Hecla Mining (NYSE:HL) Lifted to Sell at StockNews.com

by · The Cerbat Gem

StockNews.com upgraded shares of Hecla Mining (NYSE:HL – Free Report) to a sell rating in a research report sent to investors on Wednesday morning.

HL has been the topic of several other research reports. Roth Mkm boosted their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the stock a buy rating in a report on Tuesday, April 9th. National Bank Financial reaffirmed an outperform market weight rating on shares of Hecla Mining in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Moderate Buy and a consensus target price of $6.68.

Get Our Latest Stock Analysis on Hecla Mining

Hecla Mining Price Performance

HL stock opened at $5.42 on Wednesday. Hecla Mining has a one year low of $3.33 and a one year high of $7.00. The company’s fifty day moving average price is $4.21 and its 200-day moving average price is $4.30. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.06 and a current ratio of 1.65. The company has a market capitalization of $3.34 billion, a PE ratio of -36.13 and a beta of 2.20.

Hecla Mining (NYSE:HL – Get Free Report) last released its earnings results on Thursday, February 15th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative return on equity of 0.27% and a negative net margin of 11.69%. The company had revenue of $160.69 million during the quarter, compared to analysts’ expectations of $151.51 million. During the same period last year, the firm posted $0.02 EPS. Hecla Mining’s quarterly revenue was down 17.5% compared to the same quarter last year. On average, equities analysts anticipate that Hecla Mining will post 0.02 EPS for the current fiscal year.

Hecla Mining Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 25th. Shareholders of record on Tuesday, March 12th were given a dividend of $0.006 per share. This represents a $0.02 dividend on an annualized basis and a yield of 0.44%. The ex-dividend date was Monday, March 11th. Hecla Mining’s dividend payout ratio (DPR) is -20.00%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. FNY Investment Advisers LLC bought a new position in Hecla Mining during the third quarter valued at $31,000. US Bancorp DE increased its position in Hecla Mining by 107.9% during the fourth quarter. US Bancorp DE now owns 7,637 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 3,963 shares during the last quarter. Captrust Financial Advisors increased its position in Hecla Mining by 104.3% during the second quarter. Captrust Financial Advisors now owns 9,659 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 4,932 shares during the last quarter. Verition Fund Management LLC bought a new position in Hecla Mining during the second quarter valued at $40,000. Finally, Nomura Holdings Inc. bought a new position in Hecla Mining during the second quarter valued at $45,000. Institutional investors own 63.01% of the company’s stock.

Hecla Mining Company Profile

(Get Free Report)

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.

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