Why Hecla Mining (HL) Shares Are Lower Today

NEW YORK (TheStreet) -- Shares of Hecla Mining Co.   (HL) are down 3.14, or 7.23%, as analyst have commented on the company. Moody's Investors Service downgraded the Corporate Family and Probability of Default Ratings of Hecla to B2 and B2-PD from B1 and B1-PD, respectively. Also, the senior unsecured notes rating was downgraded to B3 from B2. The outlook is Negative. The company's Speculative Grade Liquidity rating is unchanged at SGL-2. Approximately $500 million in rated debt is affected.

Earlier today, Zacks analysts downgraded Hecla to Underperform from Neutral. Currently, they have a price target of $3.20 on the stock.

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TheStreet Ratings team rates HECLA MINING CO as a Hold with a ratings score of C-. TheStreet Ratings Team has this to say about their recommendation:

"We rate HECLA MINING CO (HL) a HOLD. The primary factors that have impacted our rating are mixed some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and feeble growth in the company's earnings per share."

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