Hecla Mining Co. (HL) Hits New 1-Year High at $6.38
Hecla Mining Co. (NYSE:HL) reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $6.38 and last traded at $6.33, with a volume of 7,298,268 shares. The stock had previously closed at $6.18.
A number of equities research analysts have commented on the stock. FBR & Co increased their price objective on shares of Hecla Mining from $4.00 to $5.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 20th. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective on the stock in a research report on Monday, July 11th. BMO Capital Markets reissued a “buy” rating on shares of Hecla Mining in a research report on Tuesday, July 12th. Scotiabank raised shares of Hecla Mining from an “underperform” rating to a “sector perform” rating and increased their price objective for the company from $3.75 to $6.15 in a research report on Wednesday, July 13th. Finally, Sterne Agee CRT reissued a “neutral” rating on shares of Hecla Mining in a research report on Monday, May 16th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hecla Mining has an average rating of “Hold” and a consensus price target of $4.26.
The firm’s market cap is $2.42 billion. The stock has a 50-day moving average of $5.35 and a 200 day moving average of $3.60.
Hecla Mining (NYSE:HL) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. During the same period last year, the firm earned $0.03 earnings per share. The business had revenue of $131 million for the quarter, compared to analyst estimates of $132.78 million. The company’s quarterly revenue was up 10.0% on a year-over-year basis. On average, analysts anticipate that Hecla Mining Co. will post $0.18 earnings per share for the current fiscal year.
In other Hecla Mining news, Director Anthony P. Taylor sold 6,921 shares of Hecla Mining stock in a transaction that occurred on Thursday, June 30th. The shares were sold at an average price of $4.94, for a total transaction of $34,189.74. Following the transaction, the director now directly owns 50,000 shares of the company’s stock, valued at $247,000. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director George R. Nethercutt, Jr. sold 40,000 shares of Hecla Mining stock in a transaction that occurred on Friday, July 1st. The shares were sold at an average price of $5.00, for a total transaction of $200,000.00. Following the transaction, the director now directly owns 60,536 shares in the company, valued at $302,680. The disclosure for this sale can be found here.
A number of hedge funds and institutional investors have made changes to their positions in HL. California State Teachers Retirement System boosted 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. Royce & Associates LLC boosted 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. Finally, Rhumbline Advisers boosted 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.
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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