Hecla Mining (NYSE:HL) has been assigned a $7.00 price target by equities research analysts at HC Wainwright in a report issued on Friday. The firm presently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s target price indicates a potential upside of 125.08% from the company’s previous close.

Several other equities analysts have also recently commented on the company. BMO Capital Markets set a $4.00 target price on Hecla Mining and gave the stock a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research report on Tuesday. JPMorgan Chase & Co. restated an “overweight” rating and set a $6.00 target price on shares of Hecla Mining in a research report on Tuesday, July 24th. Canaccord Genuity cut Hecla Mining from a “buy” rating to a “hold” rating and set a $3.75 target price for the company. in a research report on Friday, July 13th. Finally, ValuEngine cut Hecla Mining from a “hold” rating to a “sell” rating in a research report on Monday, July 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.03.

Shares of NYSE HL opened at $3.11 on Friday. The firm has a market capitalization of $1.17 billion, a PE ratio of 31.10, a P/E/G ratio of 54.75 and a beta of 0.15. Hecla Mining has a fifty-two week low of $2.85 and a fifty-two week high of $5.54. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.16 and a quick ratio of 2.62.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, August 9th. The basic materials company reported $0.01 earnings per share for the quarter. The company had revenue of $147.30 million during the quarter, compared to analysts’ expectations of $143.33 million. Hecla Mining had a positive return on equity of 1.66% and a negative net margin of 7.32%. The firm’s quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.04) earnings per share. equities research analysts predict that Hecla Mining will post 0.05 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of HL. Ceredex Value Advisors LLC purchased a new position in shares of Hecla Mining in the 1st quarter worth about $29,057,000. BlackRock Inc. boosted its holdings in shares of Hecla Mining by 8.3% in the 2nd quarter. BlackRock Inc. now owns 27,987,889 shares of the basic materials company’s stock worth $97,399,000 after purchasing an additional 2,146,765 shares in the last quarter. Old Mutual Global Investors UK Ltd. boosted its holdings in shares of Hecla Mining by 40.5% in the 1st quarter. Old Mutual Global Investors UK Ltd. now owns 3,349,211 shares of the basic materials company’s stock worth $12,291,000 after purchasing an additional 965,000 shares in the last quarter. Van ECK Associates Corp boosted its holdings in shares of Hecla Mining by 2.4% in the 1st quarter. Van ECK Associates Corp now owns 41,746,917 shares of the basic materials company’s stock worth $153,211,000 after purchasing an additional 960,494 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new position in shares of Hecla Mining in the 1st quarter worth about $2,655,000. Hedge funds and other institutional investors own 60.65% of the company’s stock.

About Hecla Mining

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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