Hecla Mining (NYSE:HL) Price Target Lowered to $6.50 at TD Securities

Hecla Mining (NYSE:HL) had its price objective cut by analysts at TD Securities from $7.00 to $6.50 in a report released on Friday,BayStreet.CA reports. The firm presently has a “buy” rating on the basic materials company’s stock. TD Securities’ price target suggests a potential upside of 22.07% from the stock’s previous close.

A number of other equities research analysts have also recently commented on the stock. Roth Mkm decreased their target price on shares of Hecla Mining from $6.60 to $6.50 and set a “buy” rating on the stock in a research note on Tuesday. HC Wainwright reiterated a “buy” rating and set a $11.50 price objective on shares of Hecla Mining in a research report on Friday, February 14th. StockNews.com upgraded shares of Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday. Finally, National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, November 8th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Hecla Mining currently has an average rating of “Moderate Buy” and a consensus target price of $8.00.

Hecla Mining Stock Performance

Shares of NYSE HL traded down $0.31 during trading on Friday, reaching $5.33. 20,011,219 shares of the company traded hands, compared to its average volume of 17,606,629. The firm has a 50 day simple moving average of $5.42 and a 200-day simple moving average of $5.86. The company has a quick ratio of 0.55, a current ratio of 1.08 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $3.36 billion, a PE ratio of 106.30 and a beta of 1.91. Hecla Mining has a 52-week low of $3.40 and a 52-week high of $7.68.

Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, February 13th. The basic materials company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Hecla Mining had a return on equity of 3.10% and a net margin of 3.85%. The business had revenue of $249.66 million during the quarter, compared to the consensus estimate of $229.21 million. Equities research analysts anticipate that Hecla Mining will post 0.21 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HL. GAMMA Investing LLC boosted its stake in 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 buying an additional 4,438 shares during the period. Ameliora Wealth Management Ltd. purchased a new position in Hecla Mining during the fourth quarter worth $25,000. Principal Securities Inc. bought a new stake in shares of Hecla Mining during the fourth quarter worth $25,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hecla Mining during the third quarter worth $28,000. Finally, Blue Trust Inc. lifted its position in shares of Hecla Mining by 30.7% during the fourth quarter. Blue Trust Inc. now owns 8,351 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 1,961 shares during the last quarter. 63.01% of the stock is owned by hedge funds and other institutional investors.

Hecla Mining Company Profile

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.