Hecla Mining Co. (HL) Hits New 1-Year High at $5.73
Hecla Mining Co. (NYSE:HL)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $5.73 and last traded at $5.70, with a volume of 4,570,088 shares trading hands. The stock had previously closed at $5.52.
Several equities analysts have issued reports on the company. Royal Bank Of Canada lifted their target price on Hecla Mining from $3.25 to $4.00 and gave the company a “sector perform” rating in a research note on Tuesday, May 31st. Zacks Investment Research lowered Hecla Mining from a “buy” rating to a “hold” rating in a research note on Wednesday. Scotiabank lowered Hecla Mining from a “sector perform” rating to an “underperform” rating in a research note on Monday, April 11th. TheStreet upgraded Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Finally, Sterne Agee CRT restated a “neutral” rating on shares of Hecla Mining in a research note on Monday, May 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. Hecla Mining presently has an average rating of “Hold” and a consensus target price of $3.49.
The stock’s market capitalization is $2.17 billion. The company has a 50 day moving average price of $4.56 and a 200-day moving average price of $3.17.
Hecla Mining (NYSE:HL) last posted its earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.01. The business had revenue of $131 million for the quarter, compared to analyst estimates of $132.78 million. During the same period last year, the company posted $0.03 EPS. The firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. On average, analysts expect that Hecla Mining Co. will post $0.11 EPS for the current fiscal year.
In related news, Director Anthony P. Taylor sold 6,921 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 50,000 shares of the company’s stock, valued at approximately $247,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
A number of hedge funds have bought and sold shares of HL. Rhumbline Advisers increased its stake in Hecla Mining by 4.2% in the fourth quarter. Rhumbline Advisers now owns 544,620 shares of the company’s stock worth $1,029,000 after buying an additional 21,985 shares during the period. California State Teachers Retirement System increased its stake in Hecla Mining by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 686,324 shares of the company’s stock worth $1,297,000 after buying an additional 12,231 shares during the period. Finally, Royce & Associates LLC increased its stake in Hecla Mining by 1.1% in the fourth quarter. Royce & Associates LLC now owns 2,917,818 shares of the company’s stock worth $5,515,000 after buying an additional 31,000 shares during the period.
Hecla Mining Company is engaged in discovering, acquiring, developing and producing silver, gold, lead and zinc. The Company operates in three segments: the Greens Creek, Lucky Friday, and Casa Berardi units. It focuses on its San Sebastian project, which is located in Mexico; North Idaho’s Silver Valley, which is located in Coeur d’Alene Mining District; Greens Creek unit on Alaska’s Admiralty Island, which is located near Juneau; the silver-producing district near Durango, which is located in Mexico; the Abitibi region of north-western Quebec, which is located in Canada, and the Creede district of Southwestern Colorado.
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