Hecla Mining Co. (HL) Stock Price Down 2.4%
Hecla Mining Co. (NYSE:HL) was down 2.4% during mid-day trading on Tuesday . The stock traded as low as $5.69 and last traded at $5.71, with a volume of 4,679,914 shares changing hands. The stock had previously closed at $5.85.
Several equities research analysts have issued reports on HL shares. FBR & Co boosted their price target on shares of Hecla Mining from $3.00 to $4.00 and gave the company a “mkt perform” rating in a report on Monday, May 9th. Sterne Agee CRT reaffirmed a “neutral” rating on shares of Hecla Mining in a report on Monday, May 16th. Zacks Investment Research lowered shares of Hecla Mining from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 19th. Royal Bank Of Canada upped their target price on shares of Hecla Mining from $3.25 to $4.00 and gave the stock a “sector perform” rating in a report on Tuesday, May 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Hecla Mining in a report on Tuesday, July 12th. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hecla Mining presently has a consensus rating of “Hold” and an average target price of $5.27.
The company has a 50 day moving average price of $6.37 and a 200 day moving average price of $4.39. The company’s market cap is $2.14 billion.
Hecla Mining (NYSE:HL) last released 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. The firm had revenue of $171.30 million for the quarter, compared to the consensus estimate of $141.25 million. During the same quarter last year, the firm posted ($0.05) earnings per share. The business’s revenue for the quarter was up 64.4% on a year-over-year basis. On average, equities research analysts forecast that Hecla Mining Co. will post $0.19 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 23rd will be issued 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 related news, Director Anthony P. Taylor sold 5,000 shares of the company’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 in the company, valued at $274,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Phillips S. Baker, Jr. sold 392,863 shares of the company’s stock in a transaction that occurred on Tuesday, August 9th. The shares were sold at an average price of $7.05, for a total value of $2,769,684.15. The disclosure for this sale can be found here.
An institutional investor recently raised its position in Hecla Mining stock. Rhumbline Advisers increased its stake in shares of Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 at the end of the most recent reporting period.
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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