TD Securities Lowers Hecla Mining (NYSE:HL) Price Target to $8.00

Hecla Mining (NYSE:HL - Get Free Report) had its price target decreased by equities researchers at TD Securities from $8.50 to $8.00 in a research note issued to investors on Friday,BayStreet.CA reports. The firm currently has a "buy" rating on the basic materials company's stock. TD Securities' price target indicates a potential upside of 41.34% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. StockNews.com lowered shares of Hecla Mining from a "hold" rating to a "sell" rating in a report on Thursday, October 17th. Roth Mkm decreased their price objective on Hecla Mining from $6.25 to $6.00 and set a "buy" rating on the stock in a report on Thursday, August 8th. Finally, HC Wainwright restated a "buy" rating and set a $10.25 price target on shares of Hecla Mining in a research report on Thursday, August 8th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $7.94.

Hecla Mining Stock Performance

Shares of Hecla Mining stock traded down $0.36 during mid-day trading on Friday, hitting $5.66. 11,014,343 shares of the stock were exchanged, compared to its average volume of 9,032,956. The company has a market capitalization of $3.56 billion, a P/E ratio of -70.75 and a beta of 2.00. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.58 and a current ratio of 1.29. The company has a 50-day simple moving average of $6.53 and a 200 day simple moving average of $5.83. Hecla Mining has a 12 month low of $3.33 and a 12 month high of $7.68.

Hecla Mining (NYSE:HL - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The basic materials company reported $0.03 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.01. Hecla Mining had a negative net margin of 5.56% and a negative return on equity of 0.42%. The company had revenue of $245.09 million for the quarter, compared to analysts' expectations of $232.03 million. During the same quarter in the previous year, the firm posted ($0.01) EPS. Hecla Mining's revenue was up 34.7% on a year-over-year basis. Sell-side analysts anticipate that Hecla Mining will post 0.07 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Kurt Allen sold 108,612 shares of the company's stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $6.77, for a total transaction of $735,303.24. Following the transaction, the vice president now directly owns 173,700 shares of the company's stock, valued at $1,175,949. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 1.40% of the company's stock.

Hedge Funds Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently made changes to their positions in HL. Continuum Advisory LLC raised its stake in Hecla Mining by 313.6% during the 2nd quarter. Continuum Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $32,000 after acquiring an additional 4,967 shares during the period. Innealta Capital LLC bought a new position in Hecla Mining in the 2nd quarter worth $41,000. Sound Income Strategies LLC bought a new stake in Hecla Mining during the third quarter valued at about $49,000. Ballentine Partners LLC bought a new stake in Hecla Mining during the second quarter valued at about $54,000. Finally, Oak Family Advisors LLC bought a new position in shares of Hecla Mining in the second quarter worth about $55,000. Hedge funds and other 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.

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