Hecla Mining (HL) Stock Price Up 0.6%

Shares of Hecla Mining (NYSE:HL) rose 0.6% during mid-day trading on Thursday . The stock traded as high as $3.58 and last traded at $3.58. Approximately 2,535,421 shares changed hands during trading, a decline of 49% from the average daily volume of 4,940,023 shares. The stock had previously closed at $3.56.

HL has been the topic of several research reports. Royal Bank of Canada set a $5.00 price target on shares of Hecla Mining and gave the stock a “hold” rating in a research report on Tuesday. Zacks Investment Research cut shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research report on Friday, January 12th. HC Wainwright set a $9.00 price target on shares of Hecla Mining and gave the stock a “buy” rating in a research report on Thursday, February 8th. Cantor Fitzgerald initiated coverage on shares of Hecla Mining in a research report on Monday, December 4th. They set a “buy” rating and a $5.00 price target on the stock. Finally, ValuEngine cut shares of Hecla Mining from a “hold” rating to a “sell” rating in a research report on Friday, February 2nd. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $5.14.

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The company has a market cap of $1,421.85, a price-to-earnings ratio of -60.83, a price-to-earnings-growth ratio of 152.57 and a beta of 0.30. The company has a current ratio of 2.86, a quick ratio of 2.37 and a debt-to-equity ratio of 0.34.

Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, February 15th. The basic materials company reported $0.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.02 by $0.02. The firm had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $156.85 million. Hecla Mining had a negative net margin of 4.07% and a positive return on equity of 2.17%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.03 earnings per share. equities research analysts forecast that Hecla Mining will post 0.02 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 13th. Investors of record on Tuesday, March 6th were issued a $0.0025 dividend. The ex-dividend date was Monday, March 5th. This represents a $0.01 annualized dividend and a yield of 0.27%. Hecla Mining’s dividend payout ratio (DPR) is -16.67%.

A number of large investors have recently modified their holdings of the stock. Millennium Management LLC purchased a new position in Hecla Mining in the fourth quarter valued at approximately $13,161,000. Alps Advisors Inc. increased its stake in Hecla Mining by 179.6% in the fourth quarter. Alps Advisors Inc. now owns 1,844,444 shares of the basic materials company’s stock valued at $7,322,000 after purchasing an additional 1,184,666 shares during the last quarter. BlackRock Inc. increased its stake in Hecla Mining by 2.8% in the fourth quarter. BlackRock Inc. now owns 25,922,232 shares of the basic materials company’s stock valued at $102,911,000 after purchasing an additional 694,899 shares during the last quarter. Old Mutual Global Investors UK Ltd. increased its stake in Hecla Mining by 28.6% in the fourth quarter. Old Mutual Global Investors UK Ltd. now owns 2,384,211 shares of the basic materials company’s stock valued at $9,465,000 after purchasing an additional 530,000 shares during the last quarter. Finally, Virtus Fund Advisers LLC increased its stake in Hecla Mining by 7.7% in the fourth quarter. Virtus Fund Advisers LLC now owns 7,197,246 shares of the basic materials company’s stock valued at $28,573,000 after purchasing an additional 515,890 shares during the last quarter. 59.98% of the stock is currently owned by hedge funds and other institutional investors.

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Hecla Mining Company Profile

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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