Hecla Mining Co. (HL) Trading 2% Higher
Hecla Mining Co. (NYSE:HL) shares traded up 2% during trading on Thursday . The stock traded as high as $5.73 and last traded at $5.69, with a volume of 6,613,247 shares. The stock had previously closed at $5.58.
Several research analysts have commented on the company. BMO Capital Markets downgraded Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research note on Tuesday, August 23rd. Deutsche Bank AG raised their target price on Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research note on Tuesday, August 9th. JPMorgan Chase & Co. upgraded Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a research note on Tuesday, August 9th. FBR & Co raised their target price on Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research note on Tuesday, August 9th. Finally, Scotiabank upgraded Hecla Mining from an “underperform” rating to a “sector perform” rating and raised their target price for the stock from $3.75 to $6.15 in a research note on Wednesday, July 13th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hecla Mining has a consensus rating of “Hold” and an average target price of $5.27.
The firm has a 50 day moving average price of $6.35 and a 200-day moving average price of $4.41. The stock’s market capitalization is $2.21 billion.
Hecla Mining (NYSE:HL) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.05 by $0.02. The firm had revenue of $171.30 million for the quarter, compared to analysts’ expectations of $141.25 million. During the same quarter last year, the company posted ($0.05) EPS. The firm’s revenue was up 64.4% compared to the same quarter last year. Analysts expect that Hecla Mining Co. will post $0.19 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Tuesday, August 23rd were given a dividend of $0.0025 per share. This represents a $0.01 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date was Friday, August 19th.
In related news, CEO Phillips S. Baker, Jr. sold 392,863 shares of the company’s stock in a transaction on Tuesday, August 9th. The stock was sold at an average price of $7.05, for a total transaction of $2,769,684.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Anthony P. Taylor sold 15,000 shares of the company’s stock in a transaction dated Thursday, August 11th. The stock was sold at an average price of $7.13, for a total value of $106,950.00. Following the completion of the sale, the director now owns 30,000 shares of the company’s stock, valued at approximately $213,900. The disclosure for this sale can be found here.
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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