Roth Mkm Has Lowered Expectations for Hecla Mining (NYSE:HL) Stock Price

Hecla Mining (NYSE:HL) had its target price decreased by investment analysts at Roth Mkm from $6.60 to $6.50 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 target price points to a potential upside of 17.01% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. StockNews.com raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday. HC Wainwright reiterated a “buy” rating and issued a $11.50 target price on shares of Hecla Mining in a report on Friday. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. Finally, TD Securities decreased their price objective on shares of Hecla Mining from $8.50 to $8.00 and set a “buy” rating for the company in a research note on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.38.

Hecla Mining Trading Up 2.1 %

Shares of Hecla Mining stock traded up $0.12 on Tuesday, hitting $5.56. 18,799,201 shares of the company’s stock traded hands, compared to its average volume of 17,148,965. The company has a fifty day moving average of $5.43 and a two-hundred day moving average of $5.86. Hecla Mining has a one year low of $3.40 and a one year high of $7.68. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -138.88 and a beta of 1.91. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.09 and a quick ratio of 0.54.

Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, February 13th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.01). The firm had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Hecla Mining had a positive return on equity of 0.75% and a negative net margin of 2.27%. As a group, sell-side analysts expect that Hecla Mining will post 0.06 earnings per share for the current year.

Institutional Trading of Hecla Mining

A number of large investors have recently added to or reduced their stakes in HL. CWM LLC boosted its stake in Hecla Mining by 29.8% in the third quarter. CWM LLC now owns 22,471 shares of the basic materials company’s stock valued at $150,000 after acquiring an additional 5,159 shares during the last quarter. Creative Planning lifted its stake in Hecla Mining by 10.0% in the third quarter. Creative Planning now owns 114,721 shares of the basic materials company’s stock valued at $765,000 after purchasing an additional 10,404 shares during the last quarter. GFG Capital LLC purchased a new position in Hecla Mining in the third quarter valued at approximately $67,000. Eastern Bank bought a new position in Hecla Mining during the third quarter valued at $293,000. Finally, Ballentine Partners LLC increased its position in Hecla Mining by 37.6% in the third quarter. Ballentine Partners LLC now owns 15,435 shares of the basic materials company’s stock worth $103,000 after buying an additional 4,215 shares during the last quarter. Hedge funds and other institutional investors own 63.01% of the company’s stock.

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.