Hecla Mining Co. (HL) Stock Price Down 2.1%
Hecla Mining Co. (NYSE:HL) fell 2.1% on Thursday . The company traded as low as $5.43 and last traded at $5.64, with a volume of 6,083,255 shares trading hands. The stock had previously closed at $5.76.
HL has been the topic of several recent research reports. Royal Bank Of Canada lifted their price objective on shares of Hecla Mining from $2.50 to $3.25 in a research report on Tuesday, April 12th. Sterne Agee CRT reissued a “neutral” rating on shares of Hecla Mining in a research note on Monday, May 16th. Scotiabank lowered shares of Hecla Mining from a “sector perform” rating to an “underperform” rating in a research note on Monday, April 11th. Zacks Investment Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a research note on Thursday, May 19th. Finally, Deutsche Bank AG lowered shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $2.90 target price for the company. in a research note on Wednesday, March 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $3.49.
The firm has a 50 day moving average of $4.62 and a 200 day moving average of $3.20. The stock’s market cap is $2.32 billion.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.01. The business earned $131 million during the quarter, compared to analysts’ expectations of $132.78 million. The business’s revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.03 EPS. Equities analysts predict that Hecla Mining Co. will post $0.11 EPS for the current fiscal year.
In related news, Director Anthony P. Taylor sold 6,921 shares of Hecla Mining stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $4.94, for a total value of $34,189.74. Following the completion of the sale, the director now directly owns 50,000 shares in the company, valued at approximately $247,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Other large investors have recently added to or reduced their stakes in the company. California State Teachers Retirement System increased its position in shares of Hecla Mining by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 686,324 shares of the company’s stock worth $1,297,000 after buying an additional 12,231 shares during the period. Rhumbline Advisers increased its position in shares of Hecla Mining by 4.2% in the fourth quarter. Rhumbline Advisers now owns 544,620 shares of the company’s stock worth $1,029,000 after buying an additional 21,985 shares during the period. Finally, Royce & Associates LLC increased its position in shares of Hecla Mining by 1.1% in the fourth quarter. Royce & Associates LLC now owns 2,917,818 shares of the company’s stock worth $5,515,000 after buying an additional 31,000 shares during the period.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idaho’s Silver Valley, which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado.
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