Sterne Agee Starts Stock Coverage on Hecla Mining (HL)

By admin | 6 years ago

Equities researchers at Sterne Agee assumed coverage on shares of Hecla Mining (NYSE: HL) in a report issued on Wednesday. The firm set a “neutral” rating on the stock.

Hecla Mining traded down 2.30% on Wednesday, hitting $4.25. Hecla Mining has a 52-week low of $3.70 and a 52-week high of $8.65. The company has a market cap of $1.213 billion and a price-to-earnings ratio of 10.88.

Hecla Mining last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.06 earnings per share for the quarter, missing the consensus estimate of $0.08 by $0.02. The company’s revenue for the quarter was down 33.1% on a year-over-year basis. On average, analysts predict that Hecla Mining will post $0.07 earnings per share next quarter.

Several other analysts have also recently commented on the stock. Analysts at TheStreet downgraded shares of Hecla Mining to a “hold” rating in a research note to investors on Thursday, May 3rd. Separately, analysts at Deutsche Bank (NYSE: DB) initiated coverage on shares of Hecla Mining in a research note to investors on Friday, March 30th. They set a “hold” rating and a $5.50 price target on the stock. Finally, analysts at Scotia Capital initiated coverage on shares of Hecla Mining in a research note to investors on Friday, March 2nd. They set a “sector perform” rating and a $6.50 price target on the stock.

Hecla Mining Company is engaged in discovering, acquiring, developing, producing, and marketing silver, gold, lead and zinc.

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