Hecla Mining (NYSE:HL)’s stock price rose 0.7% during trading on Wednesday . The stock traded as high as $2.77 and last traded at $2.77, approximately 507,102 shares traded hands during trading. A decline of 94% from the average daily volume of 8,044,241 shares. The stock had previously closed at $2.75.
HL has been the subject of a number of recent research reports. BMO Capital Markets raised shares of Hecla Mining from an “underperform” rating to a “market perform” rating and boosted their price target for the stock from $1.60 to $2.20 in a research note on Thursday, November 7th. B. Riley reduced their price objective on shares of Hecla Mining from $2.30 to $1.80 and set a “neutral” rating on the stock in a research note on Friday, October 11th. HC Wainwright raised their price objective on shares of Hecla Mining from $3.00 to $3.75 and gave the company a “buy” rating in a research note on Monday, August 19th. Zacks Investment Research lowered shares of Hecla Mining from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. Finally, Canaccord Genuity cut shares of Hecla Mining from a “hold” rating to a “sell” rating and set a $2.00 target price for the company. in a research report on Wednesday, August 7th. Five equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Hecla Mining has a consensus rating of “Hold” and an average target price of $2.10.
The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -25.05 and a beta of 0.97. The company has a 50-day moving average price of $2.26 and a 200-day moving average price of $1.86. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.55 and a current ratio of 1.23.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 22nd were issued a dividend of $0.002 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.29%. The ex-dividend date of this dividend was Thursday, November 21st. Hecla Mining’s dividend payout ratio is currently -9.09%.
Several hedge funds have recently made changes to their positions in HL. Cetera Advisor Networks LLC bought a new position in shares of Hecla Mining during the 3rd quarter valued at about $27,000. Verde Servicos Internacionais S.A. bought a new stake in Hecla Mining during the 3rd quarter worth approximately $29,000. Advisors Management Group Inc. ADV acquired a new stake in Hecla Mining during the 2nd quarter worth approximately $31,000. First Allied Advisory Services Inc. acquired a new stake in Hecla Mining during the 2nd quarter worth approximately $41,000. Finally, Corient Capital Partners LLC acquired a new stake in Hecla Mining during the 2nd quarter worth approximately $41,000. 56.98% of the stock is owned by institutional investors.
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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