Hecla Mining (NYSE:HL) Reaches New 52-Week High at $3.08

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Hecla Mining (NYSE:HL) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $3.08 and last traded at $3.08, with a volume of 389272 shares changing hands. The stock had previously closed at $2.95.

A number of brokerages have issued reports on HL. Cantor Fitzgerald raised Hecla Mining from a “hold” rating to a “buy” rating in a research note on Friday, November 8th. B. Riley decreased their price target on Hecla Mining from $2.30 to $1.80 and set a “neutral” rating for the company in a research note on Friday, October 11th. Zacks Investment Research lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. ValuEngine lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday, December 4th. Finally, BMO Capital Markets raised Hecla Mining from an “underperform” rating to a “market perform” rating and increased their price target for the company from $1.60 to $2.20 in a research note on Thursday, November 7th. Five analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. Hecla Mining currently has an average rating of “Hold” and a consensus price target of $2.10.

The stock has a fifty day moving average price of $2.42 and a 200-day moving average price of $1.92. The company has a market cap of $1.42 billion, a PE ratio of -27.95 and a beta of 0.97. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.23 and a quick ratio of 0.55.

Hecla Mining (NYSE:HL) last released its earnings results on Thursday, November 7th. The basic materials company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.01). The business had revenue of $161.50 million during the quarter, compared to analysts’ expectations of $179.40 million. Hecla Mining had a negative net margin of 19.71% and a negative return on equity of 5.71%. Hecla Mining’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.05) EPS. On average, equities analysts anticipate that Hecla Mining will post -0.13 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 22nd were issued a $0.002 dividend. The ex-dividend date was Thursday, November 21st. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.26%. Hecla Mining’s payout ratio is currently -9.09%.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC raised its holdings in shares of Hecla Mining by 43.2% during the second quarter. Commonwealth Equity Services LLC now owns 76,000 shares of the basic materials company’s stock worth $136,000 after acquiring an additional 22,936 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Hecla Mining by 24.3% during the second quarter. First Trust Advisors LP now owns 631,418 shares of the basic materials company’s stock worth $1,137,000 after acquiring an additional 123,633 shares in the last quarter. BNP Paribas Arbitrage SA raised its holdings in shares of Hecla Mining by 10.1% during the second quarter. BNP Paribas Arbitrage SA now owns 257,559 shares of the basic materials company’s stock worth $464,000 after acquiring an additional 23,570 shares in the last quarter. Aperio Group LLC raised its holdings in shares of Hecla Mining by 6.0% during the second quarter. Aperio Group LLC now owns 225,450 shares of the basic materials company’s stock worth $406,000 after acquiring an additional 12,737 shares in the last quarter. Finally, Swiss National Bank increased its position in Hecla Mining by 2.7% during the second quarter. Swiss National Bank now owns 898,662 shares of the basic materials company’s stock worth $1,618,000 after buying an additional 23,500 shares during the last quarter. Institutional investors own 56.98% 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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