Zacks Investment Research cut shares of Hecla Mining (NYSE:HL) from a strong-buy rating to a hold rating in a research note published on Friday.

According to Zacks, “Hecla Mining Company is a leading low-cost U.S. silver producer with operating mines in Alaska and Idaho, and is a growing gold producer with an operating mine in Quebec, Canada. The Company also has exploration and pre-development properties in five world-class silver and gold mining districts in the U.S., Canada, and Mexico, and an exploration office and investments in early-stage silver exploration projects in Canada. “

Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity reaffirmed a buy rating and issued a $5.00 price target on shares of Hecla Mining in a research report on Monday, January 8th. ValuEngine cut shares of Hecla Mining from a hold rating to a sell rating in a research report on Sunday, December 31st. Cantor Fitzgerald initiated coverage on shares of Hecla Mining in a research report on Monday, December 4th. They issued a buy rating and a $5.00 price target for the company. B. Riley raised shares of Hecla Mining from a neutral rating to a buy rating and set a $5.00 price target for the company in a research report on Thursday, November 30th. Finally, BMO Capital Markets initiated coverage on shares of Hecla Mining in a research report on Friday, November 17th. They issued a market perform rating and a $4.75 price target for the company. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $5.54.

Hecla Mining (HL) traded down $0.08 during trading on Friday, reaching $4.41. 5,519,813 shares of the company’s stock traded hands, compared to its average volume of 4,175,891. The stock has a market cap of $1,791.59, a PE ratio of 73.50, a price-to-earnings-growth ratio of 28.97 and a beta of 0.20. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. Hecla Mining has a 12 month low of $3.43 and a 12 month high of $6.78.

Hecla Mining (NYSE:HL) last released its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. The company had revenue of $140.80 million during the quarter, compared to analysts’ expectations of $151.32 million. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm’s quarterly revenue was down 21.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.07 EPS. research analysts predict that Hecla Mining will post 0.05 earnings per share for the current year.

In other news, CEO Phillips S. Baker, Jr. acquired 13,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $3.76 per share, for a total transaction of $48,880.00. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Theodore Crumley acquired 10,000 shares of Hecla Mining stock in a transaction that occurred on Thursday, December 7th. The shares were purchased at an average price of $3.49 per share, with a total value of $34,900.00. Following the purchase, the director now owns 126,536 shares in the company, valued at $441,610.64. The disclosure for this purchase can be found here. Insiders own 1.50% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Virtu Financial LLC increased its stake in Hecla Mining by 550.7% during the 3rd quarter. Virtu Financial LLC now owns 182,184 shares of the basic materials company’s stock valued at $186,000 after purchasing an additional 154,185 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Hecla Mining during the 3rd quarter valued at approximately $827,000. Commerzbank Aktiengesellschaft FI increased its stake in Hecla Mining by 3.2% during the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 472,765 shares of the basic materials company’s stock valued at $2,373,000 after purchasing an additional 14,566 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Hecla Mining by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 33,535,987 shares of the basic materials company’s stock valued at $168,350,000 after purchasing an additional 198,411 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. increased its stake in Hecla Mining by 7.9% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,169,981 shares of the basic materials company’s stock valued at $10,894,000 after purchasing an additional 158,683 shares in the last quarter. Hedge funds and other institutional investors own 60.28% of the company’s stock.

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About Hecla Mining

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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