Hecla Mining (HL) PT Set at $2.00 by BMO Capital Markets
Hecla Mining (NYSE:HL) has been given a $2.00 price objective by equities researchers at BMO Capital Markets in a research note issued on Monday, TipRanks reports. The firm presently has a “hold” rating on the basic materials company’s stock. BMO Capital Markets’ price objective suggests a potential downside of 4.31% from the stock’s previous close.
HL has been the topic of several other reports. Canaccord Genuity cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, January 15th. Royal Bank of Canada cut Hecla Mining from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from $46.00 to $2.45 in a report on Thursday, January 17th. Zacks Investment Research upgraded Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, January 9th. B. Riley restated a “neutral” rating and set a $3.00 target price (down from $3.50) on shares of Hecla Mining in a report on Friday, March 1st. Finally, ValuEngine cut Hecla Mining from a “buy” rating to a “hold” rating in a report on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Hecla Mining currently has a consensus rating of “Hold” and an average target price of $4.03.
HL stock opened at $2.09 on Monday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.56 and a current ratio of 1.21. Hecla Mining has a 12-month low of $2.03 and a 12-month high of $4.15. The stock has a market capitalization of $1.00 billion, a P/E ratio of -19.00 and a beta of 0.39.
Several institutional investors have recently modified their holdings of HL. Wedbush Securities Inc. purchased a new stake in shares of Hecla Mining during the 1st quarter valued at approximately $25,000. Brookstone Capital Management purchased a new stake in shares of Hecla Mining during the 4th quarter valued at approximately $27,000. Strategic Family Wealth Counselors L.L.C. purchased a new stake in shares of Hecla Mining during the 4th quarter valued at approximately $34,000. Timber Hill LLC purchased a new stake in shares of Hecla Mining during the 4th quarter valued at approximately $35,000. Finally, Heritage Investors Management Corp purchased a new stake in shares of Hecla Mining during the 1st quarter valued at approximately $43,000. Institutional investors and hedge funds own 60.94% of the company’s stock.
Hecla Mining Company Profile
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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