Hecla Mining Company (HL) Trading Up -4.6%

Hecla Mining Company (NYSE:HL)’s share price was up 4.6% on Wednesday . The company traded as high as $4.01 and last traded at $3.75. Approximately 11,886,500 shares were traded during trading, an increase of 109% from the average daily volume of 5,688,293 shares. The stock had previously closed at $3.93.

A number of equities analysts have recently weighed in on HL shares. HC Wainwright reissued a “buy” rating and set a $8.50 price target on shares of Hecla Mining in a research report on Tuesday, August 29th. Canaccord Genuity restated a “hold” rating and set a $5.00 price objective on shares of Hecla Mining in a report on Thursday, September 7th. Zacks Investment Research upgraded shares of Hecla Mining from a “strong sell” rating to a “hold” rating in a report on Wednesday, October 11th. Royal Bank Of Canada set a $6.00 price objective on shares of Hecla Mining and gave the stock a “hold” rating in a report on Wednesday, October 18th. Finally, ValuEngine lowered shares of Hecla Mining from a “hold” rating to a “sell” rating in a report on Friday, August 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $6.52.

The company has a quick ratio of 2.15, a current ratio of 2.69 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $1,510.00, a price-to-earnings ratio of 56.14, a P/E/G ratio of 98.25 and a beta of 0.31.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Tuesday, November 7th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.02 by $0.02. Hecla Mining had a net margin of 4.21% and a return on equity of 1.89%. The firm had revenue of $140.80 million for the quarter, compared to analyst estimates of $151.32 million. During the same period in the previous year, the business earned $0.07 EPS. The company’s revenue was down 21.5% compared to the same quarter last year. research analysts expect that Hecla Mining Company will post 0.04 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Tuesday, November 21st will be paid a dividend of $0.0025 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $0.01 annualized dividend and a dividend yield of 0.25%. Hecla Mining’s dividend payout ratio is presently 16.67%.

In related news, Director George R. Nethercutt, Jr. sold 62,500 shares of Hecla Mining stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $5.24, for a total transaction of $327,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.50% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Ameriprise Financial Inc. boosted its holdings in Hecla Mining by 27.8% in the 1st quarter. Ameriprise Financial Inc. now owns 20,159 shares of the basic materials company’s stock valued at $106,000 after purchasing an additional 4,384 shares during the period. Trexquant Investment LP bought a new stake in Hecla Mining in the 2nd quarter valued at about $124,000. Pacad Investment Ltd. boosted its holdings in Hecla Mining by 10.4% in the 2nd quarter. Pacad Investment Ltd. now owns 27,500 shares of the basic materials company’s stock valued at $140,000 after purchasing an additional 2,600 shares during the period. Advisor Group Inc. boosted its holdings in Hecla Mining by 148.1% in the 2nd quarter. Advisor Group Inc. now owns 27,741 shares of the basic materials company’s stock valued at $142,000 after purchasing an additional 16,561 shares during the period. Finally, Teacher Retirement System of Texas boosted its holdings in Hecla Mining by 2.6% in the 2nd quarter. Teacher Retirement System of Texas now owns 31,773 shares of the basic materials company’s stock valued at $162,000 after purchasing an additional 802 shares during the period. 59.13% of the stock is owned by hedge funds and other institutional investors.

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Hecla Mining Company Profile

Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. It produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver.

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