Hecla Mining (NYSE:HL) was up 5.7% during mid-day trading on Friday . The company traded as high as $1.69 and last traded at $1.67, approximately 7,897,455 shares changed hands during mid-day trading. An increase of 14% from the average daily volume of 6,906,104 shares. The stock had previously closed at $1.58.
A number of research analysts have issued reports on HL shares. BMO Capital Markets set a $1.00 price target on shares of Hecla Mining and gave the stock a “sell” rating in a report on Friday, July 19th. Bank of America set a $2.00 price target on shares of Hecla Mining and gave the stock a “sell” rating in a report on Friday, June 7th. Zacks Investment Research raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a report on Tuesday, June 11th. JPMorgan Chase & Co. cut shares of Hecla Mining from an “overweight” rating to a “neutral” rating in a report on Friday, May 10th. Finally, Cantor Fitzgerald set a $2.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a report on Thursday, June 6th. Six analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $2.39.
The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55. The company’s fifty day moving average is $1.74 and its 200-day moving average is $1.98. The stock has a market cap of $791.75 million, a PE ratio of -15.18 and a beta of 0.96.
Hecla Mining (NYSE:HL) last issued its earnings results on Wednesday, August 7th. The basic materials company reported ($0.07) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.04) by ($0.03). The business had revenue of $134.17 million for the quarter, compared to analysts’ expectations of $150.62 million. Hecla Mining had a negative return on equity of 6.02% and a negative net margin of 20.98%. The company’s revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the business earned $0.01 EPS. Analysts expect that Hecla Mining will post -0.14 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 3rd. Investors of record on Friday, August 23rd will be given a dividend of $0.002 per share. The ex-dividend date is Thursday, August 22nd. This represents a $0.01 annualized dividend and a yield of 0.48%. Hecla Mining’s dividend payout ratio is presently -9.09%.
In other news, Director Catherine J. Boggs purchased 40,540 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average price of $1.50 per share, for a total transaction of $60,810.00. Following the completion of the transaction, the director now owns 40,540 shares in the company, valued at $60,810. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.80% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Nuveen Asset Management LLC acquired a new position in shares of Hecla Mining in the second quarter valued at approximately $3,389,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Hecla Mining by 34.5% in the second quarter. Price T Rowe Associates Inc. MD now owns 486,679 shares of the basic materials company’s stock valued at $876,000 after purchasing an additional 124,956 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Hecla Mining by 11.8% in the second quarter. UBS Asset Management Americas Inc. now owns 284,999 shares of the basic materials company’s stock valued at $513,000 after purchasing an additional 30,065 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Hecla Mining by 187.2% in the second quarter. Cubist Systematic Strategies LLC now owns 58,586 shares of the basic materials company’s stock valued at $105,000 after purchasing an additional 38,186 shares in the last quarter. Finally, Advisors Management Group Inc. ADV acquired a new position in shares of Hecla Mining in the second quarter valued at approximately $31,000. Institutional investors own 57.10% 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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