Hecla Mining Co. (HL) Trading Down 3%
Shares of Hecla Mining Co. (NYSE:HL) were down 3% during trading on Tuesday . The company traded as low as $6.32 and last traded at $6.40, with a volume of 7,265,613 shares changing hands. The stock had previously closed at $6.60.
A number of analysts recently commented on HL shares. JPMorgan Chase & Co. raised Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 price target for the company in a research report on Tuesday, August 9th. BMO Capital Markets reaffirmed a “buy” rating on shares of Hecla Mining in a research report on Tuesday, July 12th. FBR & Co increased their price target on 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 Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 price target for the company in a research report on Wednesday, June 29th. Finally, Sterne Agee CRT reaffirmed a “neutral” rating on shares of Hecla Mining in a research report on Monday, May 16th. Seven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Hold” and an average target price of $5.27.
The company’s market capitalization is $2.13 billion. The firm’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 EPS for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company earned $171.30 million during the quarter, compared to the consensus estimate of $141.25 million. During the same period in the prior year, the firm earned ($0.05) earnings per share. The business’s revenue for the quarter was up 64.4% compared to the same quarter last year. On average, equities analysts anticipate that Hecla Mining Co. will post $0.19 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd will be given a $0.0025 dividend. The ex-dividend date is Friday, August 19th. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.18%.
In other news, Director Anthony P. Taylor sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 13th. The stock was sold at an average price of $6.09, for a total value of $30,450.00. Following the sale, the director now directly owns 45,000 shares of the company’s stock, valued at approximately $274,050. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lawrence P. Radford sold 100,000 shares of the business’s stock in a transaction that occurred on Friday, August 12th. The stock was sold at an average price of $7.12, for a total value of $712,000.00. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Hecla Mining stock. Rhumbline Advisers increased its position in Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 544,620 shares of the company’s stock after buying an additional 21,985 shares during the period. Rhumbline Advisers owned about 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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