Hecla Mining Company (NYSE:HL) Gets Downgraded


Boston, MA – (Financialstrend) – 03/24/2014 – Zacks analysts have downgraded Hecla Mining Company (NYSE:HL) from a “neutral” to an “underperform” rating in the report that was released to investors. Currently, they have a price target of $3.20 on the stock. This target price suggests the potential-downside of 6.16% from Hecla Mining Company (NYSE:HL)’s previous close. Recently, numerous analysts have commented on Hecla Mining Company (NYSE:HL) stock.

Analysts at the EVA Dimensions firm upgraded Hecla Mining Company (NYSE:HL) shares from an “underweight” to a “hold” rating in the research note on 20 February. Roth Capital downgraded Hecla Mining Company (NYSE:HL)of from a “buy” to a “neutral” rating in the research note on 20 February. They currently have a price target of $3.50 on the stock, which is down from the previous $3.75. One research-analyst has rated Hecla Mining Company (NYSE:HL) stock with a “sell” rating, 5 have assigned a “hold” rating and 1 has issued a “buy” rating to the company stock. Currently, the average rating on Hecla Mining Company (NYSE:HL) is a “hold” and the average PT is $3.74.

Recently, Hecla Mining Company (NYSE:HL) also announced its quarterly dividend, that s slated for 26 March. Stockholders who are of record on 19 March will be paid this dividend of $0.0025/ share. This represents the $0.01 annualized-dividend and the dividend yield of 0.29%. Its ex-dividend date was Monday, March 17th.Hecla Mining Company (NYSE:HL) is involved in discovering & acquiring, developing, & producing, and marketing of silver and gold, lead and zinc. It operates in 2 segments: the Greens Creek unit & its Lucky Friday unit. Hecla Mining Company (NYSE:HL)’s 100%-owned subsidiary is the Hecla Alaska LLC. It produces zinc, lead & bulk concentrates at the Greens Creek unit & lead as well as zinc concentrates at the Lucky Friday unit that it sells to the custom-smelters on contract.