Hecla Mining Co. (HL) Reaches New 1-Year High at $6.19
Hecla Mining Co. (NYSE:HL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $6.19 and last traded at $6.18, with a volume of 5,987,934 shares trading hands. The stock had previously closed at $5.82.
Several brokerages have recently issued reports on HL. Scotiabank upgraded shares of Hecla Mining from an “underperform” rating to a “sector perform” rating in a report on Wednesday. BMO Capital Markets restated a “buy” rating on shares of Hecla Mining in a report on Tuesday. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 target price on the stock in a report on Monday. Royal Bank Of Canada raised their target price on shares of Hecla Mining from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 31st. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Hecla Mining in a report on Monday, May 16th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $3.68.
The stock’s market capitalization is $2.40 billion. The company’s 50-day moving average is $4.72 and its 200 day moving average is $3.27.
Hecla Mining (NYSE:HL) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The firm had revenue of $131 million for the quarter, compared to analysts’ expectations of $132.78 million. During the same period last year, the company earned $0.03 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. On average, equities research analysts forecast that Hecla Mining Co. will post $0.12 EPS for the current fiscal year.
In other news, Director Anthony P. Taylor sold 6,921 shares of the company’s stock in a transaction that occurred on Thursday, June 30th. The stock was sold at an average price of $4.94, for a total transaction of $34,189.74. Following the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $247,000. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Several institutional investors recently added to or reduced their stakes in HL. Rhumbline Advisers increased its position in Hecla Mining by 4.2% in the fourth quarter. Rhumbline Advisers now owns 544,620 shares of the company’s stock valued at $1,029,000 after buying an additional 21,985 shares in the last quarter. California State Teachers Retirement System increased its position in Hecla Mining by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 686,324 shares of the company’s stock valued at $1,297,000 after buying an additional 12,231 shares in the last quarter. Finally, Royce & Associates LLC increased its position in Hecla Mining by 1.1% in the fourth quarter. Royce & Associates LLC now owns 2,917,818 shares of the company’s stock valued at $5,515,000 after buying an additional 31,000 shares in the last quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.