Hecla Mining (NYSE:HL) Trading Up 11.1% – Should You Buy?

Hecla Mining Company (NYSE:HL)’s stock price was up 11.1% during mid-day trading on Monday . The company traded as high as $17.14 and last traded at $16.9830. Approximately 3,868,039 shares changed hands during trading, a decline of 81% from the average daily volume of 19,856,391 shares. The stock had previously closed at $15.29.

Analysts Set New Price Targets

HL has been the subject of a number of research reports. Canaccord Genuity Group raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, April 29th. Weiss Ratings cut shares of Hecla Mining from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, June 5th. Roth Mkm set a $13.00 price target on shares of Hecla Mining in a research report on Wednesday, February 18th. HC Wainwright decreased their price target on shares of Hecla Mining from $36.50 to $26.75 and set a “buy” rating for the company in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Hecla Mining from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Hecla Mining has a consensus rating of “Hold” and an average price target of $24.79.

Hecla Mining Stock Performance

The stock has a market cap of $10.75 billion, a PE ratio of 39.09 and a beta of 1.25. The stock has a fifty day simple moving average of $17.85 and a two-hundred day simple moving average of $20.09. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.53 and a current ratio of 4.94.

Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.24 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.03). The firm had revenue of $411.43 million during the quarter, compared to analysts’ expectations of $407.63 million. Hecla Mining had a net margin of 17.41% and a return on equity of 16.89%. The business’s quarterly revenue was up 57.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.04 earnings per share.

Hecla Mining Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 10th. Shareholders of record on Friday, May 22nd were given a $0.0038 dividend. This represents a $0.02 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date of this dividend was Friday, May 22nd. Hecla Mining’s dividend payout ratio is presently 2.44%.

Hedge Funds Weigh In On Hecla Mining

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HL. Lodestone Wealth Management LLC purchased a new position in shares of Hecla Mining during the 4th quarter valued at approximately $28,000. Quadrant Capital Group LLC boosted its stake in shares of Hecla Mining by 74.3% during the 4th quarter. Quadrant Capital Group LLC now owns 1,480 shares of the basic materials company’s stock valued at $28,000 after buying an additional 631 shares during the last quarter. Sittner & Nelson LLC purchased a new position in shares of Hecla Mining during the 4th quarter valued at approximately $29,000. Rothschild Investment LLC boosted its stake in shares of Hecla Mining by 93.5% during the 4th quarter. Rothschild Investment LLC now owns 1,616 shares of the basic materials company’s stock valued at $31,000 after buying an additional 781 shares during the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new position in shares of Hecla Mining during the 4th quarter valued at approximately $31,000. 63.01% of the stock is owned by hedge funds and other institutional investors.

About Hecla Mining

Hecla Mining Company, founded in 1891 and headquartered in Coeur d’Alene, Idaho, is one of the oldest publicly traded precious metals companies in the United States. Originally established to develop the rich silver deposits of the Coeur d’Alene district, Hecla has evolved into a diversified mining enterprise focused on the exploration, development and production of silver and gold, with by-product credits from lead and zinc.

The company’s principal operations are located in North America and Latin America.