Hecla Mining Co. (HL) Hits New 12-Month High at $6.19
Hecla Mining Co. (NYSE:HL) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $6.19 and last traded at $6.18, with a volume of 5,987,934 shares. The stock had previously closed at $5.82.
A number of equities research analysts have issued reports on HL shares. Deutsche Bank AG downgraded shares of Hecla Mining from a “buy” rating to a “hold” rating and set a $2.90 target price for the company. in a research report on Wednesday, March 23rd. Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $3.25 target price for the company in a research report on Tuesday, March 29th. CIBC downgraded shares of Hecla Mining from a “sector outperform” rating to a “sector perform” rating and increased their target price for the stock from $2.50 to $2.75 in a research report on Friday, April 8th. Scotiabank downgraded shares of Hecla Mining from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 11th. Finally, Royal Bank Of Canada increased their target price on shares of Hecla Mining from $2.50 to $3.25 in a research report on Tuesday, April 12th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Hecla Mining currently has a consensus rating of “Hold” and a consensus price target of $3.68.
The stock’s 50-day moving average price is $4.85 and its 200-day moving average price is $3.31. The stock’s market cap is $2.39 billion.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.01. The business earned $131 million during the quarter, compared to analyst estimates of $132.78 million. The company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the company posted $0.03 earnings per share. Equities research analysts anticipate that Hecla Mining Co. will post $0.12 earnings per share for the current fiscal year.
In related news, Director Anthony P. Taylor sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total value of $30,450.00. Following the transaction, the director now directly owns 45,000 shares in the company, valued at $274,050. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Anthony P. Taylor sold 6,921 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 50,000 shares in the company, valued at $247,000. The disclosure for this sale can be found here.
Several institutional investors have added to or reduced their stakes in the stock. Royce & Associates LLC increased its position in Hecla Mining by 1.1% in the fourth quarter. Royce & Associates LLC now owns 2,917,818 shares of the company’s stock valued at $5,515,000 after buying an additional 31,000 shares during the period. California State Teachers Retirement System increased its stake in shares of 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 last quarter. Finally, Rhumbline Advisers increased its stake in shares of 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 last quarter.
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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