Hecla Mining Co. (HL) Shares Up 4.9%
Hecla Mining Co. (NYSE:HL) shot up 4.9% during mid-day trading on Thursday . The company traded as high as $5.85 and last traded at $5.78, with a volume of 9,480,070 shares changing hands. The stock had previously closed at $5.51.
Several research analysts have recently weighed in on the stock. BMO Capital Markets cut shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 price target on the stock. in a report on Tuesday. Deutsche Bank AG upped their price target on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a 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 on the stock in a report on Tuesday, August 9th. FBR & Co upped their price target on shares of Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a report on Tuesday, August 9th. Finally, Scotiabank raised shares of Hecla Mining from an “underperform” rating to a “sector perform” rating and upped their price target for the stock from $3.75 to $6.15 in a report on Wednesday, July 13th. Seven equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Hecla Mining presently has an average rating of “Hold” and an average price target of $5.27.
The firm’s market capitalization is $2.20 billion. The stock’s 50 day moving average is $6.39 and its 200-day moving average is $4.28.
Hecla Mining (NYSE:HL) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.07 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.05 by $0.02. During the same quarter in the prior year, the business earned ($0.05) EPS. The business had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $141.25 million. The company’s revenue was up 64.4% compared to the same quarter last year. Equities research analysts anticipate that Hecla Mining Co. will post $0.19 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders 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 dividend yield of 0.18%. The ex-dividend date is Friday, August 19th.
In other news, Director Anthony P. Taylor sold 5,000 shares of the firm’s stock in a transaction 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 directly owns 45,000 shares in the company, valued at approximately $274,050. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Anthony P. Taylor sold 6,921 shares of the firm’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 sale, the director now owns 50,000 shares in the company, valued at $247,000. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Hecla Mining stock. Rhumbline Advisers boosted its stake in shares of Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 544,620 shares of the company’s stock after buying an additional 21,985 shares during the period. Rhumbline Advisers owned 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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