JP Morgan Upgrades Hecla Mining Company to Overweight

Brokerage firm JP Morgan Upgrades its rating on Hecla Mining Company(NYSE:HL). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Aug 9, 2016.

In a different note, On Jul 13, 2016, Scotiabank said it Upgrades its rating on Hecla Mining Company. The shares have been rated ‘Sector Perform’ by the firm. On Jul 5, 2016, Bernstien said it Upgrades its rating on Hecla Mining Company. The shares have been rated ‘Market Perform’ by the firm.

Hecla Mining Company (HL) shares turned negative on Wednesdays trading session with the shares closing down -0.05 points or -0.71% at a volume of 1,04,91,895. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $7.095. The peak price level was also seen at $7.095 while the days lowest was $6.73. Finally the shares closed at $7. The 52-week high of the shares is $7.26 while the 52-week low is $1.45. According to the latest information available, the market cap of the company is $2,705 M.

Hecla Mining Company(HL) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $171.30M. Analysts had an estimated revenue of $141.25M. Earnings per share were $0.07. Analysts had estimated an EPS of $0.05.

Several Insider Transactions has been reported to the SEC. On Jul 13, 2016, George R Jr Nethercutt (director) sold 40,000 shares at $5.00 per share price.Also, On Jul 13, 2016, Anthony P Taylor (director) sold 5,000 shares at $6.09 per share price.

Hecla Mining Company is engaged in discovering acquiring developing and producing silver gold lead and zinc. The Company operates in three segments: the Greens Creek Lucky Friday and Casa Berardi units. It focuses on its San Sebastian project which is located in Mexico; North Idaho’s Silver Valley which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island which is located near Juneau; the silver-producing district near Durango which is located in Mexico; the Abitibi region of north-western Quebec which is located in Canada and the Creede district of Southwestern Colorado. The Company produces lead zinc and bulk concentrates which it markets to custom smelters and brokers at its Lucky Friday unit and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi. In addition the Company owns Rock Creek Project a silver and copper deposit which is located in North America.

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