Hecla Mining (HL) Downgraded to “Sell” at ValuEngine
ValuEngine lowered shares of Hecla Mining (NYSE:HL) from a hold rating to a sell rating in a research report released on Sunday morning.
HL has been the topic of a number of other research reports. HC Wainwright reiterated a buy rating and issued a $8.50 price objective on shares of Hecla Mining in a report on Friday, October 13th. Cantor Fitzgerald started coverage on Hecla Mining in a report on Monday, December 4th. They issued a buy rating and a $5.00 price objective on the stock. Royal Bank of Canada set a $6.00 price target on Hecla Mining and gave the stock a hold rating in a research note on Wednesday, October 18th. BMO Capital Markets started coverage on Hecla Mining in a research note on Friday, November 17th. They set a market perform rating and a $4.75 price target on the stock. Finally, Canaccord Genuity restated a hold rating and set a $5.25 price target on shares of Hecla Mining in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Hecla Mining currently has an average rating of Hold and an average target price of $5.75.
Hecla Mining (HL) opened at $3.97 on Friday. Hecla Mining has a 1-year low of $3.43 and a 1-year high of $6.78. The company has a market capitalization of $1,610.00, a PE ratio of 66.17, a PEG ratio of 79.40 and a beta of 0.21. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.69 and a quick ratio of 2.15.
Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 EPS for the quarter, beating analysts’ consensus estimates of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The business had revenue of $140.80 million for the quarter, compared to the consensus estimate of $151.32 million. During the same quarter in the prior year, the business posted $0.07 EPS. The business’s revenue for the quarter was down 21.5% on a year-over-year basis. sell-side analysts forecast that Hecla Mining will post 0.05 earnings per share for the current year.
In related news, Director Theodore Crumley acquired 10,000 shares of the firm’s stock in a transaction on Thursday, December 7th. The stock was bought at an average cost of $3.49 per share, with a total value of $34,900.00. Following the transaction, the director now owns 126,536 shares of the company’s stock, valued at $441,610.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Phillips S. Baker, Jr. acquired 13,000 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were bought at an average cost of $3.76 per share, with a total value of $48,880.00. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Virtu Financial LLC lifted its holdings in shares of Hecla Mining by 550.7% in the 3rd quarter. Virtu Financial LLC now owns 182,184 shares of the basic materials company’s stock valued at $186,000 after buying an additional 154,185 shares during the period. Engineers Gate Manager LP purchased a new position in Hecla Mining in the 3rd quarter valued at approximately $827,000. Commerzbank Aktiengesellschaft FI increased its stake in Hecla Mining by 3.2% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 472,765 shares of the basic materials company’s stock valued at $2,373,000 after purchasing an additional 14,566 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hecla Mining by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock valued at $168,350,000 after purchasing an additional 198,411 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Hecla Mining by 7.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,169,981 shares of the basic materials company’s stock valued at $10,894,000 after purchasing an additional 158,683 shares in the last quarter. 60.28% of the stock is owned by institutional investors.
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Hecla Mining Company Profile
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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