Hecla Mining (HL) Shares Gap Down to $3.92

Hecla Mining (NYSE:HL) shares gapped down before the market opened on Monday . The stock had previously closed at $4.01, but opened at $3.92. Hecla Mining shares last traded at $3.78, with a volume of 3010599 shares trading hands.

HL has been the subject of several research analyst reports. Royal Bank of Canada set a $5.00 price target on shares of Hecla Mining and gave the company a “hold” rating in a research note on Tuesday, March 20th. HC Wainwright reaffirmed a “buy” rating and set a $7.50 price target on shares of Hecla Mining in a research note on Thursday, April 12th. Zacks Investment Research downgraded shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 12th. ValuEngine downgraded shares of Hecla Mining from a “hold” rating to a “sell” rating in a research note on Friday, February 2nd. Finally, BMO Capital Markets decreased their price target on shares of Hecla Mining from $4.50 to $4.00 and set a “hold” rating for the company in a research note on Tuesday, March 20th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company’s stock. Hecla Mining has an average rating of “Hold” and a consensus target price of $5.14.

The company has a market capitalization of $1,509.72, a P/E ratio of 39.00, a P/E/G ratio of 113.40 and a beta of 0.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.37 and a current ratio of 2.86.

Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The business had revenue of $160.10 million for the quarter, compared to the consensus estimate of $156.85 million. Hecla Mining had a positive return on equity of 2.17% and a negative net margin of 4.07%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.03 earnings per share. equities analysts anticipate that Hecla Mining will post 0.03 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of Hecla Mining by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 1,087,772 shares of the basic materials company’s stock worth $5,428,000 after purchasing an additional 13,894 shares in the last quarter. California Public Employees Retirement System increased its position in shares of Hecla Mining by 2.8% during the fourth quarter. California Public Employees Retirement System now owns 650,228 shares of the basic materials company’s stock worth $2,581,000 after purchasing an additional 17,800 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of Hecla Mining by 4.5% during the third quarter. New York State Common Retirement Fund now owns 420,700 shares of the basic materials company’s stock valued at $2,112,000 after buying an additional 18,200 shares during the last quarter. LPL Financial LLC grew its holdings in shares of Hecla Mining by 23.7% during the fourth quarter. LPL Financial LLC now owns 121,847 shares of the basic materials company’s stock valued at $484,000 after buying an additional 23,306 shares during the last quarter. Finally, Suntrust Banks Inc. grew its holdings in shares of Hecla Mining by 5.5% during the fourth quarter. Suntrust Banks Inc. now owns 479,381 shares of the basic materials company’s stock valued at $1,903,000 after buying an additional 24,846 shares during the last quarter. 59.93% of the stock is currently owned by institutional investors and hedge funds.

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About Hecla Mining

Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal deposits worldwide. The company offers zinc, lead, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.

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