Hecla Mining Co. (HL) Sees Large Volume Increase
Shares of Hecla Mining Co. (NYSE:HL) saw an uptick in trading volume on Wednesday . 10,322,512 shares traded hands during mid-day trading, an increase of 7% from the previous session’s volume of 9,607,699 shares.The stock last traded at $5.79 and had previously closed at $6.33.
Several research firms have recently weighed in on HL. FBR & Co boosted their target price on shares of Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 9th. JPMorgan Chase & Co. raised shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a report on Tuesday, August 9th. Deutsche Bank AG lifted their price target on shares of Hecla Mining from $4.20 to $5.50 and gave the company a “hold” rating in a report on Tuesday, August 9th. BMO Capital Markets lowered shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price target for the company. in a report on Tuesday. Finally, Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a report on Monday, July 11th. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $5.27.
The stock’s 50-day moving average price is $6.39 and its 200-day moving average price is $4.27. The stock’s market capitalization is $2.13 billion.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. During the same period in the prior year, the company posted ($0.05) earnings per share. The firm had revenue of $171.30 million for the quarter, compared to the consensus estimate of $141.25 million. Hecla Mining’s quarterly revenue was up 64.4% on a year-over-year basis. On average, equities research analysts predict that Hecla Mining Co. will post $0.19 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd will be paid a dividend of $0.0025 per share. This represents a $0.01 annualized dividend and a yield of 0.18%. The ex-dividend date of this dividend is Friday, August 19th.
In related news, Director Anthony P. Taylor sold 6,921 shares of the company’s stock in a transaction 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 completion of the transaction, 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 SEC, which is available through the SEC website. Also, Director Anthony P. Taylor sold 15,000 shares of the company’s stock in a transaction on Thursday, August 11th. The shares were sold at an average price of $7.13, for a total transaction of $106,950.00. Following the transaction, the director now owns 30,000 shares of the company’s stock, valued at $213,900. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Hecla Mining stock. Rhumbline Advisers raised its position in shares of Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 544,620 shares of the company’s stock after buying an additional 21,985 shares during the period. Rhumbline Advisers owned approximately 0.14% of Hecla Mining worth $1,029,000 as of its most recent filing with the SEC.
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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