Hecla Mining Co. (HL) Shares Down 1.1%
Hecla Mining Co. (NYSE:HL) shares were down 1.1% on Monday . The stock traded as low as $6.10 and last traded at $6.13, with a volume of 3,750,690 shares traded. The stock had previously closed at $6.20.
Several research analysts recently weighed in on HL shares. FBR & Co boosted their target price on Hecla Mining from $3.00 to $4.00 and gave the stock a “mkt perform” rating in a research note on Monday, May 9th. Zacks Investment Research upgraded Hecla Mining from a “hold” rating to a “buy” rating and set a $3.25 target price on the stock in a research note on Tuesday, March 29th. Royal Bank Of Canada boosted their target price on Hecla Mining from $2.50 to $3.25 in a research note on Tuesday, April 12th. Deutsche Bank AG downgraded Hecla Mining from a “buy” rating to a “hold” rating and set a $2.90 target price on the stock. in a research note on Wednesday, March 23rd. Finally, BMO Capital Markets restated a “buy” rating on shares of Hecla Mining in a research note on Tuesday, July 12th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $4.13.
The company’s market capitalization is $2.39 billion. The stock’s 50-day moving average is $4.94 and its 200 day moving average is $3.37.
Hecla Mining (NYSE:HL) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. The company earned $131 million during the quarter, compared to analyst estimates of $132.78 million. During the same quarter in the previous year, the business posted $0.03 earnings per share. The firm’s revenue was up 10.0% on a year-over-year basis. Equities analysts expect that Hecla Mining Co. will post $0.15 earnings per share for the current year.
In other news, Director Anthony P. Taylor sold 6,921 shares of the stock in a transaction on Thursday, June 30th. The stock was sold at an average price of $4.94, for a total value of $34,189.74. Following the sale, the director now directly owns 50,000 shares in the company, valued at $247,000. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Anthony P. Taylor sold 5,000 shares of the stock in a transaction on Wednesday, July 13th. The shares were sold at an average price of $6.09, for a total value of $30,450.00. Following the completion of the sale, the director now owns 45,000 shares in the company, valued at $274,050. The disclosure for this sale can be found here.
A number of institutional investors have bought and sold shares of HL. Royce & Associates LLC raised 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. Rhumbline Advisers raised its position in Hecla Mining by 4.2% in the fourth quarter. Rhumbline Advisers now owns 544,620 shares of the company’s stock valued at $1,029,000 after buying an additional 21,985 shares during the period. Finally, California State Teachers Retirement System raised its position 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 valued at $1,297,000 after buying an additional 12,231 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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