NEW YORK (TheStreet) -- Hecla Mining (HL) shares are down 1.7% to $2.48 on heavy volume on Monday after the mining company's shares were downgraded to "neutral" from "buy" by analysts at Roth Capital today.
The firm also lowered the company's price target to $2.50 from its previous $3.25 target. Investors have traded 5.1 million shares by midday today, near the company's daily average of 6.2 million shares traded.
Hecla Mining last released its financial results on November 5, reporting earnings of 1 cent per diluted share that was in line with analysts' consensus estimates, on revenue of $135.5 million, that beat analysts' $127.6 million guidance.
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TheStreet Ratings team rates HECLA MINING CO as a Sell with a ratings score of D+. TheStreet Ratings Team has this to say about their recommendation:
"We rate HECLA MINING CO (HL) a SELL. This is driven by several weaknesses, which we believe should have a greater impact than any strengths, and could make it more difficult for investors to achieve positive results compared to most of the stocks we cover. Among the areas we feel are negative, one of the most important has been a generally disappointing historical performance in the stock itself."
Highlights from the analysis by TheStreet Ratings Team goes as follows: