HC Wainwright set a $9.00 price objective on Hecla Mining (NYSE:HL) in a research note released on Thursday. The firm currently has a buy rating on the basic materials company’s stock.

A number of other analysts have also commented on the stock. Canaccord Genuity upgraded shares of Hecla Mining from a hold rating to a buy rating and set a $5.25 price target for the company in a research note on Tuesday, November 14th. Zacks Investment Research upgraded shares of Hecla Mining from a hold rating to a strong-buy rating and set a $4.50 target price for the company in a research note on Wednesday, January 3rd. BMO Capital Markets started coverage on shares of Hecla Mining in a research note on Friday, November 17th. They issued a market perform rating and a $4.75 target price for the company. B. Riley upgraded shares of Hecla Mining from a neutral rating to a buy rating and set a $5.00 target price for the company in a research note on Thursday, November 30th. Finally, ValuEngine lowered shares of Hecla Mining from a hold rating to a sell rating in a research note on Thursday, November 9th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Hecla Mining presently has an average rating of Hold and a consensus target price of $5.61.

Shares of Hecla Mining (NYSE:HL) opened at $3.49 on Thursday. The company has a market cap of $1,392.58, a price-to-earnings ratio of 49.86, a price-to-earnings-growth ratio of 22.89 and a beta of 0.25. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. Hecla Mining has a one year low of $3.38 and a one year high of $6.72.

In related news, CEO Phillips S. Baker, Jr. purchased 13,000 shares of the business’s stock in a transaction that occurred 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 acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Theodore Crumley purchased 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was bought at an average cost of $3.49 per share, for a total transaction of $34,900.00. Following the completion of the acquisition, the director now directly owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. Corporate insiders own 1.50% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Ameritas Investment Partners Inc. boosted its holdings in shares of Hecla Mining by 5.0% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 34,608 shares of the basic materials company’s stock worth $177,000 after buying an additional 1,643 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Hecla Mining by 3.0% in the 2nd quarter. PNC Financial Services Group Inc. now owns 65,978 shares of the basic materials company’s stock worth $335,000 after buying an additional 1,934 shares during the last quarter. Amalgamated Bank boosted its holdings in shares of Hecla Mining by 4.2% in the 2nd quarter. Amalgamated Bank now owns 49,967 shares of the basic materials company’s stock worth $255,000 after buying an additional 1,995 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Hecla Mining by 2.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 97,242 shares of the basic materials company’s stock worth $496,000 after buying an additional 2,784 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in shares of Hecla Mining by 15.6% in the 2nd quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock worth $119,000 after buying an additional 3,143 shares during the last quarter. 60.29% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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