Trading Report: Today, Hecla Mining Co. (HL) Lowered by Vetr Inc. to Buy

Today, Hecla Mining Co. (HL) Lowered by Vetr Inc. to Buy

Hecla Mining Co. (NYSE:HL) was downgraded by stock analysts at Vetr from a “strong-buy” rating to a “buy” rating in a report issued on Tuesday. They presently have a $6.84 target price on the stock. Vetr‘s price target would indicate a potential upside of 15.74% from the company’s previous close.

Several other equities research analysts also recently commented on the stock. BMO Capital Markets downgraded shares of Hecla Mining from a “market perform” rating to an “underperform” rating and set a $6.50 target price for the company. in a research note on Thursday, November 10th. They noted that the move was a valuation call. Canaccord Genuity began coverage on shares of Hecla Mining in a research note on Tuesday, October 25th. They issued a “hold” rating and a $6.00 target price for the company. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.75 target price for the company in a research note on Tuesday, October 11th. Rodman & Renshaw began coverage on shares of Hecla Mining in a research note on Tuesday, September 6th. They issued a “buy” rating and a $9.00 target price for the company. Finally, Deutsche Bank AG upped their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the company a “hold” rating in a research note on Tuesday, August 9th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and three have issued a buy rating to the stock. Hecla Mining has a consensus rating of “Hold” and a consensus target price of $6.04.

Shares of Hecla Mining (NYSE:HL) traded down 5.59% during midday trading on Tuesday, hitting $5.91. 18,218,075 shares of the company’s stock were exchanged. The company has a 50-day moving average of $5.95 and a 200-day moving average of $5.59. The firm’s market cap is $2.34 billion. Hecla Mining has a 52 week low of $1.45 and a 52 week high of $7.64.

Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Tuesday, November 8th. The company reported $0.07 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.01. Hecla Mining had a negative net margin of 2.29% and a positive return on equity of 4.88%. The business had revenue of $179.40 million for the quarter, compared to analyst estimates of $163.48 million. During the same period in the prior year, the business posted ($0.05) earnings per share. Hecla Mining’s revenue was up 70.9% compared to the same quarter last year. Equities research analysts expect that Hecla Mining will post $0.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 2nd. Investors of record on Monday, November 21st will be given a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%. The ex-dividend date of this dividend is Thursday, November 17th. Hecla Mining’s dividend payout ratio (DPR) is currently -24.99%.

In related news, VP David C. Sienko sold 13,722 shares of the firm’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $5.85, for a total value of $80,273.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its stake in shares of Hecla Mining by 88.8% in the second quarter. Raymond James & Associates now owns 20,780 shares of the company’s stock worth $106,000 after buying an additional 9,776 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Hecla Mining by 7.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 18,995 shares of the company’s stock worth $108,000 after buying an additional 1,365 shares in the last quarter. Investors Capital Advisory Services boosted its stake in shares of Hecla Mining by 0.3% in the second quarter. Investors Capital Advisory Services now owns 22,489 shares of the company’s stock worth $114,000 after buying an additional 57 shares in the last quarter. Washington Trust Bank boosted its stake in shares of Hecla Mining by 4.3% in the second quarter. Washington Trust Bank now owns 23,467 shares of the company’s stock worth $120,000 after buying an additional 967 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in shares of Hecla Mining by 0.6% in the second quarter. Public Employees Retirement System of Ohio now owns 23,781 shares of the company’s stock worth $121,000 after buying an additional 143 shares in the last quarter. 60.08% of the stock is owned by institutional investors and hedge funds.

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. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.

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