Hecla Mining Co. (HL) Trading 5.1% Higher
Hecla Mining Co. (NYSE:HL) shares traded up 5.1% during mid-day trading on Wednesday . The company traded as high as $6.22 and last traded at $6.21, with a volume of 8,989,349 shares traded. The stock had previously closed at $5.91.
Several research analysts recently commented on the company. Zacks Investment Research raised Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Monday, July 11th. Scotiabank cut Hecla Mining from a “sector perform” rating to an “underperform” rating in a research report on Monday, April 11th. Sterne Agee CRT reissued a “neutral” rating on shares of Hecla Mining in a research report on Monday, May 16th. FBR & Co increased their price target on Hecla Mining from $4.00 to $5.00 and gave the company a “mkt perform” rating in a research report on Wednesday, July 20th. Finally, TheStreet raised Hecla Mining from a “sell” rating to a “hold” rating in a research report on Monday, April 25th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $4.26.
The firm’s market capitalization is $2.37 billion. The stock’s 50 day moving average price is $5.31 and its 200-day moving average price is $3.58.
Hecla Mining (NYSE:HL) last issued its earnings results on Thursday, May 5th. The company reported $0.02 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. The firm earned $131 million during the quarter, compared to the consensus estimate of $132.78 million. During the same period in the previous year, the firm earned $0.03 earnings per share. The business’s quarterly revenue was up 10.0% on a year-over-year basis. Equities analysts anticipate that Hecla Mining Co. will post $0.18 EPS for the current year.
In related news, Director Anthony P. Taylor sold 6,921 shares of the business’s stock in a transaction dated Thursday, June 30th. The stock was sold at an average price of $4.94, for a total value of $34,189.74. Following the completion of the sale, the director now directly owns 50,000 shares of the company’s stock, valued at approximately $247,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Anthony P. Taylor sold 5,000 shares of the business’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 completion of the sale, the director now directly owns 45,000 shares of the company’s stock, valued at $274,050. The disclosure for this sale can be found here.
A number of hedge funds recently modified their holdings of the company. Rhumbline Advisers raised 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 in the last quarter. California State Teachers Retirement System raised 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 in the last quarter. Finally, Royce & Associates LLC raised its stake in shares of 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 in 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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