Hecla Mining Co. (HL) Trading Down 3%
Shares of Hecla Mining Co. (NYSE:HL) traded down 3% during trading on Tuesday . The stock traded as low as $6.32 and last traded at $6.40, with a volume of 7,265,613 shares. The stock had previously closed at $6.60.
Several analysts have commented on the stock. JPMorgan Chase & Co. raised shares of Hecla Mining from a “neutral” rating to an “overweight” rating and set a $8.00 target price for the company in a research report on Tuesday, August 9th. Deutsche Bank AG boosted their target price on shares of Hecla Mining from $4.20 to $5.50 and gave the stock a “hold” rating in a research report on Tuesday, August 9th. FBR & Co boosted their target price on shares of Hecla Mining from $5.00 to $6.00 and gave the stock a “mkt perform” rating in a research report on Tuesday, August 9th. BMO Capital Markets downgraded shares of Hecla Mining from an “outperform” rating to a “market perform” rating and set a $7.00 target price for the company. in a research report on Tuesday. Finally, Zacks Investment Research upgraded shares of Hecla Mining from a “hold” rating to a “buy” rating and set a $6.75 price objective for the company in a research note on Monday, July 11th. Seven equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.27.
The firm has a 50 day moving average price of $6.39 and a 200 day moving average price of $4.24. The stock’s market capitalization is $2.45 billion.
Hecla Mining (NYSE:HL) last announced its earnings results on Thursday, August 4th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of $0.05 by $0.02. The company had revenue of $171.30 million for the quarter, compared to analyst estimates of $141.25 million. The business’s quarterly revenue was up 64.4% on a year-over-year basis. During the same quarter last year, the business posted ($0.05) earnings per share. On average, equities analysts anticipate that Hecla Mining Co. will post $0.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 23rd will be issued a dividend of $0.0025 per share. The ex-dividend date is Friday, August 19th. This represents a $0.01 annualized dividend and a yield of 0.16%.
In other Hecla Mining news, Director Anthony P. Taylor sold 6,921 shares of the firm’s 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 sale, the director now directly owns 50,000 shares in the company, 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 George R. Nethercutt, Jr. sold 40,000 shares of the firm’s stock in a transaction that occurred 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 owns 60,536 shares in the company, valued at $302,680. The disclosure for this sale can be found here.
A hedge fund recently raised its stake in Hecla Mining stock. Rhumbline Advisers increased its stake in Hecla Mining Co. (NYSE:HL) by 4.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 544,620 shares of the company’s stock after buying an additional 21,985 shares during the period. Rhumbline Advisers owned 0.14% of Hecla Mining worth $1,029,000 as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.