ValuEngine Downgrades Hecla Mining Company (HL) to Sell

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Analysts giving shares a rating of 1 or 2 would be indicating a Buy. Hecla Mining Company (HL) has had a 20-day average volume of 4,262,235 shares, with an average of 100% of short term indicators pointed at Sell. The stock ended last trade at $5.88 a share and the price is up more than -19.67% so far this year. TheStreet cut Hecla Mining from a “b-” rating to a “c” rating in a report on Thursday, August 3rd. Canaccord Genuity maintained Hecla Mining Company (NYSE:HL) on Thursday, October 5 with “Hold” rating. Analysts pegging the company with a rating of 3 would be indicating a Hold recommendation. Hecla Mining now has a consensus rating of “Hold” and an average target price of $6.52.

Many analysts are providing their Estimated Earnings analysis for Hecla Mining Co. and for the current quarter 9 analysts have projected that the stock could give an Average Earnings estimate of $0.02/share. The total number of shares traded in the last 12 months is 1.14 million. According to these analysts, the Low Revenue Estimate for Hecla Mining Co.is 143.5 Million and the High Revenue Estimate is 169 Million. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.56 and a quick ratio of 2.14. Its book value per share for the most recent quarter is $3.79 while its price to book ratio for the same period is 1.11, as for as the company’s cash per share for the most recent quarter is $0.49, however its price to cash per share ratio for the same period is 8.52. Deutsche Bank maintained Hecla Mining Company (NYSE:HL) on Tuesday, August 9 with “Hold” rating.

Wall Street analysts, on average, are forecasting the company’s EPS to be 0.02, compared to 0.07 reported in the same quarter a year ago. The company holds 410.67 million outstanding shares and 393.37 million shares are floating in market. Hecla Mining had a negative net margin of 2.29% and a positive return on equity of 4.88%. Hecla Mining’s revenue was down 21.5% compared to the same quarter past year. Meanwhile, the average 12-month price target from Wall Street analysts is now $5.90, this means that the stock is underpriced by 28.983%. If you are accessing this piece of content on another site, it was stolen and republished in violation of worldwide copyright and trademark law. If you are reading this piece on another publication, it was copied illegally and republished in violation of USA & worldwide copyright & trademark laws. Van Eck Associates Corp owns $175.67 million in Hecla Mining Company, which represents roughly 10.21% of the company’s market cap and approximately 15.97% of the institutional ownership.

In the transaction dated August 26, 2016, the great number of shares disposed came courtesy the VP & General Counsel; Sienko David C disposed a total of 13,722 shares at an average price of $5.85, amounting to approximately $80,274. Of those transactions, there were 785,451 shares of HL bought and 355,663 shares sold.

A number of equities analysts recently weighed in on HL shares. That puts total institutional holdings at 238,549,570 shares, according to SEC filings. Corporate insiders own 1.50% of the company’s stock.

On the other hand the company has Relative Strength Index (RSI 14) of 25.16 along with Average True Range (ATR 14) of 0.18, Consequently Hecla Mining Company (NYSE:HL)’s weekly and monthly volatility is 5.57%, 3.36% respectively. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock worth $106,000 after acquiring an additional 4,384 shares during the period.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 1st. Finally, Vanguard Group Inc. increased its holdings in Hecla Mining by 4.8% during the 1st quarter. A P/B ratio of less than 1.0 can indicate that a stock is undervalued, while a ratio of greater than 1.0 may indicate that a stock is overvalued.

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