Hecla Mining (NYSE:HL) Price Target Lowered to $6.50 at Roth Mkm

Hecla Mining (NYSE:HL) had its price target dropped by Roth Mkm from $6.60 to $6.50 in a report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Roth Mkm’s target price would indicate a potential upside of 20.93% from the company’s previous close.

Other 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 note on Monday. National Bank Financial cut Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. HC Wainwright reissued a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. Finally, TD Securities lowered their price target on 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 equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $8.38.

Hecla Mining Price Performance

Shares of NYSE:HL opened at $5.38 on Tuesday. The company’s fifty day moving average is $5.42 and its two-hundred day moving average is $5.86. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. Hecla Mining has a 12-month low of $3.40 and a 12-month high of $7.68. The company has a market cap of $3.40 billion, a P/E ratio of 107.52 and a beta of 1.91.

Hecla Mining (NYSE:HL) last announced its 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). Hecla Mining had a net margin of 3.85% and a return on equity of 3.10%. The firm had revenue of $249.66 million for the quarter, compared to analyst estimates of $229.21 million. Equities analysts expect that Hecla Mining will post 0.2 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hecla Mining

A number of large investors have recently added to or reduced their stakes in HL. Tidal Investments LLC boosted its position in Hecla Mining by 100.5% during the fourth quarter. Tidal Investments LLC now owns 15,885,647 shares of the basic materials company’s stock worth $77,999,000 after purchasing an additional 7,960,826 shares during the period. Wealthfront Advisers LLC acquired a new position in shares of Hecla Mining during the fourth quarter worth approximately $18,441,000. Marshall Wace LLP lifted its holdings in shares of Hecla Mining by 182.4% during the fourth quarter. Marshall Wace LLP now owns 5,006,115 shares of the basic materials company’s stock worth $24,580,000 after buying an additional 3,233,116 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Hecla Mining by 4.3% during the third quarter. Van ECK Associates Corp now owns 54,680,051 shares of the basic materials company’s stock worth $391,510,000 after buying an additional 2,238,559 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of Hecla Mining during the third quarter worth approximately $14,623,000. 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.