Hecla Mining (NYSE:HL) Raised to Buy at Cantor Fitzgerald

Share on StockTwits

Hecla Mining (NYSE:HL) was upgraded by research analysts at Cantor Fitzgerald from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, November 8th, The Fly reports.

A number of other equities research analysts also recently weighed in on the company. BMO Capital Markets raised Hecla Mining from an “underperform” rating to a “market perform” rating and lifted their target price for the stock from $1.60 to $2.20 in a report on Thursday, November 7th. B. Riley dropped their target price on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a report on Friday, October 11th. Canaccord Genuity downgraded Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price for the company. in a report on Wednesday, August 7th. Zacks Investment Research cut Hecla Mining from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Finally, HC Wainwright raised their price target on Hecla Mining from $3.00 to $3.75 and gave the stock a “buy” rating in a research report on Monday, August 19th. Five equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $2.10.

Shares of HL traded up $0.02 during midday trading on Friday, reaching $2.77. 9,386,722 shares of the stock were exchanged, compared to its average volume of 7,359,557. Hecla Mining has a twelve month low of $1.21 and a twelve month high of $3.07. The company has a quick ratio of 0.55, a current ratio of 1.23 and a debt-to-equity ratio of 0.37. The company has a market cap of $1.38 billion, a P/E ratio of -25.18 and a beta of 0.97. The stock’s 50 day simple moving average is $2.26 and its 200 day simple moving average is $1.86.

Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). Hecla Mining had a negative return on equity of 5.71% and a negative net margin of 19.71%. The firm had revenue of $161.50 million for the quarter, compared to analyst estimates of $179.40 million. During the same period in the prior year, the business posted ($0.05) EPS. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. As a group, analysts predict that Hecla Mining will post -0.14 earnings per share for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Cetera Advisor Networks LLC bought a new position in Hecla Mining in the third quarter valued at about $27,000. Verde Servicos Internacionais S.A. bought a new position in Hecla Mining in the third quarter valued at about $29,000. Advisors Management Group Inc. ADV bought a new position in Hecla Mining in the second quarter valued at about $31,000. Brookstone Capital Management grew its position in Hecla Mining by 90.5% in the third quarter. Brookstone Capital Management now owns 22,974 shares of the basic materials company’s stock valued at $40,000 after acquiring an additional 10,916 shares during the last quarter. Finally, Corient Capital Partners LLC bought a new position in Hecla Mining in the second quarter valued at about $41,000. Institutional investors own 56.98% of the company’s stock.

About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

Read More: Preferred Stock

The Fly

Analyst Recommendations for Hecla Mining (NYSE:HL)

Receive News & Ratings for Hecla Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hecla Mining and related companies with MarketBeat.com's FREE daily email newsletter.