Hecla Mining (HL) Given a $6.00 Price Target at HC Wainwright
Hecla Mining (NYSE:HL) has been given a $6.00 price objective by research analysts at HC Wainwright in a research report issued on Monday, TipRanks reports. The firm currently has a “buy” rating on the basic materials company’s stock. HC Wainwright’s price objective suggests a potential upside of 188.46% from the stock’s current price.
HL has been the subject of several other reports. Canaccord Genuity downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Royal Bank of Canada downgraded Hecla Mining from a “sector perform” rating to an “underperform” rating and dropped their target price for the company from $46.00 to $2.45 in a research report on Thursday, January 17th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 9th. B. Riley restated a “neutral” rating and set a $3.00 price objective (down from $3.50) on shares of Hecla Mining in a research report on Friday, March 1st. Finally, ValuEngine downgraded Hecla Mining from a “buy” rating to a “hold” rating in a research report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Hecla Mining currently has an average rating of “Hold” and a consensus target price of $4.03.
NYSE:HL traded down $0.07 during trading hours on Monday, hitting $2.08. The company’s stock had a trading volume of 191,770 shares, compared to its average volume of 4,562,977. The company has a quick ratio of 0.56, a current ratio of 1.21 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $1.05 billion, a PE ratio of -18.91 and a beta of 0.39. Hecla Mining has a twelve month low of $2.13 and a twelve month high of $4.15.
Institutional investors and hedge funds have recently modified their holdings of the company. Wedbush Securities Inc. bought a new stake in Hecla Mining in the first quarter worth approximately $25,000. Brookstone Capital Management bought a new stake in Hecla Mining in the fourth quarter worth approximately $27,000. Strategic Family Wealth Counselors L.L.C. bought a new stake in Hecla Mining in the fourth quarter worth approximately $34,000. Timber Hill LLC bought a new stake in Hecla Mining in the fourth quarter worth approximately $35,000. Finally, Heritage Investors Management Corp bought a new stake in Hecla Mining in the first quarter worth approximately $43,000. Institutional investors own 60.94% of the company’s stock.
About Hecla Mining
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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