Hecla Mining (HL) Now Covered by Cantor Fitzgerald

Investment analysts at Cantor Fitzgerald began coverage on shares of Hecla Mining (NYSE:HL) in a note issued to investors on Monday. The brokerage set a “buy” rating and a $5.00 price target on the basic materials company’s stock. Cantor Fitzgerald’s target price points to a potential upside of 38.89% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. HC Wainwright reaffirmed a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research note on Tuesday, August 29th. Canaccord Genuity raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target on the stock in a research note on Tuesday, November 14th. BMO Capital Markets started coverage on Hecla Mining in a research note on Friday, November 17th. They set a “market perform” rating and a $4.75 price target on the stock. ValuEngine downgraded Hecla Mining from a “hold” rating to a “sell” rating in a research note on Thursday, November 9th. Finally, Royal Bank Of Canada set a $6.00 price objective on Hecla Mining and gave the stock a “hold” rating in a report on Wednesday, October 18th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $5.75.

Hecla Mining (NYSE:HL) opened at $3.60 on Monday. Hecla Mining has a 52 week low of $3.59 and a 52 week high of $6.78. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.15 and a current ratio of 2.69. The firm has a market capitalization of $1,468.39, a P/E ratio of 52.57, a P/E/G ratio of 68.15 and a beta of 0.20.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates 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 the consensus estimate of $151.32 million. During the same period in the prior year, the business earned $0.07 EPS. The firm’s revenue for the quarter was down 21.5% on a year-over-year basis. analysts anticipate that Hecla Mining will post 0.05 earnings per share for the current year.

In other Hecla Mining news, Director George R. Nethercutt, Jr. sold 62,500 shares of the business’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.50% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the business. Ameriprise Financial Inc. grew its holdings in shares of Hecla Mining by 15.6% in the second quarter. Ameriprise Financial Inc. now owns 23,302 shares of the basic materials company’s stock valued at $119,000 after acquiring an additional 3,143 shares in the last quarter. Trexquant Investment LP bought a new position in shares of Hecla Mining in the second quarter valued at approximately $124,000. Pacad Investment Ltd. grew its holdings in shares of Hecla Mining by 10.4% in the second quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after acquiring an additional 2,600 shares in the last quarter. Advisor Group Inc. grew its holdings in shares of Hecla Mining by 148.1% in the second quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after acquiring an additional 16,561 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its holdings in shares of Hecla Mining by 2.6% in the second quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after acquiring an additional 802 shares in the last quarter. 60.33% of the stock is owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Hecla Mining (NYSE:HL)

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