Hecla Mining (NYSE:HL) Given Market Perform Rating at BMO Capital Markets

by · The Markets Daily

Hecla Mining (NYSE:HL – Get Free Report)‘s stock had its “market perform” rating reaffirmed by research analysts at BMO Capital Markets in a research note issued on Monday,Benzinga reports. They presently have a $5.50 price objective on the basic materials company’s stock, down from their prior price objective of $7.50. BMO Capital Markets’ price objective would indicate a potential upside of 21.15% from the company’s previous close.

Several other equities research analysts have also recently issued reports on the stock. TD Securities cut shares of Hecla Mining from a “buy” rating to a “hold” rating and decreased their target price for the stock from $6.50 to $5.50 in a research report on Tuesday, March 11th. Roth Mkm decreased their price target on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a report on Tuesday, February 18th. StockNews.com raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, February 17th. HC Wainwright restated a “buy” rating and issued a $11.50 price objective on shares of Hecla Mining in a report on Friday, February 14th. Finally, National Bank Financial upgraded Hecla Mining to a “hold” rating in a report on Friday, March 21st. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Hecla Mining currently has an average rating of “Hold” and an average price target of $7.30.

View Our Latest Stock Analysis on HL

Hecla Mining Stock Down 17.0 %

HL stock opened at $4.54 on Monday. The company has a 50 day moving average price of $5.53 and a two-hundred day moving average price of $5.63. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.55 and a current ratio of 1.08. The stock has a market capitalization of $2.87 billion, a P/E ratio of 90.82 and a beta of 1.57. Hecla Mining has a one year low of $4.41 and a one year high of $7.68.

Hecla Mining (NYSE:HL – Get Free Report) last released its earnings results on Thursday, May 1st. The basic materials company reported $0.04 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 business had revenue of $261.34 million during the quarter, compared to analyst estimates of $238.50 million. During the same quarter in the previous year, the company posted ($0.01) earnings per share. The business’s revenue for the quarter was up 37.9% compared to the same quarter last year. As a group, sell-side analysts expect that Hecla Mining will post 0.21 EPS for the current year.

Insider Buying and Selling at Hecla Mining

In other Hecla Mining news, CEO Robert Krcmarov bought 6,570 shares of the company’s stock in a transaction dated Wednesday, February 19th. The shares were acquired at an average cost of $5.29 per share, with a total value of $34,755.30. Following the completion of the transaction, the chief executive officer now owns 331,856 shares in the company, valued at $1,755,518.24. The trade was a 2.02 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael L. Clary sold 32,387 shares of the business’s stock in a transaction dated Wednesday, February 26th. The stock was sold at an average price of $5.18, for a total value of $167,764.66. Following the completion of the transaction, the chief accounting officer now owns 246,440 shares in the company, valued at approximately $1,276,559.20. This trade represents a 11.62 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 57,915 shares of company stock valued at $300,000 over the last 90 days. 0.62% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. GAMMA Investing LLC lifted its position in shares of Hecla Mining by 771.8% during the fourth quarter. GAMMA Investing LLC now owns 5,013 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 4,438 shares during the last quarter. Ameliora Wealth Management Ltd. acquired a new stake in Hecla Mining during the fourth quarter valued at approximately $25,000. Principal Securities Inc. acquired a new stake in Hecla Mining during the fourth quarter valued at approximately $25,000. Migdal Insurance & Financial Holdings Ltd. bought a new position in Hecla Mining during the 1st quarter worth approximately $31,000. Finally, Blue Trust Inc. grew its position in shares of Hecla Mining by 30.7% in the 4th quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 1,961 shares in the last quarter. 63.01% of the stock is currently owned by institutional investors.

About Hecla Mining

(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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