Hecla Mining (NYSE:HL) Given New $20.00 Price Target at Scotiabank

Hecla Mining (NYSE:HL) had its price objective decreased by Scotiabank from $21.00 to $20.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “sector perform” rating on the basic materials company’s stock. Scotiabank‘s price objective suggests a potential upside of 34.14% from the company’s current price.

HL has been the topic of several other research reports. Royal Bank Of Canada cut their target price on Hecla Mining from $24.00 to $20.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 16th. Weiss Ratings lowered Hecla Mining from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Zacks Research raised Hecla Mining to a “hold” rating in a research note on Friday, July 17th. Finally, Jefferies Financial Group started coverage on Hecla Mining in a research note on Thursday, August 20th. They issued a “hold” rating and a $22.00 price target for the company. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $23.22.

Hecla Mining Price Performance

Shares of NYSE HL traded up $1.70 during midday trading on Wednesday, hitting $14.91. The stock had a trading volume of 45,354,803 shares, compared to its average volume of 27,545,250. The company’s 50-day simple moving average is $17.42 and its 200 day simple moving average is $18.60. The firm has a market cap of $10.02 billion, a P/E ratio of 30.43 and a beta of 1.44. Hecla Mining has a fifty-two week low of $11.81 and a fifty-two week high of $34.17.

Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Tuesday, November 3rd. The basic materials company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.08. The business had revenue of $394.82 million for the quarter, compared to analysts’ expectations of $340.10 million. Hecla Mining had a return on equity of 18.91% and a net margin of 20.84%. The firm’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.15 earnings per share. Equities analysts expect that Hecla Mining will post 0.46 EPS for the current fiscal year.

Institutional Trading of Hecla Mining

Hedge funds have recently bought and sold shares of the stock. Root Financial Partners LLC boosted its stake in Hecla Mining by 26.9% in the 1st quarter. Root Financial Partners LLC now owns 2,540 shares of the basic materials company’s stock valued at $47,000 after purchasing an additional 538 shares during the period. CoreCap Advisors LLC grew its holdings in Hecla Mining by 8.1% in the 3rd quarter. CoreCap Advisors LLC now owns 8,277 shares of the basic materials company’s stock valued at $141,000 after buying an additional 619 shares in the last quarter. North Dakota State Investment Board increased its position in Hecla Mining by 3.9% during the 3rd quarter. North Dakota State Investment Board now owns 19,364 shares of the basic materials company’s stock worth $330,000 after buying an additional 732 shares during the period. Brighton Jones LLC increased its position in Hecla Mining by 7.5% during the 3rd quarter. Brighton Jones LLC now owns 11,498 shares of the basic materials company’s stock worth $196,000 after buying an additional 800 shares during the period. Finally, Arizona State Retirement System increased its position in Hecla Mining by 0.5% during the 2nd quarter. Arizona State Retirement System now owns 185,029 shares of the basic materials company’s stock worth $2,855,000 after buying an additional 893 shares during the period. 63.01% of the stock is currently owned by institutional investors and hedge funds.

Key Hecla Mining News

Here are the key news stories impacting Hecla Mining this week:

• Positive Sentiment: Hecla reported Q3 adjusted earnings of $0.22 per share, beating the $0.14 consensus estimate, and revenue of $394.8 million, above expectations of $340.1 million. The company also reported record cash flow, supporting the positive reaction to its results. Hecla Reports Third Quarter 2026 Results
• Neutral Sentiment: The company revised its FY2026 production guidance. The available report does not specify the direction or scale of the revision, so its implications for future output are unclear. Hecla Mining Q3 Profit Climbs; Revises FY26 Production Guidance
• Neutral Sentiment: Hecla named Dale Andres to its board of directors; no financial or operational impact was detailed. Hecla Announces Dale Andres Joining the Board
• Negative Sentiment: Despite beating estimates, Q3 revenue was down 3.5% year over year, a sign of weaker sales compared with the same period last year. Hecla Mining Q3 Earnings, Revenue Rise

Hecla Mining Company Profile

Hecla Mining Company (NYSE: HL) is a precious and base metals mining company that explores for, develops, and produces silver, gold, lead, and zinc. The company also undertakes activities related to mineral processing, mine development, and exploration of additional mineral resources.

Founded in 1891, Hecla is headquartered in Coeur d’Alene, Idaho, and is one of the oldest mining companies listed on the New York Stock Exchange. Its operating portfolio has included the Greens Creek silver-gold-lead-zinc mine in Alaska, the Lucky Friday silver-lead-zinc mine in Idaho, the Casa Berardi gold mine in Quebec, and the Keno Hill silver operations in Yukon, Canada.

Through its mines and exploration projects in the United States and Canada, Hecla supplies silver and other metals to industrial, investment, and manufacturing markets.