Hecla Mining (NYSE:HL)’s stock price was up 11.4% during trading on Wednesday . The company traded as high as $2.00 and last traded at $1.96, approximately 22,612,336 shares changed hands during mid-day trading. An increase of 258% from the average daily volume of 6,321,390 shares. The stock had previously closed at $1.76.
A number of equities analysts recently commented on HL shares. BMO Capital Markets increased their price objective on Air Products & Chemicals to $235.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. JPMorgan Chase & Co. set a €52.00 ($60.47) price objective on Vonovia and gave the stock a “buy” rating in a report on Friday, May 10th. CIBC dropped their price objective on Stuart Olson from C$5.50 to C$5.00 in a report on Tuesday, May 14th. Bank of America set a $80.00 price objective on Canopy Growth and gave the stock a “buy” rating in a report on Friday, June 7th. Finally, Cantor Fitzgerald set a $2.00 price objective on Hecla Mining and gave the stock a “hold” rating in a report on Thursday, June 6th. Five research analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $2.99.
The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.45 and a current ratio of 0.98. The business’s fifty day moving average is $1.63. The company has a market cap of $846.04 million, a P/E ratio of -17.82 and a beta of 0.98.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, May 9th. The basic materials company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). Hecla Mining had a negative net margin of 10.40% and a negative return on equity of 3.74%. The company had revenue of $152.60 million for the quarter, compared to analyst estimates of $150.31 million. During the same quarter last year, the business earned $0.02 EPS. The company’s revenue for the quarter was up 9.2% on a year-over-year basis. Sell-side analysts predict that Hecla Mining will post -0.11 earnings per share for the current year.
A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its holdings in shares of Hecla Mining by 11.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 36,181,949 shares of the basic materials company’s stock worth $85,389,000 after acquiring an additional 3,640,249 shares during the last quarter. Norges Bank bought a new stake in Hecla Mining in the fourth quarter worth about $8,311,000. MERIAN GLOBAL INVESTORS UK Ltd lifted its stake in Hecla Mining by 52.9% in the first quarter. MERIAN GLOBAL INVESTORS UK Ltd now owns 6,194,811 shares of the basic materials company’s stock worth $14,248,000 after purchasing an additional 2,144,000 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in Hecla Mining by 10,565.4% in the first quarter. Great Lakes Advisors LLC now owns 1,483,019 shares of the basic materials company’s stock worth $3,411,000 after purchasing an additional 1,469,114 shares during the last quarter. Finally, Deutsche Bank AG lifted its stake in Hecla Mining by 62.6% in the fourth quarter. Deutsche Bank AG now owns 3,012,120 shares of the basic materials company’s stock worth $7,107,000 after purchasing an additional 1,160,023 shares during the last quarter. Institutional investors own 59.42% of the company’s stock.
About Hecla Mining (NYSE:HL)
Hecla Mining Company, together with its subsidiaries, discovers, acquires, develops, and produces precious and base metal properties worldwide. The company offers lead, zinc, and bulk flotation concentrates to custom smelters and brokers; and unrefined gold and silver bullion bars to precious metals traders.
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