Hecla Mining Co. (HL) Shares Down 2.1%
Hecla Mining Co. (NYSE:HL) was down 2.1% during mid-day trading on Wednesday . The company traded as low as $6.08 and last traded at $6.41, with a volume of 4,825,466 shares trading hands. The stock had previously closed at $6.55.
A number of equities research analysts recently issued reports on HL shares. Royal Bank Of Canada upped their price target on shares of Hecla Mining from $2.50 to $3.25 in a research note on Tuesday, April 12th. Zacks Investment Research raised shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $5.25 target price on the stock in a research note on Wednesday, June 29th. BMO Capital Markets reissued a “buy” rating on shares of Hecla Mining in a research note on Tuesday, July 12th. TheStreet raised shares of Hecla Mining from a “sell” rating to a “hold” rating in a research note on Monday, April 25th. Finally, FBR & Co increased their target price on shares of Hecla Mining from $3.00 to $4.00 and gave the company a “mkt perform” rating in a research note on Monday, May 9th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $4.26.
The company’s market cap is $2.48 billion. The company has a 50-day moving average price of $5.59 and a 200-day moving average price of $3.75.
Hecla Mining (NYSE:HL) last released its quarterly earnings results on Thursday, May 5th. The company reported $0.02 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the prior year, the business posted $0.03 EPS. Hecla Mining’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts predict that Hecla Mining Co. will post $0.18 EPS for the current year.
In other Hecla Mining news, Director Anthony P. Taylor sold 6,921 shares of Hecla Mining stock in a transaction 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 sale, the director now owns 50,000 shares of the company’s stock, valued at approximately $247,000. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George R. Nethercutt, Jr. sold 40,000 shares of Hecla Mining stock in a transaction on Friday, July 1st. The stock was sold at an average price of $5.00, for a total transaction of $200,000.00. Following the sale, the director now directly owns 60,536 shares in the company, valued at approximately $302,680. The disclosure for this sale can be found here.
A number of large investors have made changes to their positions in the company. California State Teachers Retirement System boosted 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 valued at $1,297,000 after buying an additional 12,231 shares during the period. Royce & Associates LLC boosted 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 valued at $5,515,000 after buying an additional 31,000 shares during the period. Finally, Rhumbline Advisers boosted 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 valued at $1,029,000 after buying an additional 21,985 shares during the period.
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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