Hecla Mining (NYSE:HL) Trading 4.7% Higher – Still a Buy?

Shares of Hecla Mining (NYSE:HL) shot up 4.7% during mid-day trading on Monday . The stock traded as high as $5.86 and last traded at $5.95. 7,444,591 shares traded hands during mid-day trading, a decline of 50% from the average session volume of 14,754,380 shares. The stock had previously closed at $5.68.

Analyst Upgrades and Downgrades

HL has been the subject of a number of recent research reports. National Bank Financial cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Friday, November 8th. TD Securities lowered their price objective on Hecla Mining from $8.50 to $8.00 and set a “buy” rating on the stock in a report on Friday, November 8th. Finally, StockNews.com lowered Hecla Mining from a “hold” rating to a “sell” rating in a report on Thursday, October 17th. One equities research analyst has rated the stock with a sell rating, three have assigned 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, the company presently has an average rating of “Moderate Buy” and a consensus target price of $7.94.

Hecla Mining Stock Up 1.1 %

The firm has a 50-day moving average price of $5.37 and a two-hundred day moving average price of $5.84. The company has a market capitalization of $3.73 billion, a P/E ratio of -148.63 and a beta of 1.91. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.24.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Hecla Mining had a negative net margin of 2.27% and a positive return on equity of 0.75%. The company had revenue of $245.09 million for the quarter, compared to the consensus estimate of $232.03 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. The business’s revenue was up 34.7% compared to the same quarter last year. Equities research analysts anticipate that Hecla Mining will post 0.06 EPS for the current fiscal year.

Institutional Trading of Hecla Mining

A number of hedge funds have recently modified their holdings of the company. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Hecla Mining during the 3rd quarter worth approximately $28,000. Ameliora Wealth Management Ltd. bought a new stake in shares of Hecla Mining in the 4th quarter worth about $25,000. GAMMA Investing LLC grew its holdings in shares of Hecla Mining by 771.8% in the 4th 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. Principal Securities Inc. acquired a new stake in shares of Hecla Mining during the 4th quarter worth about $25,000. Finally, Sound Income Strategies LLC bought a new stake in Hecla Mining during the third quarter worth about $49,000. Institutional investors own 63.01% of the company’s stock.

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.