Hecla Mining Company (NYSE:HL)‘s stock had its “hold” rating restated by analysts at Canaccord Genuity in a note issued to investors on Friday. They presently have a $5.25 target price on the basic materials company’s stock. Canaccord Genuity’s price target would indicate a potential downside of 1.13% from the stock’s current price.

A number of other research firms have also issued reports on HL. ValuEngine raised Hecla Mining from a “sell” rating to a “hold” rating in a research note on Friday, September 1st. HC Wainwright reaffirmed a “buy” rating and issued a $8.00 target price on shares of Hecla Mining in a research note on Sunday, June 25th. TheStreet raised Hecla Mining from a “c+” rating to a “b” rating in a research note on Monday, June 12th. Zacks Investment Research lowered Hecla Mining from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $6.00 target price on shares of Hecla Mining in a research note on Wednesday, September 20th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $6.52.

Hecla Mining (NYSE HL) opened at 5.31 on Friday. The stock has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.32. The stock has a market cap of $2.12 billion, a P/E ratio of 43.17 and a beta of 0.32. Hecla Mining has a 52-week low of $4.61 and a 52-week high of $7.64.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, August 3rd. The basic materials company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.05). Hecla Mining had a net margin of 7.88% and a return on equity of 2.56%. The company had revenue of $134.30 million during the quarter, compared to analysts’ expectations of $130.54 million. During the same period in the previous year, the company posted $0.06 EPS. Hecla Mining’s quarterly revenue was down 21.6% compared to the same quarter last year. On average, equities research analysts forecast that Hecla Mining will post $0.06 EPS for the current year.

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Institutional investors and hedge funds have recently modified their holdings of the business. Old Mutual Global Investors UK Ltd. raised its holdings in Hecla Mining by 73.8% in the 2nd quarter. Old Mutual Global Investors UK Ltd. now owns 1,504,211 shares of the basic materials company’s stock valued at $7,671,000 after acquiring an additional 638,721 shares during the last quarter. BlackRock Inc. raised its holdings in Hecla Mining by 25,993.9% in the 1st quarter. BlackRock Inc. now owns 25,056,653 shares of the basic materials company’s stock valued at $132,549,000 after acquiring an additional 24,960,628 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Hecla Mining by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock valued at $21,623,000 after acquiring an additional 2,425,493 shares during the last quarter. Vanguard Group Inc. raised its holdings in Hecla Mining by 4.8% in the 1st quarter. Vanguard Group Inc. now owns 31,844,025 shares of the basic materials company’s stock valued at $168,455,000 after acquiring an additional 1,458,387 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Hecla Mining by 2,590.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,073,878 shares of the basic materials company’s stock valued at $5,477,000 after acquiring an additional 1,033,961 shares during the last quarter. Institutional investors own 59.35% of the company’s stock.

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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