Hecla Mining (NYSE:HL) Price Target Increased to $6.00 by Analysts at Roth Mkm

Hecla Mining (NYSE:HL) had its price objective hoisted by Roth Mkm from $4.60 to $6.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price objective suggests a potential upside of 4.53% from the company’s current price.

Separately, National Bank Financial reaffirmed an “outperform market weight” rating on shares of Hecla Mining in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $6.68.

Hecla Mining Price Performance

Shares of NYSE:HL traded up $0.30 during trading on Tuesday, reaching $5.74. The company had a trading volume of 3,200,728 shares, compared to its average volume of 6,910,260. The company has a fifty day moving average of $4.08 and a two-hundred day moving average of $4.25. The stock has a market capitalization of $3.54 billion, a P/E ratio of -38.20 and a beta of 2.20. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.00. The company has a current ratio of 1.65, a quick ratio of 1.06 and a debt-to-equity ratio of 0.33.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). The company had revenue of $160.69 million during the quarter, compared to the consensus estimate of $151.51 million. Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. Hecla Mining’s quarterly revenue was down 17.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.02 EPS. Equities research analysts forecast that Hecla Mining will post 0.01 earnings per share for the current year.

Institutional Investors Weigh In On Hecla Mining

Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Hecla Mining by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock worth $225,090,000 after purchasing an additional 487,299 shares during the period. Jump Financial LLC increased its stake in Hecla Mining by 53.8% during the 3rd quarter. Jump Financial LLC now owns 566,574 shares of the basic materials company’s stock valued at $2,215,000 after purchasing an additional 198,254 shares in the last quarter. Northern Trust Corp increased its stake in Hecla Mining by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,928,871 shares of the basic materials company’s stock valued at $23,182,000 after purchasing an additional 69,308 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Hecla Mining by 225.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 418,270 shares of the basic materials company’s stock valued at $1,635,000 after purchasing an additional 289,703 shares in the last quarter. Finally, TIAA Trust National Association bought a new stake in Hecla Mining during the 4th quarter valued at about $156,000. Hedge funds and other institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

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.