after buying an additional 2,275,928 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Hecla Mining during the fourth quarter valued at approximately $10,156,000. Institutional investors own 57.45% of the company’s stock.

About Hecla Mining

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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Analyst Recommendations for Hecla Mining (NYSE:HL)

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