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

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 issued reports about the company. Cantor Fitzgerald started coverage on Hecla Mining in a research report on Monday, December 4th. They set a buy rating and a $5.00 target price for the company. B. Riley raised Hecla Mining from a neutral rating to a buy rating and set a $5.00 target price for the company in a research report on Thursday, November 30th. HC Wainwright reaffirmed a buy rating and set a $8.50 target price on shares of Hecla Mining in a research report on Friday, November 3rd. Canaccord Genuity raised Hecla Mining from a hold rating to a buy rating and set a $5.25 target price for the company in a research report on Tuesday, November 14th. Finally, BMO Capital Markets reaffirmed a hold rating on shares of Hecla Mining in a research report on Wednesday, November 8th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $5.54.

Shares of Hecla Mining (HL) traded down $0.08 during trading hours on Friday, reaching $4.41. The company’s stock had a trading volume of 5,519,800 shares, compared to its average volume of 5,019,600. The company has a current ratio of 2.69, a quick ratio of 2.15 and a debt-to-equity ratio of 0.34. Hecla Mining has a fifty-two week low of $3.43 and a fifty-two week high of $6.78. The company has a market cap of $1,760.00, a PE ratio of 73.50, a PEG ratio of 28.45 and a beta of 0.20.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, beating the consensus estimate of $0.02 by $0.02. Hecla Mining had a return on equity of 1.89% and a net margin of 4.21%. The business had revenue of $140.80 million for the quarter, compared to analysts’ expectations of $151.32 million. During the same period last year, the business earned $0.07 EPS. The business’s revenue was down 21.5% on a year-over-year basis. equities research analysts forecast 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 the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was bought at an average price of $3.76 per share, with a total value of $48,880.00. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Theodore Crumley acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was purchased at an average cost of $3.49 per share, with a total value of $34,900.00. Following the acquisition, the director now owns 126,536 shares in the company, valued at approximately $441,610.64. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in HL. Bank of New York Mellon Corp increased its holdings in Hecla Mining by 133.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 4,239,775 shares of the basic materials company’s stock worth $21,623,000 after acquiring an additional 2,425,493 shares during the last quarter. Legal & General Group Plc increased its holdings in Hecla Mining by 15.7% in the 2nd quarter. Legal & General Group Plc now owns 147,355 shares of the basic materials company’s stock worth $751,000 after acquiring an additional 20,001 shares during the last quarter. Prudential Financial Inc. increased its holdings in Hecla Mining by 1,745.2% in the 2nd quarter. Prudential Financial Inc. now owns 771,532 shares of the basic materials company’s stock worth $3,935,000 after acquiring an additional 729,720 shares during the last quarter. Principal Financial Group Inc. increased its holdings in Hecla Mining by 11.0% in the 2nd quarter. Principal Financial Group Inc. now owns 231,097 shares of the basic materials company’s stock worth $1,179,000 after acquiring an additional 22,815 shares during the last quarter. Finally, Pacad Investment Ltd. increased its holdings in Hecla Mining by 10.4% in the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock worth $140,000 after acquiring an additional 2,600 shares during the last quarter. 60.28% of the stock is owned by institutional investors.

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Hecla Mining Company Profile

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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