Hecla Mining Co. (HL) Shares Up 2%
Shares of Hecla Mining Co. (NYSE:HL) shot up 2% on Thursday . The stock traded as high as $5.73 and last traded at $5.69, with a volume of 6,613,247 shares changing hands. The stock had previously closed at $5.58.
Several research firms have recently weighed in on HL. Royal Bank Of Canada boosted their target price on Hecla Mining from $3.25 to $4.00 and gave the company a “sector perform” rating in a report on Tuesday, May 31st. FBR & Co reaffirmed a “market perform” rating and set a $6.00 price objective (up from $5.00) on shares of Hecla Mining in a research note on Monday, August 8th. Scotiabank raised Hecla Mining from an “underperform” rating to a “sector perform” rating and upped their price objective for the company from $3.75 to $6.15 in a research note on Wednesday, July 13th. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Monday, July 11th. Finally, Deutsche Bank AG upped their price objective on Hecla Mining from $4.20 to $5.50 and gave the company a “hold” rating in a research note on Tuesday, August 9th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Hecla Mining presently has an average rating of “Hold” and a consensus target price of $5.27.
The firm’s market cap is $2.28 billion. The stock has a 50-day moving average of $6.34 and a 200-day moving average of $4.42.
Hecla Mining (NYSE:HL) last posted its quarterly earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the Zacks’ consensus estimate of $0.05 by $0.02. The firm earned $171.30 million during the quarter, compared to analyst estimates of $141.25 million. The firm’s revenue for the quarter was up 64.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. On average, equities analysts forecast that Hecla Mining Co. will post $0.19 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd were issued a $0.0025 dividend. The ex-dividend date of this dividend was Friday, August 19th. This represents a $0.01 dividend on an annualized basis and a yield of 0.17%.
In related news, Director Anthony P. Taylor sold 6,921 shares of the business’s stock in a transaction that occurred on Thursday, June 30th. The stock was 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 of the company’s stock, valued at $247,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP David C. Sienko sold 13,722 shares of the business’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $5.85, for a total value of $80,273.70. 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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