Hecla Mining (NYSE:HL) PT Raised to $6.00 at Roth Mkm

Hecla Mining (NYSE:HL) had its price target upped by investment analysts at Roth Mkm from $4.60 to $6.00 in a report issued on Tuesday, Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s price target would indicate a potential upside of 9.09% from the company’s previous close.

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

Hecla Mining Stock Down 1.6 %

Shares of NYSE HL opened at $5.50 on Tuesday. The stock has a market cap of $3.39 billion, a PE ratio of -36.66 and a beta of 2.20. The business has a fifty day moving average of $4.15 and a two-hundred day moving average of $4.27. Hecla Mining has a 52-week low of $3.33 and a 52-week high of $7.00. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65.

Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 11.69% and a negative return on equity of 0.27%. The business had revenue of $160.69 million during the quarter, compared to analyst estimates of $151.51 million. During the same quarter last year, the business posted $0.02 earnings per share. The business’s quarterly revenue was down 17.5% compared to the same quarter last year. As a group, equities research analysts expect that Hecla Mining will post 0.01 earnings per share for the current fiscal year.

Institutional Trading of Hecla Mining

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Hecla Mining by 0.6% during the fourth quarter. Vanguard Group Inc. now owns 57,913,541 shares of the basic materials company’s stock worth $278,564,000 after buying an additional 345,694 shares during the last quarter. Wellington Management Group LLP boosted its holdings in Hecla Mining by 6.2% during the fourth quarter. Wellington Management Group LLP now owns 1,762,303 shares of the basic materials company’s stock worth $8,477,000 after buying an additional 103,136 shares during the last quarter. Creekmur Asset Management LLC bought a new position in Hecla Mining during the fourth quarter worth about $161,000. Virtu Financial LLC bought a new position in Hecla Mining during the fourth quarter worth about $628,000. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Hecla Mining by 4.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 427,396 shares of the basic materials company’s stock worth $2,056,000 after buying an additional 19,751 shares during the last quarter. 63.01% of the stock is currently owned by institutional investors and hedge funds.

About Hecla Mining

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.