Hecla Mining Co. (HL) Trading Down 2.4%
Hecla Mining Co. (NYSE:HL)’s share price was down 2.4% on Wednesday . The company traded as low as $6.73 and last traded at $6.88, with a volume of 6,156,671 shares. The stock had previously closed at $7.05.
A number of equities analysts recently weighed in on HL shares. FBR & Co upped their price target on Hecla Mining from $3.00 to $4.00 and gave the stock a “mkt perform” rating in a report on Monday, May 9th. BMO Capital Markets reaffirmed a “buy” rating and issued a $10.00 price target on shares of Hecla Mining in a report on Friday, August 5th. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a report on Wednesday, June 29th. Royal Bank Of Canada upped their price target on Hecla Mining from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 31st. Finally, TheStreet raised Hecla Mining from a “sell” rating to a “hold” rating in a report on Monday, April 25th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $5.57.
The company’s market capitalization is $2.71 billion. The stock’s 50 day moving average price is $6.24 and its 200-day moving average price is $4.12.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.02. The business earned $171.30 million during the quarter, compared to analysts’ expectations of $141.25 million. During the same period in the prior year, the firm posted ($0.05) EPS. Hecla Mining’s revenue for the quarter was up 64.4% compared to the same quarter last year. Equities research analysts predict that Hecla Mining Co. will post $0.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be issued a $0.0025 dividend. This represents a $0.01 dividend on an annualized basis and a yield of 0.14%. The ex-dividend date of this dividend is Friday, August 19th.
In other news, insider Lawrence P. Radford sold 100,000 shares of Hecla Mining stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $7.12, for a total transaction of $712,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Anthony P. Taylor sold 5,000 shares of Hecla Mining stock in a transaction that occurred on Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total transaction of $30,450.00. Following the sale, the director now owns 45,000 shares of the company’s stock, valued at $274,050. The disclosure for this sale can be found here.
Several large investors recently bought and sold shares of HL. Rhumbline Advisers increased its stake in 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 last quarter. California State Teachers Retirement System increased its stake 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 worth $1,297,000 after buying an additional 12,231 shares during the last quarter. Finally, Royce & Associates LLC increased its stake in 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 last quarter.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company and its subsidiaries provide precious and base metals to the United States and around the world. The Company produces lead, zinc and bulk concentrates, which it markets to custom smelters and brokers, and unrefined bullion bars (dore) containing gold and silver at Greens Creek and Casa Berardi.
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