Hecla Mining (NYSE:HL) Stock Rating Reaffirmed by HC Wainwright

Hecla Mining (NYSE:HL)‘s stock had its “buy” rating restated by equities research analysts at HC Wainwright in a research report issued on Friday, Benzinga reports. They currently have a $10.25 target price on the basic materials company’s stock. HC Wainwright’s price objective indicates a potential upside of 72.70% from the stock’s current price.

HL has been the subject of a number of other research reports. StockNews.com upgraded shares of Hecla Mining to a “sell” rating in a research report on Thursday, May 9th. Roth Mkm raised their target price on shares of Hecla Mining from $4.60 to $6.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. CIBC boosted their price objective on Hecla Mining from $6.75 to $7.50 and gave the stock a “neutral” rating in a research note on Wednesday, May 22nd. National Bank Financial reiterated an “outperform market weight” rating on shares of Hecla Mining in a report on Monday, April 8th. Finally, Cantor Fitzgerald raised Hecla Mining to a “strong-buy” rating in a research report on Thursday, May 9th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Moderate Buy” and an average target price of $6.89.

Hecla Mining Price Performance

Shares of Hecla Mining stock opened at $5.94 on Friday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.00 and a current ratio of 1.67. The stock’s fifty day moving average is $5.38 and its 200 day moving average is $4.72. The stock has a market cap of $3.72 billion, a P/E ratio of -39.57 and a beta of 2.01. Hecla Mining has a one year low of $3.33 and a one year high of $6.29.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Wednesday, May 8th. The basic materials company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.03. The business had revenue of $189.53 million for the quarter, compared to the consensus estimate of $190.31 million. Hecla Mining had a negative net margin of 12.22% and a negative return on equity of 0.28%. Sell-side analysts anticipate that Hecla Mining will post 0.04 earnings per share for the current year.

Insider Buying and Selling

In other Hecla Mining news, CAO Michael L. Clary sold 30,634 shares of the company’s stock in a transaction on Tuesday, June 25th. The stock was sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now directly owns 351,972 shares in the company, valued at approximately $1,728,182.52. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CAO Michael L. Clary sold 30,634 shares of the business’s stock in a transaction dated Tuesday, June 25th. The shares were sold at an average price of $4.91, for a total value of $150,412.94. Following the completion of the sale, the chief accounting officer now owns 351,972 shares in the company, valued at approximately $1,728,182.52. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Russell Douglas Lawlar sold 11,679 shares of the company’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $4.91, for a total transaction of $57,343.89. Following the completion of the sale, the chief financial officer now directly owns 393,894 shares of the company’s stock, valued at approximately $1,934,019.54. The disclosure for this sale can be found here. Insiders have sold a total of 67,105 shares of company stock valued at $329,486 over the last quarter. 1.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HL. Vanguard Group Inc. grew its stake in Hecla Mining by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 57,567,847 shares of the basic materials company’s stock worth $225,090,000 after buying an additional 487,299 shares during the last quarter. Cornerstone Wealth Management LLC purchased a new stake in shares of Hecla Mining during the fourth quarter worth about $72,000. Dynamic Advisor Solutions LLC grew its stake in shares of Hecla Mining by 5.3% during the fourth quarter. Dynamic Advisor Solutions LLC now owns 94,900 shares of the basic materials company’s stock worth $456,000 after acquiring an additional 4,804 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Hecla Mining in the 4th quarter valued at approximately $76,000. Finally, Kingswood Wealth Advisors LLC boosted its stake in Hecla Mining by 179.2% in the 4th quarter. Kingswood Wealth Advisors LLC now owns 335,000 shares of the basic materials company’s stock worth $1,611,000 after purchasing an additional 215,000 shares in the last quarter. 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.