Hecla Mining (NYSE:HL) Price Target Cut to $7.00 by Analysts at National Bankshares

Hecla Mining (NYSE:HL) had its price target reduced by stock analysts at National Bankshares from $7.25 to $7.00 in a note issued to investors on Tuesday, BayStreet.CA reports. The firm currently has an “outperform” rating on the basic materials company’s stock. National Bankshares’ price objective indicates a potential upside of 74.13% from the stock’s previous close.

HL has been the subject of a number of other reports. StockNews.com began coverage on Hecla Mining in a research note on Thursday, August 17th. They set a “sell” rating for the company. TheStreet lowered shares of Hecla Mining from a “c-” rating to a “d+” rating in a report on Tuesday, September 12th. B. Riley cut their price target on shares of Hecla Mining from $6.00 to $5.50 and set a “buy” rating on the stock in a report on Thursday, August 24th. BMO Capital Markets assumed coverage on shares of Hecla Mining in a report on Thursday, September 14th. They issued an “outperform” rating and a $5.50 price target on the stock. Finally, HC Wainwright decreased their price objective on shares of Hecla Mining from $9.25 to $9.00 and set a “buy” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Hecla Mining has an average rating of “Moderate Buy” and a consensus price target of $6.47.

Hecla Mining Trading Down 4.1 %

HL stock traded down $0.17 during midday trading on Tuesday, reaching $4.02. The company’s stock had a trading volume of 2,780,298 shares, compared to its average volume of 7,413,771. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.09 and a current ratio of 1.71. The stock has a fifty day simple moving average of $4.89 and a two-hundred day simple moving average of $5.39. Hecla Mining has a 1 year low of $3.41 and a 1 year high of $7.00. The firm has a market capitalization of $2.48 billion, a price-to-earnings ratio of -44.78 and a beta of 2.09.

Hecla Mining (NYSE:HL) last released its earnings results on Tuesday, August 8th. The basic materials company reported $0.03 earnings per share for the quarter. The business had revenue of $178.13 million for the quarter, compared to analyst estimates of $183.71 million. Hecla Mining had a positive return on equity of 1.23% and a negative net margin of 6.52%. During the same quarter last year, the firm posted $0.04 earnings per share. On average, equities research analysts predict that Hecla Mining will post 0.03 EPS for the current year.

Insider Transactions at Hecla Mining

In other news, Director George R. Johnson acquired 8,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 22nd. The stock was purchased at an average cost of $4.07 per share, for a total transaction of $34,595.00. Following the completion of the transaction, the director now owns 25,773 shares in the company, valued at $104,896.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.30% of the company’s stock.

Hedge Funds Weigh In On Hecla Mining

Several large investors have recently modified their holdings of HL. Van ECK Associates Corp grew its stake in shares of Hecla Mining by 10.3% in the first quarter. Van ECK Associates Corp now owns 60,912,197 shares of the basic materials company’s stock worth $385,574,000 after acquiring an additional 5,686,975 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Hecla Mining by 2.4% during the third quarter. Vanguard Group Inc. now owns 52,765,176 shares of the basic materials company’s stock worth $207,896,000 after purchasing an additional 1,225,682 shares in the last quarter. BlackRock Inc. boosted its stake in Hecla Mining by 4.7% during the 2nd quarter. BlackRock Inc. now owns 44,923,690 shares of the basic materials company’s stock worth $231,357,000 after purchasing an additional 2,036,173 shares during the period. Dimensional Fund Advisors LP boosted its stake in Hecla Mining by 3.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,992,930 shares of the basic materials company’s stock worth $180,213,000 after purchasing an additional 1,072,891 shares during the period. Finally, State Street Corp increased its holdings in shares of Hecla Mining by 23.3% in the first quarter. State Street Corp now owns 31,925,189 shares of the basic materials company’s stock valued at $209,748,000 after purchasing an additional 6,033,244 shares during the period. Institutional investors and hedge funds own 59.00% of the company’s stock.

Hecla Mining Company Profile

Hecla Mining Company, together with its subsidiaries, provides precious and base metal properties in the United States and internationally. The company mines for silver, gold, lead, and zinc concentrates, as well as carbon material containing silver and gold for sale to custom smelters, metal traders, and third-party processors; and doré containing silver and gold.